MNCIX Fees and Costs — Pro-Blend Conservative Term Series, Class I
Data updated: 2026-09-22
The net expense ratio is 0.65%: a 0.40% management fee plus 0.25% other expenses. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $33K in broker commissions, 0.0105% of average net assets, and portfolio turnover was 48%.
MNCIX Fees and Expenses
Annual operating expenses and sales charges of MNCIX. Prospectus, as of February 27, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.40% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.25% |
| Gross expense ratio | 0.65% |
| Fee waiver | — |
| Net expense ratio | 0.65% |
| 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 |
MNCIX Costs Over Time
On $10,000 invested in MNCIX, assuming 5% a year before costs, total costs come to $416 over 5 years, cutting the return by 0.69% 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 0.65%) | $68 | $214 | $372 |
| Trading costs (broker commissions) | $1 | $3 | $6 |
| Lost growth on money paid in costs | $0 | $11 | $38 |
| Total costs | $69 | $228 | $416 |
| Value after costs | $10,431 | $11,348 | $12,347 |
| Impact on return, per year | 0.69% | 0.69% | 0.69% |
MNCIX 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): 0.0105%
- Total broker commissions: $33K
- Bought from dealers (principal trades, not a cost): $203.7M
- Portfolio turnover (prospectus): 48%
- Securities lending: none during the year
MNCIX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| SANFORD C. BERNSTEIN & CO., LLC | $5K | 16.22% |
| BARCLAYS CAPITAL, INC. | $4K | 12.19% |
| J.P. MORGAN SECURITIES LLC | $4K | 12.08% |
| CITIGROUP GLOBAL MARKETS INC. | $3K | 11.85% |
| BOFA SECURITIES, INC. | $3K | 10.54% |
| BMO CAPITAL MARKETS CORP. | $3K | 9.30% |
| MORGAN STANLEY & CO. LLC | $3K | 8.94% |
| JEFFERIES LLC | $2K | 7.42% |
| GOLDMAN SACHS & CO. LLC | $2K | 5.86% |
| CLSA AMERICAS, LLC | $2K | 5.60% |
MNCIX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| STONEX FINANCIAL INC. | $44.9M | 27.37% |
| TD SECURITIES (USA) LLC | $27.1M | 16.51% |
| CITADEL SECURITIES LLC | $24.5M | 14.94% |
| CitiGroup Global Markets Inc. | $15.4M | 9.39% |
| WELLS FARGO SECURITIES, LLC | $14.6M | 8.89% |
| BOFA SECURITIES, INC. | $10.9M | 6.67% |
| SANTANDER INVESTMENT SECURITIES INC. | $7.7M | 4.70% |
| DEUTSCHE BANK SECURITIES, INC. | $7.1M | 4.30% |
| MUFG SECURITIES AMERICAS INC. | $6.7M | 4.10% |
| GOLDMAN SACHS & CO. LLC | $5.1M | 3.14% |
Pro-Blend Conservative 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 |
|---|---|---|---|
| MNCWX | Class W | 0.10% | — |
| MNCIX | Class I | 0.65% | — |
| EXDAX | Class S | 0.90% | — |
| MNCRX | Class R | 1.10% | — |
| MNCCX | Class L | 1.62% | — |
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.