MPSIX Fees and Costs — MidCap S&P 400 Index Fund, Institutional Class
Data updated: 2026-09-25
The net expense ratio is 0.25%: a 0.15% management fee plus 0.10% other expenses. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $127K in broker commissions, 0.0102% of average net assets, and portfolio turnover was 16%.
MPSIX Fees and Expenses
Annual operating expenses and sales charges of MPSIX. Prospectus, as of March 1, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.15% |
| 12b-1 fee | — |
| Other expenses | 0.10% |
| Gross expense ratio | 0.25% |
| Fee waiver | — |
| Net expense ratio | 0.25% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | 0.00% |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | No |
MPSIX Costs Over Time
On $10,000 invested in MPSIX, assuming 5% a year before costs, total costs come to $165 over 5 years, cutting the return by 0.27% 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 |
| Trading costs (broker commissions) | $1 | $3 | $6 |
| Lost growth on money paid in costs | $0 | $4 | $15 |
| Total costs | $27 | $90 | $165 |
| Value after costs | $10,473 | $11,486 | $12,598 |
| Impact on return, per year | 0.27% | 0.27% | 0.27% |
MPSIX 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): 0.0102%
- Total broker commissions: $127K
- Bought from dealers (principal trades, not a cost): $218.8M
- Portfolio turnover (prospectus): 16%
- Securities on loan, average value: $3.3M
- Net income from securities lending: $21K (0.002% of average net assets)
MPSIX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| OPPENHEIMER & CO. | $28K | 25.72% |
| PIPER SANDLER COS | $22K | 19.77% |
| RAYMOND JAMES & ASSOCIATES | $20K | 17.79% |
| STIFEL NICOLAUS & COMPANY | $12K | 10.56% |
| JEFFERIES & COMPANY | $8K | 6.78% |
| J.P. MORGAN SECURITIES LLC | $5K | 4.79% |
| CITIGROUP GLOBAL MARKETS | $5K | 4.43% |
| MERRILL LYNCH PIERCE FENNER & SMITH | $5K | 4.41% |
| TELSEY ADVISORY GROUP | $4K | 3.59% |
| EVERCORE PARTNERS | $2K | 2.17% |
MPSIX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| SANFORD C. BERNSTEIN & CO. | $75.3M | 36.74% |
| GOLDMAN SACHS CO. | $69.8M | 34.05% |
| RAYMOND JAMES & ASSOCIATES | $37.1M | 18.12% |
| WELLS FARGO SECURITIES LLC | $16.1M | 7.84% |
| CIBC WORLD MARKETS CORP | $5.9M | 2.88% |
| MACQUARIE GROUP LTD. | $709K | 0.35% |
| BARCLAYS CAPITAL INC. | $48K | 0.02% |
MidCap S&P 400 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 |
|---|---|---|---|
| PMAPX | Class R-6 | 0.16% | — |
| MPSIX | Institutional Class | 0.25% | — |
| PMFJX | Class J | 0.38% | — |
| PMFPX | Class R-5 | 0.42% | — |
| PMFMX | Class R-3 | 0.73% | — |
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.