MTILX Fees and Costs — Global Infrastructure Portfolio, Class L
Data updated: 2024-11-27
The net expense ratio is 1.78%: a 0.85% management fee, a 0.75% 12b-1 fee plus 0.41% other expenses, less a 0.23% fee waiver. There are no sales loads or redemption fees. In fiscal 2023 the fund paid $120K in broker commissions, 0.0469% of average net assets, and portfolio turnover was 42%.
MTILX Fees and Expenses
Annual operating expenses and sales charges of MTILX. Prospectus, as of April 30, 2024.
| Annual operating expenses | |
|---|---|
| Management fee | 0.85% |
| 12b-1 fee | 0.75% |
| Other expenses | 0.41% |
| Gross expense ratio | 2.01% |
| Fee waiver | −0.23% |
| Net expense ratio | 1.78% |
| 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 |
MTILX Costs Over Time
On $10,000 invested in MTILX, assuming 5% a year before costs, total costs come to $1,124 over 5 years, cutting the return by 1.92% 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 1.78%) | $187 | $578 | $994 |
| Trading costs (broker commissions) | $5 | $15 | $26 |
| Lost growth on money paid in costs | $0 | $30 | $104 |
| Total costs | $192 | $623 | $1,124 |
| Value after costs | $10,308 | $10,953 | $11,639 |
| Impact on return, per year | 1.92% | 1.92% | 1.92% |
MTILX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending December 31, 2023.
- Explicit cost rate (commissions ÷ average net assets): 0.0469%
- Total broker commissions: $120K
- Bought from dealers (principal trades, not a cost): $154.6M
- Portfolio turnover (prospectus): 42%
- Securities on loan, average value: $5.2M
- Net income from securities lending: $29K (0.011% of average net assets)
MTILX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| BofA Securities, Inc. | $19K | 18.98% |
| Jefferies LLC | $16K | 15.98% |
| Barclays Capital Inc. | $13K | 12.87% |
| Citigroup Global Markets Inc. | $12K | 12.58% |
| J.P. Morgan Securities LLC | $11K | 11.24% |
| UBS Securities LLC | $6K | 6.28% |
| Virtu Americas LLC | $6K | 5.94% |
| Goldman Sachs & Co. LLC | $6K | 5.92% |
| Mizuho Securities USA LLC | $5K | 5.42% |
| BNY Mellon Capital Markets, LLC | $5K | 4.79% |
MTILX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| State Street Bank and Trust Company | $153.6M | 99.36% |
| Wells Fargo Securities, LLC | $639K | 0.41% |
| RBC Capital Markets, LLC | $350K | 0.23% |
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.