Expense Ratio History

MNREX expense ratio history

Real Estate Series, CLASS S

Fund company
Manning & Napier
Type
Mutual fund

1.14%

In basis points
114 basis points
Yearly cost per $10,000
$114
Prospectus dated
1 March 2024, filed with the SEC; rounded to 0.01%
Last change
Raised from 1.12% on 1 March 2024

Fee over time

MNREX expense ratio: 1.21% until 1 May 2012, then 1.19%; 1.19% until 1 May 2013, then 1.10%; 1.10% until 1 May 2014, then 1.13%; 1.13% until 1 May 2015, then 1.11%; 1.11% until 1 May 2016, then 1.09%; 1.09% until 1 May 2017, then 1.10%; 1.10% until 1 Mar 2019, then 1.11%; 1.11% until 1 Mar 2021, then 1.13%; 1.13% until 1 Mar 2022, then 1.11%; 1.11% until 1 Mar 2023, then 1.12%; 1.12% until 1 Mar 2024, then 1.14%; read at 1.14% on 1 Mar 2024.0.00%0.50%1.00%1.50%2.00%Apr 2011Jul 2013Oct 2015Jan 2018Apr 2020Jul 20221.21% before1.14% from 1 Mar 2024
MNREX expense ratio: 1.21% until 1 May 2012, then 1.19%; 1.19% until 1 May 2013, then 1.10%; 1.10% until 1 May 2014, then 1.13%; 1.13% until 1 May 2015, then 1.11%; 1.11% until 1 May 2016, then 1.09%; 1.09% until 1 May 2017, then 1.10%; 1.10% until 1 Mar 2019, then 1.11%; 1.11% until 1 Mar 2021, then 1.13%; 1.13% until 1 Mar 2022, then 1.11%; 1.11% until 1 Mar 2023, then 1.12%; 1.12% until 1 Mar 2024, then 1.14%; read at 1.14% on 1 Mar 2024.0.00%0.50%1.00%1.50%2.00%Apr 2011Sep 2015Feb 20201.21% before1.14% from 1 Mar 2024
Solid line: the fee in effect after each recorded change. Dashed: the fee before it. Dots: prospectuses filed with the SEC and dates we read the fee from a source.

Share classes

The same fund is sold as 4 share classes, each with its own fee. Figures are from each class's latest prospectus in SEC filings, rounded to 0.01%.

TickerShare classFeeAfter waiversProspectus dated
MNREX (this page) CLASS S 1.14% 1.10% 1 Mar 2024
MNRIX Class I 0.85% — 1 Mar 2024
MNRZX Class Z 0.74% 0.70% 1 Mar 2024
MNRWX Class W 0.74% 0.10% 1 Mar 2024

