MMIZX Fees and Costs — MM S&P 500 Index Fund, Class I
Data updated: 2026-08-27
The net expense ratio is 0.14%: a 0.10% management fee plus 0.04% other expenses. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $36K in broker commissions, 0.0016% of average net assets, and portfolio turnover was 5%.
MMIZX Fees and Expenses
Annual operating expenses and sales charges of MMIZX. Prospectus, as of September 30, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.10% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.04% |
| Gross expense ratio | 0.14% |
| Fee waiver | — |
| Net expense ratio | 0.14% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| Max deferred load | 0.00% |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | No |
| Fees waived or reduced during the year | No |
| Waived fees subject to recoupment | No |
MMIZX Costs Over Time
On $10,000 invested in MMIZX, assuming 5% a year before costs, total costs come to $90 over 5 years, cutting the return by 0.15% 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 0.14%) | $15 | $46 | $81 |
| Trading costs (broker commissions) | $0 | $1 | $1 |
| Lost growth on money paid in costs | $0 | $2 | $8 |
| Total costs | $15 | $49 | $90 |
| Value after costs | $10,485 | $11,527 | $12,673 |
| Impact on return, per year | 0.15% | 0.15% | 0.15% |
MMIZX 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): 0.0016%
- Total broker commissions: $36K
- Bought from dealers (principal trades, not a cost): $2.4B
- Portfolio turnover (prospectus): 5%
- Securities on loan, average value: $2.5M
- Net income from securities lending: $4K (0.000% of average net assets)
MMIZX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| BofA Securities, Inc. | $16K | 47.21% |
| Goldman Sachs & Co. LLC | $5K | 14.35% |
| J.P. Morgan Securities LLC | $3K | 9.09% |
| HSBC Securities (USA) Inc. | $3K | 9.06% |
| TD Securities (USA) LLC | $2K | 5.72% |
| BMO Capital Markets Corp. | $1K | 4.09% |
| RBC Capital Markets, LLC | $1K | 3.89% |
| Morgan Stanley & Co. LLC | $1K | 3.60% |
| UBS Securities LLC | $551 | 1.58% |
| Barclays Capital Inc. | $490 | 1.40% |
MMIZX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| State Street Bank and Trust Company | $2.3B | 97.77% |
| Morgan Stanley & Co. LLC | $37.9M | 1.59% |
| Goldman Sachs & Co. LLC | $4.4M | 0.18% |
| BMO Capital Markets Corp. | $3.7M | 0.16% |
| J.P. Morgan Securities LLC | $3.4M | 0.14% |
| Nomura Securities International, Inc. | $2.4M | 0.10% |
| BofA Securities, Inc. | $392K | 0.02% |
| Barclays Capital Inc. | $368K | 0.02% |
| UBS Securities LLC | $219K | 0.01% |
| Macquarie Capital (USA) Inc. | $193K | 0.01% |
MM S&P 500 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 |
|---|---|---|---|
| MMIZX | Class I | 0.14% | none |
| MIEZX | Class R5 | 0.24% | none |
| MMIEX | Service Class | 0.39% | none |
| MIEYX | Administrative Class | 0.49% | none |
| MIEAX | Class R4 | 0.64% | none |
| MMFFX | Class A | 0.74% | 5.50% |
| MMINX | Class R3 | 0.89% | 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.