MDODX Fees and Costs — Developing Opportunity Portfolio, Class R6
Data updated: 2026-08-21
The net expense ratio is 1.11%: a 0.90% management fee plus 20.84% other expenses, less a 20.63% fee waiver. This share class carries a redemption fee of 2.00%. In fiscal 2025 the fund paid $59K in broker commissions, 0.1372% of average net assets, and portfolio turnover was 51%.
MDODX Fees and Expenses
Annual operating expenses and sales charges of MDODX. Prospectus, as of December 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.90% |
| 12b-1 fee | 0.00% |
| Other expenses | 20.84% |
| Gross expense ratio | 21.74% |
| Fee waiver | −20.63% |
| Net expense ratio | 1.11% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| Max deferred load | 0.00% |
| Redemption fee | 2.00% |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | No |
MDODX Costs Over Time
On $10,000 invested in MDODX, assuming 5% a year before costs, total costs come to $776 over 5 years, cutting the return by 1.31% a year. Illustration, not a forecast: it assumes today's net expense ratio throughout (a fee waiver may end).
| $10,000 invested | Sell after 1 year | Sell after 3 years | Sell after 5 years |
|---|---|---|---|
| Value before costs | $10,500 | $11,576 | $12,763 |
| Fund expenses (net expense ratio 1.11%) | $117 | $363 | $627 |
| Trading costs (broker commissions) | $14 | $45 | $78 |
| Lost growth on money paid in costs | $0 | $20 | $71 |
| Total costs | $131 | $428 | $776 |
| Value after costs | $10,369 | $11,148 | $11,987 |
| Impact on return, per year | 1.31% | 1.31% | 1.31% |
MDODX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending December 31, 2025.
- Explicit cost rate (commissions ÷ average net assets): 0.1372%
- Total broker commissions: $59K
- Bought from dealers (principal trades, not a cost): $107.6M
- Portfolio turnover (prospectus): 51%
- Securities lending: none during the year
MDODX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Barclays Capital Inc. | $15K | 26.28% |
| Citigroup Global Markets Inc. | $10K | 18.63% |
| Goldman Sachs & Co. LLC | $7K | 12.19% |
| J.P. Morgan Securities LLC | $6K | 11.39% |
| BofA Securities, Inc. | $6K | 10.66% |
| UBS Securities LLC | $6K | 9.83% |
| TD Securities (USA) LLC | $2K | 3.62% |
| Jefferies LLC | $2K | 2.94% |
| RBC Capital Markets, LLC | $1K | 2.58% |
| BTG Pactual US Capital, LLC | $1K | 1.89% |
MDODX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| State Street Bank and Trust Company | $107.3M | 99.69% |
| Kotak Securities Limited | $336K | 0.31% |
Developing Opportunity Portfolio Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| MDODX | Class R6 | 1.11% | none |
| MDOEX | Class I | 1.16% | none |
| MDOAX | Class A | 1.51% | 5.25% |
| MDOBX | Class C | 2.26% | none |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.