MFSIX Fees and Costs — Madison Sustainable Equity Fund, Class I
Data updated: 2025-03-25
The net expense ratio is 0.81%: a 0.70% management fee plus 0.11% other expenses. There are no sales loads or redemption fees. In fiscal 2024 the fund paid $2K in broker commissions, 0.0165% of average net assets, and portfolio turnover was 34%.
MFSIX Fees and Expenses
Annual operating expenses and sales charges of MFSIX. Prospectus, as of February 29, 2024.
| Annual operating expenses | |
|---|---|
| Management fee | 0.70% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.11% |
| Gross expense ratio | 0.81% |
| Fee waiver | — |
| Net expense ratio | 0.81% |
| 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 | No |
| Waived fees subject to recoupment | No |
MFSIX Costs Over Time
On $10,000 invested in MFSIX, assuming 5% a year before costs, total costs come to $519 over 5 years, cutting the return by 0.87% 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 0.81%) | $85 | $266 | $462 |
| Trading costs (broker commissions) | $2 | $5 | $9 |
| Lost growth on money paid in costs | $0 | $13 | $47 |
| Total costs | $87 | $285 | $519 |
| Value after costs | $10,413 | $11,292 | $12,244 |
| Impact on return, per year | 0.87% | 0.87% | 0.87% |
MFSIX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending October 31, 2024.
- Explicit cost rate (commissions ÷ average net assets): 0.0165%
- Total broker commissions: $2K
- Bought from dealers (principal trades, not a cost): $53.3M
- Portfolio turnover (prospectus): 34%
- Securities on loan, average value: $0
- Net income from securities lending: $8 (0.000% of average net assets)
MFSIX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Robert W. Baird & Co. Incorporated | $782 | 48.94% |
| William Blair & Company, L.L.C. | $418 | 26.14% |
| SG Americas Securities, LLC | $193 | 12.05% |
| RBC Capital Markets, LLC | $106 | 6.61% |
| Sanford C. Bernstein & Co., LLC | $100 | 6.25% |
MFSIX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| State Street Bank and Trust Company | $53.3M | 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.