MRVYX Fees and Costs — Mirova International Sustainable Equity Fund, Class Y
Data updated: 2025-08-29
The net expense ratio is 0.95%: a 0.80% management fee plus 1.18% other expenses, less a 1.03% fee waiver. There are no sales loads or redemption fees. In fiscal 2024 the fund paid $3K in broker commissions, 0.0175% of average net assets, and portfolio turnover was 33%.
MRVYX Fees and Expenses
Annual operating expenses and sales charges of MRVYX. Prospectus, as of April 30, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.80% |
| 12b-1 fee | 0.00% |
| Other expenses | 1.18% |
| Gross expense ratio | 1.98% |
| Fee waiver | −1.03% |
| Net expense ratio | 0.95% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| Max deferred load | 0.00% |
| Redemption fee | 0.00% |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | Yes |
MRVYX Costs Over Time
On $10,000 invested in MRVYX, assuming 5% a year before costs, total costs come to $606 over 5 years, cutting the return by 1.02% 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 0.95%) | $100 | $311 | $540 |
| Trading costs (broker commissions) | $2 | $6 | $10 |
| Lost growth on money paid in costs | $0 | $16 | $56 |
| Total costs | $102 | $333 | $606 |
| Value after costs | $10,398 | $11,243 | $12,157 |
| Impact on return, per year | 1.02% | 1.02% | 1.02% |
MRVYX 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): 0.0175%
- Total broker commissions: $3K
- Bought from dealers (principal trades, not a cost): $161.0M
- Portfolio turnover (prospectus): 33%
- Securities lending: none during the year
MRVYX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Barclays Capital Inc. | $1K | 43.80% |
| BofA Securities, Inc. | $864 | 29.24% |
| Morgan Stanley & Co. LLC | $628 | 21.28% |
| Citigroup Global Markets Inc. | $135 | 4.55% |
| J.P. Morgan Securities LLC | $21 | 0.71% |
| Goldman Sachs & Co. LLC | $10 | 0.32% |
| RBC Capital Markets, LLC | $3 | 0.10% |
MRVYX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| State Street Bank and Trust Company | $161.0M | 100.00% |
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.