MIFOX Fees and Costs — Marsico Focus Fund, Institutional Class
Data updated: 2026-08-26
The net expense ratio is 0.92%: a 0.72% management fee plus 0.20% other expenses. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $231K in broker commissions, 0.0222% of average net assets, and portfolio turnover was 64%.
MIFOX Fees and Expenses
Annual operating expenses and sales charges of MIFOX. Prospectus, as of January 31, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.72% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.20% |
| Gross expense ratio | 0.92% |
| Fee waiver | — |
| Net expense ratio | 0.92% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | No |
| Waived fees subject to recoupment | Yes |
MIFOX Costs Over Time
On $10,000 invested in MIFOX, assuming 5% a year before costs, total costs come to $590 over 5 years, cutting the return by 0.99% 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 0.92%) | $97 | $302 | $523 |
| Trading costs (broker commissions) | $2 | $7 | $13 |
| Lost growth on money paid in costs | $0 | $15 | $54 |
| Total costs | $99 | $324 | $590 |
| Value after costs | $10,401 | $11,252 | $12,173 |
| Impact on return, per year | 0.99% | 0.99% | 0.99% |
MIFOX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending September 30, 2025.
- Explicit cost rate (commissions ÷ average net assets): 0.0222%
- Total broker commissions: $231K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 64%
- Securities lending: none during the year
MIFOX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| EVERCORE GROUP L.L.C. | $45K | 19.42% |
| SANFORD C. BERNSTEIN AND CO., LLC | $42K | 17.97% |
| JEFFERIES LLC | $41K | 17.53% |
| MORGAN STANLEY AND CO. LLC | $32K | 13.99% |
| UBS SECURITIES LLC | $25K | 10.82% |
| VIRTU AMERICAS, LLC | $20K | 8.50% |
| BARCLAYS CAPITAL INC. | $10K | 4.53% |
| WILLIAM BLAIR | $7K | 3.24% |
| TD SECURITIES USA LLC | $6K | 2.80% |
| COWEN AND COMPANY, LLC | $3K | 1.20% |
Marsico Focus Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| MIFOX | Institutional Class | 0.92% | — |
| MFOCX | Investor Class | 1.18% | — |
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.