MEGIX Fees and Costs — Growth Portfolio, Class I
Data updated: 2026-08-21
The net expense ratio is 0.57%: a 0.50% management fee plus 0.27% other expenses, less a 0.20% fee waiver. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $299K in broker commissions, 0.0416% of average net assets, and portfolio turnover was 60%.
MEGIX Fees and Expenses
Annual operating expenses and sales charges of MEGIX. Prospectus, as of December 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.50% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.27% |
| Gross expense ratio | 0.77% |
| Fee waiver | −0.20% |
| Net expense ratio | 0.57% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | No |
MEGIX Costs Over Time
On $10,000 invested in MEGIX, assuming 5% a year before costs, total costs come to $386 over 5 years, cutting the return by 0.64% 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 0.57%) | $60 | $187 | $326 |
| Trading costs (broker commissions) | $4 | $14 | $24 |
| Lost growth on money paid in costs | $0 | $10 | $35 |
| Total costs | $64 | $211 | $386 |
| Value after costs | $10,436 | $11,365 | $12,377 |
| Impact on return, per year | 0.64% | 0.64% | 0.64% |
MEGIX 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): 0.0416%
- Total broker commissions: $299K
- Bought from dealers (principal trades, not a cost): $936.2M
- Portfolio turnover (prospectus): 60%
- Securities lending: none during the year
MEGIX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| RBC Capital Markets, LLC | $52K | 21.78% |
| J.P. Morgan Securities LLC | $49K | 20.40% |
| Jefferies LLC | $30K | 12.40% |
| Goldman Sachs & Co. LLC | $28K | 11.63% |
| Barclays Capital Inc. | $22K | 9.16% |
| BTIG, LLC | $20K | 8.53% |
| BofA Securities, Inc. | $13K | 5.61% |
| BMO Capital Markets Corp. | $9K | 3.83% |
| Virtu Americas LLC | $8K | 3.53% |
| Stifel, Nicolaus & Company, Incorporated | $7K | 3.13% |
MEGIX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| State Street Bank and Trust Company | $895.8M | 95.69% |
| Goldman Sachs & Co. LLC | $29.1M | 3.10% |
| J.P. Morgan Securities LLC | $11.3M | 1.21% |
Growth Portfolio Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| MEGIX | Class I | 0.57% | — |
| MEGTX | Class II | 0.82% | — |
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.