MIDKX Fees and Costs — S&P MidCap Index Fund, K Shares
Data updated: 2026-07-30
The net expense ratio is 1.13%. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $19K in broker commissions, 0.0175% of average net assets, and portfolio turnover was 12%.
MIDKX Fees and Expenses
Annual operating expenses and sales charges of MIDKX. Prospectus, as of December 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.40% |
| 12b-1 fee | 0.25% |
| Other expenses | — |
| Gross expense ratio | 1.13% |
| Fee waiver | — |
| Net expense ratio | 1.13% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | No |
| Fees waived or reduced during the year | No |
| Waived fees subject to recoupment | No |
MIDKX Costs Over Time
On $10,000 invested in MIDKX, assuming 5% a year before costs, total costs come to $716 over 5 years, cutting the return by 1.20% 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 1.13%) | $119 | $370 | $640 |
| Trading costs (broker commissions) | $2 | $6 | $10 |
| Lost growth on money paid in costs | $0 | $19 | $66 |
| Total costs | $120 | $394 | $716 |
| Value after costs | $10,380 | $11,182 | $12,047 |
| Impact on return, per year | 1.20% | 1.20% | 1.20% |
MIDKX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending August 31, 2025.
- Explicit cost rate (commissions ÷ average net assets): 0.0175%
- Total broker commissions: $19K
- Bought from dealers (principal trades, not a cost): $65.4M
- Portfolio turnover (prospectus): 12%
- Securities on loan, average value: $684K
- Net income from securities lending: $3K (0.003% of average net assets)
MIDKX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| WOLVERINE EXECUTION SERVICES | $10K | 54.07% |
| WELLS FARGO SECURITIES, LLC | $9K | 45.93% |
MIDKX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| WELLS FARGO SECURITIES, LLC | $29.0M | 44.32% |
| WOLVERINE EXECUTION SERVICES | $16.9M | 25.80% |
| GOLDMAN SACHS & CO. LLC | $12.9M | 19.66% |
| MORGAN STANLEY SMITH BARNEY | $6.7M | 10.22% |
S&P MidCap Index Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| SPMIX | Investor Shares | 0.63% | — |
| MIDKX | K Shares | 1.13% | — |
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.