MEMUX Fees and Costs — Maine Municipal Fund, Class A
Data updated: 2026-06-26
The net expense ratio is 0.98%: a 0.50% management fee, a 0.25% 12b-1 fee plus 1.08% other expenses, less a 0.85% fee waiver. This share class carries a maximum front-end sales load of 2.50% and a deferred sales charge of up to 1.00%. Portfolio turnover was 18%.
MEMUX Fees and Expenses
Annual operating expenses and sales charges of MEMUX. Prospectus, as of July 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.50% |
| 12b-1 fee | 0.25% |
| Other expenses | 1.08% |
| Gross expense ratio | 1.83% |
| Fee waiver | −0.85% |
| Net expense ratio | 0.98% |
| Sales charges | |
|---|---|
| Max front load | 2.50% |
| Max deferred load | 1.00% |
| 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 |
MEMUX Costs Over Time
On $10,000 invested in MEMUX, assuming 5% a year before costs, total costs come to $917 over 5 years, cutting the return by 1.55% 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 |
| Sales charges | $351 | $250 | $250 |
| Fund expenses (net expense ratio 0.98%) | $100 | $313 | $543 |
| Lost growth on money paid in costs | $13 | $55 | $124 |
| Total costs | $464 | $618 | $917 |
| Value after costs | $10,036 | $10,958 | $11,846 |
| Impact on return, per year | 4.64% | 1.90% | 1.55% |
MEMUX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending July 31, 2025.
- Explicit cost rate (commissions ÷ average net assets): —
- Total broker commissions: —
- Bought from dealers (principal trades, not a cost): $3.9M
- Portfolio turnover (prospectus): 18%
- Securities lending: none during the year
MEMUX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| D. A. Davidson & Co. | $2.5M | 65.25% |
| Stifel, Nicolaus & Company, Inc. | $610K | 15.63% |
| Raymond James & Associates, Inc. | $278K | 7.11% |
| Morgan Stanley & Co. LLC | $262K | 6.71% |
| Hilltop Securities Inc | $207K | 5.30% |
Maine Municipal Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| MEIMX | Class I | 0.73% | none |
| MEMUX | Class A | 0.98% | 2.50% |
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.