MIOIX Fees and Costs — International Opportunity Portfolio, Class I
Data updated: 2026-08-21
The net expense ratio is 1.00%: a 0.80% management fee plus 0.28% other expenses, less a 0.08% fee waiver. This share class carries a redemption fee of 2.00%. In fiscal 2025 the fund paid $258K in broker commissions, 0.0334% of average net assets, and portfolio turnover was 25%.
MIOIX Fees and Expenses
Annual operating expenses and sales charges of MIOIX. Prospectus, as of December 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.80% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.28% |
| Gross expense ratio | 1.08% |
| Fee waiver | −0.08% |
| Net expense ratio | 1.00% |
| 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 |
MIOIX Costs Over Time
On $10,000 invested in MIOIX, assuming 5% a year before costs, total costs come to $646 over 5 years, cutting the return by 1.09% 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 1.00%) | $105 | $327 | $568 |
| Trading costs (broker commissions) | $4 | $11 | $19 |
| Lost growth on money paid in costs | $0 | $17 | $59 |
| Total costs | $109 | $355 | $646 |
| Value after costs | $10,391 | $11,221 | $12,117 |
| Impact on return, per year | 1.09% | 1.09% | 1.09% |
MIOIX 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): 0.0334%
- Total broker commissions: $258K
- Bought from dealers (principal trades, not a cost): $419.7M
- Portfolio turnover (prospectus): 25%
- Securities on loan, average value: $38K
- Net income from securities lending: $9K (0.001% of average net assets)
MIOIX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| J.P. Morgan Securities LLC | $75K | 32.51% |
| Jefferies LLC | $55K | 24.14% |
| Goldman Sachs & Co. LLC | $22K | 9.37% |
| Citigroup Global Markets Inc. | $20K | 8.70% |
| RBC Capital Markets, LLC | $19K | 8.25% |
| BofA Securities, Inc. | $12K | 5.38% |
| Barclays Capital Inc. | $8K | 3.70% |
| TD Securities (USA) LLC | $7K | 3.14% |
| Bradesco Securities, Inc. | $6K | 2.44% |
| ICICI Securities Inc. | $5K | 2.37% |
MIOIX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| State Street Bank and Trust Company | $413.5M | 98.52% |
| Kotak Securities Limited | $6.2M | 1.48% |
International Opportunity Portfolio Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| MNOPX | Class R6 | 0.94% | none |
| MRNPX | Class IR | 0.94% | none |
| MIOIX | Class I | 1.00% | none |
| MIOPX | Class A | 1.35% | 5.25% |
| MIOLX | Class L | 1.85% | none |
| MSOCX | Class C | 2.10% | none |
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.