MFMIX Fees and Costs — Next Gen Emerging Markets Portfolio, Class I
Data updated: 2025-08-22
The net expense ratio is 1.25%: a 1.20% management fee plus 1.83% other expenses, less a 1.78% fee waiver. This share class carries a redemption fee of 2.00%. In fiscal 2024 the fund paid $49K in broker commissions, 0.1784% of average net assets, and portfolio turnover was 40%.
MFMIX Fees and Expenses
Annual operating expenses and sales charges of MFMIX. Prospectus, as of April 30, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 1.20% |
| 12b-1 fee | 0.00% |
| Other expenses | 1.83% |
| Gross expense ratio | 3.03% |
| Fee waiver | −1.78% |
| Net expense ratio | 1.25% |
| 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 |
MFMIX Costs Over Time
On $10,000 invested in MFMIX, assuming 5% a year before costs, total costs come to $886 over 5 years, cutting the return by 1.50% 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 1.25%) | $131 | $408 | $704 |
| Trading costs (broker commissions) | $19 | $58 | $100 |
| Lost growth on money paid in costs | $0 | $23 | $82 |
| Total costs | $150 | $489 | $886 |
| Value after costs | $10,350 | $11,087 | $11,877 |
| Impact on return, per year | 1.50% | 1.50% | 1.50% |
MFMIX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending December 31, 2024.
- Explicit cost rate (commissions ÷ average net assets): 0.1784%
- Total broker commissions: $49K
- Bought from dealers (principal trades, not a cost): $24.4M
- Portfolio turnover (prospectus): 40%
- Securities lending: none during the year
MFMIX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Jefferies LLC | $9K | 21.93% |
| BRAC EPL Stock Brokerage Limited | $7K | 17.24% |
| HSBC Securities (USA) Inc. | $6K | 14.17% |
| J.P. Morgan Securities LLC | $6K | 13.30% |
| EFG-Hermes USA, Inc | $5K | 11.19% |
| Cty Co Phan Chung Khoan Ban Viet | $3K | 7.55% |
| Eurobank Ergasias Services and Holdings S.A. | $2K | 5.10% |
| Cong Ty Co Phan Chung Khoan Sai Gon | $2K | 3.68% |
| UBS Securities LLC | $1K | 3.15% |
| HSC Financial Services LLC | $1K | 2.68% |
MFMIX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| State Street Bank and Trust Company | $24.4M | 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.