MXXVX Fees and Costs — Matthew 25 Fund, N/a Class
Data updated: 2026-08-28
The net expense ratio is 1.10%. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $28K in broker commissions, 0.0090% of average net assets, and portfolio turnover was 15%.
MXXVX Fees and Expenses
Annual operating expenses and sales charges of MXXVX. Prospectus, as of May 1, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 1.00% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.10% |
| Gross expense ratio | — |
| Fee waiver | — |
| Net expense ratio | 1.10% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| Max deferred load | 0.00% |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | No |
| Fees waived or reduced during the year | No |
| Waived fees subject to recoupment | No |
MXXVX Costs Over Time
On $10,000 invested in MXXVX, assuming 5% a year before costs, total costs come to $692 over 5 years, cutting the return by 1.16% 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 1.10%) | $116 | $360 | $624 |
| Trading costs (broker commissions) | $1 | $3 | $5 |
| Lost growth on money paid in costs | $0 | $18 | $64 |
| Total costs | $116 | $381 | $692 |
| Value after costs | $10,384 | $11,195 | $12,071 |
| Impact on return, per year | 1.16% | 1.16% | 1.16% |
MXXVX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending December 31, 2025.
- Explicit cost rate (commissions ÷ average net assets): 0.0090%
- Total broker commissions: $28K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 15%
- Securities lending: none during the year
MXXVX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| BTIG, LLC | $28K | 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 Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date.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.