MXAMX Fees and Costs — Empower Ariel Mid Cap Value Fund, Class L
Data updated: 2025-03-14
The net expense ratio is 1.28%: a 0.67% management fee, a 0.25% 12b-1 fee plus 0.70% other expenses, less a 0.34% fee waiver. There are no sales loads or redemption fees. In fiscal 2024 the fund paid $28K in broker commissions, 0.0248% of average net assets, and portfolio turnover was 20%.
MXAMX Fees and Expenses
Annual operating expenses and sales charges of MXAMX. Prospectus, as of April 30, 2020.
| Annual operating expenses | |
|---|---|
| Management fee | 0.67% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.70% |
| Gross expense ratio | 1.62% |
| Fee waiver | −0.34% |
| Net expense ratio | 1.28% |
| 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 | Yes |
MXAMX Costs Over Time
On $10,000 invested in MXAMX, assuming 5% a year before costs, total costs come to $811 over 5 years, cutting the return by 1.37% 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 1.28%) | $134 | $418 | $723 |
| Trading costs (broker commissions) | $3 | $8 | $14 |
| Lost growth on money paid in costs | $0 | $21 | $75 |
| Total costs | $137 | $447 | $811 |
| Value after costs | $10,363 | $11,129 | $11,952 |
| Impact on return, per year | 1.37% | 1.37% | 1.37% |
MXAMX 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): 0.0248%
- Total broker commissions: $28K
- Bought from dealers (principal trades, not a cost): $837K
- Portfolio turnover (prospectus): 20%
- Securities on loan, average value: $2.1M
- Net income from securities lending: $59K (0.052% of average net assets)
MXAMX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| INSTINET, LLC | $3K | 15.04% |
| RAYMOND JAMES & ASSOCIATES, INC. | $3K | 13.12% |
| JEFFERIES LLC | $2K | 11.76% |
| MERRILL LYNCH, PIERCE, FENNER & SMITH INCORPORATED | $2K | 11.23% |
| ROBERT W. BAIRD & CO. INCORPORATED | $2K | 11.00% |
| J.P. MORGAN SECURITIES LLC | $2K | 9.83% |
| MORGAN STANLEY & CO. LLC | $2K | 9.61% |
| CRAIG-HALLUM CAPITAL GROUP LLC | $2K | 7.46% |
| BANK OF MONTREAL | $1K | 5.65% |
| BARCLAYS CAPITAL INC. | $1K | 5.31% |
MXAMX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| INSTINET, LLC | $86K | 13.99% |
| RAYMOND JAMES & ASSOCIATES, INC. | $83K | 13.52% |
| MORGAN STANLEY & CO. LLC | $72K | 11.69% |
| JEFFERIES LLC | $68K | 11.19% |
| MERRILL LYNCH, PIERCE, FENNER & SMITH INCORPORATED | $68K | 11.19% |
| ROBERT W. BAIRD & CO. INCORPORATED | $68K | 11.08% |
| J.P. MORGAN SECURITIES LLC | $59K | 9.58% |
| CRAIG-HALLUM CAPITAL GROUP LLC | $40K | 6.46% |
| BANK OF MONTREAL | $38K | 6.22% |
| BARCLAYS CAPITAL INC. | $31K | 5.10% |
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.