MDPLX Fees and Costs — MDP Low Volatility Fund, Class I
Data updated: 2024-09-30
The net expense ratio is 1.57% (27.61% before fee waivers). There are no sales loads or redemption fees. In fiscal 2024 the fund paid $3K in broker commissions, 0.3581% of average net assets, and portfolio turnover was 0%.
MDPLX Fees and Expenses
Annual operating expenses and sales charges of MDPLX. Prospectus, as of May 31, 2024.
| Annual operating expenses | |
|---|---|
| Management fee | 0.60% |
| 12b-1 fee | 0.00% |
| Other expenses | 26.92% |
| Gross expense ratio | 27.61% |
| Fee waiver | −26.04% |
| Net expense ratio | 1.57% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| Max deferred load | 0.00% |
| Redemption fee | 0.00% |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | Yes |
MDPLX Costs Over Time
On $10,000 invested in MDPLX, assuming 5% a year before costs, total costs come to $1,184 over 5 years, cutting the return by 2.02% 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 1.57%) | $165 | $509 | $875 |
| Trading costs (broker commissions) | $38 | $116 | $200 |
| Lost growth on money paid in costs | $0 | $31 | $110 |
| Total costs | $202 | $657 | $1,184 |
| Value after costs | $10,298 | $10,919 | $11,579 |
| Impact on return, per year | 2.02% | 2.02% | 2.02% |
MDPLX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending January 31, 2024.
- Explicit cost rate (commissions ÷ average net assets): 0.3581%
- Total broker commissions: $3K
- Bought from dealers (principal trades, not a cost): $17K
- Portfolio turnover (prospectus): 0%
- Securities lending: none during the year
MDPLX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Interactive Brokers, LLC | $3K | 100.00% |
MDPLX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Interactive Brokers, LLC | $17K | 100.00% |
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 Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date.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.