MIMPX Fees and Costs — Global Strategist Portfolio, Class I
Data updated: 2026-08-21
The net expense ratio is 0.90%: a 0.75% management fee plus 1.05% other expenses, less a 0.90% fee waiver. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $13K in broker commissions, 0.0163% of average net assets, and portfolio turnover was 95%.
MIMPX Fees and Expenses
Annual operating expenses and sales charges of MIMPX. Prospectus, as of December 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.75% |
| 12b-1 fee | 0.00% |
| Other expenses | 1.05% |
| Gross expense ratio | 1.80% |
| Fee waiver | −0.90% |
| Net expense ratio | 0.90% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | No |
MIMPX Costs Over Time
On $10,000 invested in MIMPX, assuming 5% a year before costs, total costs come to $574 over 5 years, cutting the return by 0.96% 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 0.90%) | $94 | $295 | $512 |
| Trading costs (broker commissions) | $2 | $5 | $9 |
| Lost growth on money paid in costs | $0 | $15 | $53 |
| Total costs | $96 | $315 | $574 |
| Value after costs | $10,404 | $11,261 | $12,189 |
| Impact on return, per year | 0.96% | 0.96% | 0.96% |
MIMPX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending December 31, 2025.
- Explicit cost rate (commissions ÷ average net assets): 0.0163%
- Total broker commissions: $13K
- Bought from dealers (principal trades, not a cost): $226.6M
- Portfolio turnover (prospectus): 95%
- Securities lending: none during the year
MIMPX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Goldman Sachs & Co. LLC | $6K | 41.70% |
| HSBC Securities (USA) Inc. | $5K | 35.33% |
| J.P. Morgan Securities LLC | $1K | 7.83% |
| Barclays Capital Inc. | $506 | 3.78% |
| Jefferies LLC | $460 | 3.44% |
| UBS Securities LLC | $426 | 3.19% |
| Citigroup Global Markets Inc. | $349 | 2.61% |
| Sanford C. Bernstein & Co., LLC | $190 | 1.42% |
| SG Americas Securities, LLC | $83 | 0.62% |
| BofA Securities, Inc. | $10 | 0.08% |
MIMPX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| State Street Bank and Trust Company | $101.9M | 48.89% |
| J.P. Morgan Securities LLC | $21.3M | 10.22% |
| Goldman Sachs & Co. LLC | $19.0M | 9.09% |
| Wells Fargo Securities, LLC | $13.7M | 6.58% |
| BofA Securities, Inc. | $12.9M | 6.20% |
| Barclays Capital Inc. | $11.6M | 5.55% |
| Citigroup Global Markets Inc. | $8.9M | 4.25% |
| BNP Paribas Securities Corp. | $7.5M | 3.62% |
| BMO Capital Markets Corp. | $7.3M | 3.52% |
| Mizuho Securities USA LLC | $4.4M | 2.10% |
Global Strategist Portfolio Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| MIMPX | Class I | 0.90% | — |
| MGTPX | Class II | 1.00% | — |
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.