MRJIX Fees and Costs — Multi-Asset Real Return Portfolio, Class I
Data updated: 2025-08-22
The net expense ratio is 0.80%: a 0.60% management fee plus 1.70% other expenses, less a 1.50% fee waiver. There are no sales loads or redemption fees. In fiscal 2024 the fund paid $5K in broker commissions, 0.0240% of average net assets, and portfolio turnover was 310%.
MRJIX Fees and Expenses
Annual operating expenses and sales charges of MRJIX. Prospectus, as of April 30, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.60% |
| 12b-1 fee | 0.00% |
| Other expenses | 1.70% |
| Gross expense ratio | 2.30% |
| Fee waiver | −1.50% |
| Net expense ratio | 0.80% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| 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 |
MRJIX Costs Over Time
On $10,000 invested in MRJIX, assuming 5% a year before costs, total costs come to $517 over 5 years, cutting the return by 0.87% 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 0.80%) | $84 | $263 | $456 |
| Trading costs (broker commissions) | $3 | $8 | $14 |
| Lost growth on money paid in costs | $0 | $13 | $47 |
| Total costs | $87 | $284 | $517 |
| Value after costs | $10,413 | $11,292 | $12,246 |
| Impact on return, per year | 0.87% | 0.87% | 0.87% |
MRJIX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending December 31, 2024.
- Explicit cost rate (commissions ÷ average net assets): 0.0240%
- Total broker commissions: $5K
- Bought from dealers (principal trades, not a cost): $319.9M
- Portfolio turnover (prospectus): 310%
- Securities on loan, average value: $64K
- Net income from securities lending: $500 (0.002% of average net assets)
MRJIX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Goldman Sachs & Co. LLC | $2K | 42.37% |
| HSBC Securities (USA) Inc. | $1K | 26.93% |
| Barclays Capital Inc. | $1K | 24.00% |
| UBS Securities LLC | $297 | 5.84% |
| Sanford C. Bernstein & Co., LLC | $24 | 0.47% |
| Jefferies LLC | $20 | 0.39% |
MRJIX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| State Street Bank and Trust Company | $126.7M | 39.61% |
| BMO Capital Markets Corp. | $91.3M | 28.55% |
| Citigroup Global Markets Inc. | $32.2M | 10.08% |
| BNP Paribas Securities Corp. | $27.6M | 8.63% |
| Deutsche Bank Securities Inc. | $27.6M | 8.62% |
| Nomura Securities International, Inc. | $9.5M | 2.97% |
| BofA Securities, Inc. | $2.1M | 0.66% |
| UBS Securities LLC | $1.7M | 0.55% |
| Goldman Sachs & Co. LLC | $1.1M | 0.35% |
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.