CPOAX Fees and Costs — Morgan Stanley Insight Fund, Class A
Data updated: 2026-08-21
The net expense ratio is 1.16%: a 0.65% management fee, a 0.25% 12b-1 fee plus 0.26% other expenses. This share class carries a maximum front-end sales load of 5.25% and a deferred sales charge of up to 1.00%. In fiscal 2025 the fund paid $674K in broker commissions, 0.0468% of average net assets, and portfolio turnover was 48%.
CPOAX Fees and Expenses
Annual operating expenses and sales charges of CPOAX. Prospectus, as of December 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.65% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.26% |
| Gross expense ratio | 1.16% |
| Fee waiver | — |
| Net expense ratio | 1.16% |
| Sales charges | |
|---|---|
| Max front load | 5.25% |
| Max deferred load | 1.00% |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | No |
CPOAX Costs Over Time
On $10,000 invested in CPOAX, assuming 5% a year before costs, total costs come to $1,382 over 5 years, cutting the return by 2.38% 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 |
| Sales charges | $623 | $525 | $525 |
| Fund expenses (net expense ratio 1.16%) | $115 | $359 | $622 |
| Trading costs (broker commissions) | $5 | $14 | $25 |
| Lost growth on money paid in costs | $26 | $101 | $210 |
| Total costs | $770 | $1,000 | $1,382 |
| Value after costs | $9,730 | $10,576 | $11,380 |
| Impact on return, per year | 7.70% | 3.12% | 2.38% |
CPOAX 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): 0.0468%
- Total broker commissions: $674K
- Bought from dealers (principal trades, not a cost): $1.2B
- Portfolio turnover (prospectus): 48%
- Securities on loan, average value: $8.4M
- Net income from securities lending: $404K (0.028% of average net assets)
CPOAX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| RBC Capital Markets, LLC | $98K | 18.81% |
| Jefferies LLC | $90K | 17.34% |
| UBS Securities LLC | $85K | 16.37% |
| J.P. Morgan Securities LLC | $82K | 15.62% |
| Goldman Sachs & Co. LLC | $49K | 9.37% |
| BMO Capital Markets Corp. | $33K | 6.38% |
| TD Securities (USA) LLC | $26K | 4.92% |
| Stifel, Nicolaus & Company, Incorporated | $21K | 3.95% |
| BTIG, LLC | $20K | 3.81% |
| BofA Securities, Inc. | $18K | 3.43% |
CPOAX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| State Street Bank and Trust Company | $1.1B | 95.05% |
| Goldman Sachs & Co. LLC | $27.8M | 2.41% |
| J.P. Morgan Securities LLC | $26.1M | 2.26% |
| Leerink Partners LLC | $3.3M | 0.28% |
Morgan Stanley Insight Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| MCRTX | Class R6 | 0.82% | none |
| MBIRX | Class IR | 0.85% | — |
| CPODX | Class I | 0.89% | none |
| CPOAX | Class A | 1.16% | 5.25% |
| CPOCX | Class L | 1.67% | none |
| MSCMX | Class C | 1.90% | none |
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.