MNHYX Fees and Costs — High Yield Bond Series, Class S
Data updated: 2026-08-21
The net expense ratio is 0.88%: a 0.40% management fee, a 0.25% 12b-1 fee plus 0.22% other expenses. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $29K in broker commissions, 0.0021% of average net assets, and portfolio turnover was 92%.
MNHYX Fees and Expenses
Annual operating expenses and sales charges of MNHYX. Prospectus, as of March 13, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.40% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.22% |
| Gross expense ratio | 0.88% |
| Fee waiver | — |
| Net expense ratio | 0.88% |
| 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 |
MNHYX Costs Over Time
On $10,000 invested in MNHYX, assuming 5% a year before costs, total costs come to $553 over 5 years, cutting the return by 0.93% 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 0.88%) | $92 | $289 | $501 |
| Trading costs (broker commissions) | $0 | $1 | $1 |
| Lost growth on money paid in costs | $0 | $14 | $51 |
| Total costs | $93 | $304 | $553 |
| Value after costs | $10,407 | $11,273 | $12,210 |
| Impact on return, per year | 0.93% | 0.93% | 0.93% |
MNHYX 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): 0.0021%
- Total broker commissions: $29K
- Bought from dealers (principal trades, not a cost): $2.4B
- Portfolio turnover (prospectus): 92%
- Securities lending: none during the year
MNHYX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| RAYMOND JAMES & ASSOCIATES, INC. | $20K | 70.28% |
| BOFA SECURITIES, INC. | $9K | 29.72% |
MNHYX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| MORGAN STANLEY & CO. LLC | $219.3M | 14.57% |
| GOLDMAN SACHS & CO. LLC | $217.3M | 14.44% |
| JEFFERIES LLC | $195.7M | 13.00% |
| STIFEL FINANCIAL CORP. | $152.2M | 10.11% |
| J.P. Morgan Securities LLC | $140.4M | 9.33% |
| WELLS FARGO SECURITIES, LLC | $134.7M | 8.95% |
| BARCLAYS CAPITAL, INC. | $119.6M | 7.95% |
| CitiGroup Global Markets Inc. | $118.7M | 7.89% |
| MARKETAXESS CORPORATION | $116.7M | 7.75% |
| BOFA SECURITIES, INC. | $90.5M | 6.01% |
High Yield Bond Series Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| MHYWX | Class W | 0.11% | — |
| MHYZX | Class Z | 0.46% | — |
| MNHAX | Class I | 0.58% | — |
| MNHYX | Class S | 0.88% | — |
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.