Every figure we've recorded

DateFeeWhat happened
1 Mar 2024 1.14% In the prospectusTotal annual fund operating expenses in the prospectus dated 2024-03-01 (form 485BPOS), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 485BPOS
1 Mar 2024 1.14% Raised from 1.12% to 1.14%Prospectus date; the new figure appears in this filingSource: Prospectus (form 485BPOS) filed with the SEC on 2024-02-28
1 Mar 2023 1.12% In the prospectusTotal annual fund operating expenses in the prospectus dated 2023-03-01 (form 485BPOS), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 485BPOS
1 Mar 2023 1.12% Raised from 1.11% to 1.12%Prospectus date; the new figure appears in this filingSource: Prospectus (form 485BPOS) filed with the SEC on 2023-02-27
1 Mar 2022 1.11% In the prospectusTotal annual fund operating expenses in the prospectus dated 2022-03-01 (form 485BPOS), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 485BPOS
1 Mar 2022 1.11% Cut from 1.13% to 1.11%Prospectus date; the new figure appears in this filingSource: Prospectus (form 485BPOS) filed with the SEC on 2022-02-25
1 Mar 2021 1.13% In the prospectusTotal annual fund operating expenses in the prospectus dated 2021-03-01 (form 485BPOS), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 485BPOS
1 Mar 2021 1.13% Raised from 1.11% to 1.13%Prospectus date; the new figure appears in this filingSource: Prospectus (form 485BPOS) filed with the SEC on 2021-02-25
1 Mar 2020 1.11% In the prospectusTotal annual fund operating expenses in the prospectus dated 2020-03-01 (form 485BPOS), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 485BPOS
1 Mar 2019 1.11% In the prospectusTotal annual fund operating expenses in the prospectus dated 2019-03-01 (form 485BPOS), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 485BPOS
1 Mar 2019 1.11% Raised from 1.10% to 1.11%Prospectus date; the new figure appears in this filingSource: Prospectus (form 485BPOS) filed with the SEC on 2019-03-19
1 May 2018 1.10% In the prospectusTotal annual fund operating expenses in the prospectus dated 2018-05-01 (form 485BPOS), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 485BPOS
1 May 2017 1.10% In the prospectusTotal annual fund operating expenses in the prospectus dated 2017-05-01 (form 485BPOS), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 485BPOS
1 May 2017 1.10% Raised from 1.09% to 1.10%Prospectus date; the new figure appears in this filingSource: Prospectus (form 485BPOS) filed with the SEC on 2017-05-11
1 May 2016 1.09% In the prospectusTotal annual fund operating expenses in the prospectus dated 2016-05-01 (form 485BPOS), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 485BPOS
1 May 2016 1.09% Cut from 1.11% to 1.09%Prospectus date; the new figure appears in this filingSource: Prospectus (form 485BPOS) filed with the SEC on 2016-05-16
1 May 2015 1.11% In the prospectusTotal annual fund operating expenses in the prospectus dated 2015-05-01 (form 485BPOS), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 485BPOS
1 May 2015 1.11% Cut from 1.13% to 1.11%Prospectus date; the new figure appears in this filingSource: Prospectus (form 485BPOS) filed with the SEC on 2015-05-14
7 Nov 2014 1.13% In the prospectusTotal annual fund operating expenses in the prospectus dated 2014-11-07 (form 485BPOS), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 485BPOS
1 May 2014 1.13% In the prospectusTotal annual fund operating expenses in the prospectus dated 2014-05-01 (form 497), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 497
1 May 2014 1.13% Raised from 1.10% to 1.13%Prospectus date; the new figure appears in this filingSource: Prospectus (form 497) filed with the SEC on 2014-05-21
1 May 2013 1.10% In the prospectusTotal annual fund operating expenses in the prospectus dated 2013-05-01 (form 485BPOS), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 485BPOS
1 May 2013 1.10% Cut from 1.19% to 1.10%Prospectus date; the new figure appears in this filingSource: Prospectus (form 485BPOS) filed with the SEC on 2013-05-20
1 Aug 2012 1.19% In the prospectusTotal annual fund operating expenses in the prospectus dated 2012-08-01 (form 485BPOS), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 485BPOS
1 May 2012 1.19% In the prospectusTotal annual fund operating expenses in the prospectus dated 2012-05-01 (form 497), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 497
1 May 2012 1.19% Cut from 1.21% to 1.19%Prospectus date; the new figure appears in this filingSource: Prospectus (form 497) filed with the SEC on 2012-11-08
1 May 2011 1.21% In the prospectusTotal annual fund operating expenses in the prospectus dated 2011-05-01 (form 497), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 497

What this fee costs

Change the amount, years or return. The estimate keeps the fee at 1.14% and the return steady each year, the same assumptions as the cost example in a fund's prospectus.

$1,392 in fees over 10 years

After fees, $10,000 grows to $14,564.

Fees paid on $10,000 at 5% a year
AfterFees paid
1 year$117
3 years$364
5 years$631
10 years$1,392

How we read this figure

The figure is the total annual fund operating expenses line of the fee table in the fund's prospectus, as tagged in the fund company's filing with the SEC. The SEC publishes these figures rounded to four decimal places, so 0.015% appears as 0.02%. The fund company's own page may show a more precise number.

SEC filings give 16 prospectuses for this share class since 2011. Each one is listed above with a link to the filing.

How we read fees

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