MNBAX Fees and Costs — Pro-Blend Extended Term Series, Class S
Data updated: 2026-09-22
The net expense ratio is 1.03%: a 0.60% management fee, a 0.25% 12b-1 fee plus 0.18% other expenses. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $154K in broker commissions, 0.0292% of average net assets, and portfolio turnover was 78%.
MNBAX Fees and Expenses
Annual operating expenses and sales charges of MNBAX. Prospectus, as of February 27, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.60% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.18% |
| Gross expense ratio | 1.03% |
| Fee waiver | — |
| Net expense ratio | 1.03% |
| 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 | Yes |
MNBAX Costs Over Time
On $10,000 invested in MNBAX, assuming 5% a year before costs, total costs come to $662 over 5 years, cutting the return by 1.11% 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 1.03%) | $108 | $337 | $584 |
| Trading costs (broker commissions) | $3 | $10 | $17 |
| Lost growth on money paid in costs | $0 | $17 | $61 |
| Total costs | $111 | $364 | $662 |
| Value after costs | $10,389 | $11,212 | $12,101 |
| Impact on return, per year | 1.11% | 1.11% | 1.11% |
MNBAX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending October 31, 2025.
- Explicit cost rate (commissions ÷ average net assets): 0.0292%
- Total broker commissions: $154K
- Bought from dealers (principal trades, not a cost): $361.7M
- Portfolio turnover (prospectus): 78%
- Securities lending: none during the year
MNBAX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| SANFORD C. BERNSTEIN & CO., LLC | $22K | 16.25% |
| J.P. MORGAN SECURITIES LLC | $18K | 13.61% |
| BARCLAYS CAPITAL, INC. | $16K | 12.34% |
| CITIGROUP GLOBAL MARKETS INC. | $14K | 10.47% |
| BOFA SECURITIES, INC. | $13K | 9.87% |
| BMO CAPITAL MARKETS CORP. | $13K | 9.82% |
| MORGAN STANLEY & CO. LLC | $12K | 8.86% |
| JEFFERIES LLC | $10K | 7.41% |
| GOLDMAN SACHS & CO. LLC | $8K | 5.92% |
| CLSA AMERICAS, LLC | $7K | 5.45% |
MNBAX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| STONEX FINANCIAL INC. | $116.1M | 36.26% |
| BMO CAPITAL MARKETS CORP. | $69.1M | 21.58% |
| CITADEL SECURITIES LLC | $48.3M | 15.09% |
| WELLS FARGO SECURITIES, LLC | $19.9M | 6.22% |
| SANTANDER INVESTMENT SECURITIES INC. | $15.8M | 4.94% |
| BARCLAYS CAPITAL, INC. | $15.2M | 4.75% |
| TD SECURITIES (USA) LLC | $10.8M | 3.36% |
| NOMURA SECURITIES INTERNATIONAL, INC. | $10.6M | 3.30% |
| BOFA SECURITIES, INC. | $8.2M | 2.56% |
| J.P. Morgan Securities LLC | $6.2M | 1.94% |
Pro-Blend Extended Term Series Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| MNBWX | Class W | 0.10% | — |
| MNBIX | Class I | 0.79% | — |
| MNBAX | Class S | 1.03% | — |
| MNBRX | Class R | 1.28% | — |
| MNECX | Class L | 1.80% | — |
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.