MPEXX Fees and Costs — Prime Portfolio, Institutional Select Class
Data updated: 2026-02-27
The net expense ratio is 0.25% (0.27% before fee waivers). There are no sales loads or redemption fees.
MPEXX Fees and Expenses
Annual operating expenses and sales charges of MPEXX. Prospectus, as of October 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.15% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.07% |
| Gross expense ratio | 0.27% |
| Fee waiver | −0.02% |
| Net expense ratio | 0.25% |
| 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 | No |
MPEXX Costs Over Time
On $10,000 invested in MPEXX, assuming 5% a year before costs, total costs come to $159 over 5 years, cutting the return by 0.26% 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 0.25%) | $26 | $83 | $144 |
| Lost growth on money paid in costs | $0 | $4 | $14 |
| Total costs | $26 | $87 | $159 |
| Value after costs | $10,474 | $11,490 | $12,604 |
| Impact on return, per year | 0.26% | 0.26% | 0.26% |
MPEXX 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): —
- Total broker commissions: —
- Bought from dealers (principal trades, not a cost): $1.09T
- Portfolio turnover (prospectus): —
- Securities lending: none during the year
MPEXX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Wells Fargo Securities, LLC | $167.1B | 18.02% |
| Scotia Capital (USA) Inc. | $140.9B | 15.19% |
| MUFG Securities Americas Inc. | $133.5B | 14.39% |
| ABN AMRO Securities (USA) LLC | $129.8B | 14.00% |
| Mizuho Securities USA LLC | $83.9B | 9.04% |
| SG Americas Securities, LLC | $70.0B | 7.55% |
| TD Securities (USA) LLC | $59.8B | 6.45% |
| Barclays Capital Inc. | $53.5B | 5.76% |
| Citigroup Global Markets Inc. | $50.0B | 5.40% |
| HSBC Securities (USA) Inc. | $38.9B | 4.20% |
Prime Portfolio Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| CASXX | CastleOak Share Class | 0.20% | — |
| IMTXX | Impact Class | 0.20% | — |
| IPYXX | Impact Partner Class | 0.20% | — |
| MPFXX | Institutional Class | 0.20% | — |
| MPEXX | Institutional Select Class | 0.25% | — |
| MPVXX | C000011676 | 0.30% | — |
| MPMXX | C000011672 | 0.35% | — |
| MSPXX | Cash Management Class | 0.35% | — |
| MAVXX | Advisory Class | 0.45% | — |
| MPNXX | C000011675 | 0.70% | — |
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.