FMGIX Fees and Costs — MFG Core Infrastructure Fund, Institutional Class
Data updated: 2026-09-09
The net expense ratio is 0.50%: a 0.50% management fee plus 0.28% other expenses, less a 0.28% fee waiver. This share class carries a redemption fee of 2.00%. In fiscal 2026 the fund paid $24K in broker commissions, 0.0168% of average net assets, and portfolio turnover was 13%.
FMGIX Fees and Expenses
Annual operating expenses and sales charges of FMGIX. Prospectus, as of October 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.50% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.28% |
| Gross expense ratio | 0.78% |
| Fee waiver | −0.28% |
| Net expense ratio | 0.50% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | 2.00% |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | Yes |
FMGIX Costs Over Time
On $10,000 invested in FMGIX, assuming 5% a year before costs, total costs come to $326 over 5 years, cutting the return by 0.54% 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 0.50%) | $52 | $165 | $287 |
| Trading costs (broker commissions) | $2 | $6 | $10 |
| Lost growth on money paid in costs | $0 | $8 | $30 |
| Total costs | $54 | $179 | $326 |
| Value after costs | $10,446 | $11,398 | $12,436 |
| Impact on return, per year | 0.54% | 0.54% | 0.54% |
FMGIX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending June 30, 2026.
- Explicit cost rate (commissions ÷ average net assets): 0.0168%
- Total broker commissions: $24K
- Bought from dealers (principal trades, not a cost): $89K
- Portfolio turnover (prospectus): 13%
- Securities lending: none during the year
FMGIX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Sanford C. Bernstein & Co., LLC | $5K | 20.02% |
| J.P. Morgan Securities LLC | $4K | 14.97% |
| Citigroup Global Markets, Inc. | $3K | 13.90% |
| UBS Financial Services, Inc. | $3K | 11.77% |
| Jefferies, LLC | $2K | 10.41% |
| Merrill Lynch, Pierce, Fenner & Smith, Inc. | $2K | 8.98% |
| ITG, Inc. | $2K | 7.57% |
| Morgan Stanley & Co., LLC | $1K | 5.61% |
| Macquarie Capital (USA), Inc. | $1K | 5.16% |
| Goldman Sachs & Co., LLC | $377 | 1.60% |
FMGIX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| J.P. Morgan Securities LLC | $89K | 100.00% |
MFG Core Infrastructure Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| FMGIX | Institutional Class | 0.50% | — |
| FCIVX | Service Class | 0.65% | — |
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.