MXXIX Fees and Costs — Marsico Midcap Growth Focus Fund, Investor Class
Data updated: 2026-08-26
The net expense ratio is 1.31%: a 0.78% management fee, a 0.25% 12b-1 fee plus 0.27% other expenses. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $420K in broker commissions, 0.0975% of average net assets, and portfolio turnover was 106%.
MXXIX Fees and Expenses
Annual operating expenses and sales charges of MXXIX. Prospectus, as of January 31, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.78% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.27% |
| Gross expense ratio | 1.31% |
| Fee waiver | — |
| Net expense ratio | 1.31% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | No |
| Waived fees subject to recoupment | Yes |
MXXIX Costs Over Time
On $10,000 invested in MXXIX, assuming 5% a year before costs, total costs come to $873 over 5 years, cutting the return by 1.48% 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 1.31%) | $138 | $427 | $738 |
| Trading costs (broker commissions) | $10 | $32 | $55 |
| Lost growth on money paid in costs | $0 | $23 | $80 |
| Total costs | $148 | $482 | $873 |
| Value after costs | $10,352 | $11,094 | $11,890 |
| Impact on return, per year | 1.48% | 1.48% | 1.48% |
MXXIX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending September 30, 2025.
- Explicit cost rate (commissions ÷ average net assets): 0.0975%
- Total broker commissions: $420K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 106%
- Securities lending: none during the year
MXXIX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| JEFFERIES LLC | $82K | 19.38% |
| SANFORD C. BERNSTEIN AND CO., LLC | $80K | 18.98% |
| UBS SECURITIES LLC | $66K | 15.58% |
| BARCLAYS CAPITAL INC. | $63K | 14.91% |
| EVERCORE GROUP L.L.C. | $41K | 9.76% |
| MORGAN STANLEY AND CO. LLC | $40K | 9.53% |
| TD SECURITIES USA LLC | $25K | 6.03% |
| WILLIAM BLAIR | $17K | 3.95% |
| VIRTU AMERICAS, LLC | $8K | 1.83% |
| COWEN AND COMPANY, LLC | $190 | 0.05% |
Marsico Midcap Growth Focus Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| MIDFX | Institutional Class | 1.06% | — |
| MXXIX | Investor Class | 1.31% | — |
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.