FMSRX Fees and Costs — MFG Global Sustainable Fund, Service Class
Data updated: 2026-09-09
The net expense ratio is 0.95%: a 0.80% management fee plus 1.47% other expenses, less a 1.32% fee waiver. This share class carries a redemption fee of 2.00%. In fiscal 2026 the fund paid $5K in broker commissions, 0.0171% of average net assets, and portfolio turnover was 55%.
FMSRX Fees and Expenses
Annual operating expenses and sales charges of FMSRX. Prospectus, as of October 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.80% |
| 12b-1 fee | 0.00% |
| Other expenses | 1.47% |
| Gross expense ratio | 2.27% |
| Fee waiver | −1.32% |
| Net expense ratio | 0.95% |
| 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 |
FMSRX Costs Over Time
On $10,000 invested in FMSRX, assuming 5% a year before costs, total costs come to $605 over 5 years, cutting the return by 1.02% 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 0.95%) | $100 | $311 | $540 |
| Trading costs (broker commissions) | $2 | $6 | $10 |
| Lost growth on money paid in costs | $0 | $16 | $55 |
| Total costs | $102 | $333 | $605 |
| Value after costs | $10,398 | $11,244 | $12,157 |
| Impact on return, per year | 1.02% | 1.02% | 1.02% |
FMSRX 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): 0.0171%
- Total broker commissions: $5K
- Bought from dealers (principal trades, not a cost): $11.9M
- Portfolio turnover (prospectus): 55%
- Securities lending: none during the year
FMSRX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Merrill Lynch, Pierce, Fenner & Smith, Inc. | $779 | 14.98% |
| ITG, Inc. | $659 | 12.67% |
| J.P. Morgan Securities LLC | $658 | 12.65% |
| Morgan Stanley & Co., LLC | $612 | 11.77% |
| Sanford C. Bernstein & Co., LLC | $549 | 10.56% |
| Macquarie Capital (USA), Inc. | $441 | 8.48% |
| Citigroup Global Markets, Inc. | $400 | 7.69% |
| Jefferies, LLC | $379 | 7.29% |
| UBS Financial Services, Inc. | $378 | 7.27% |
| Goldman Sachs & Co., LLC | $345 | 6.63% |
FMSRX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Merrill Lynch, Pierce, Fenner & Smith, Inc. | $11.8M | 99.11% |
| Citigroup Global Markets, Inc. | $106K | 0.89% |
MFG Global Sustainable Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| FMSGX | Institutional Class | 0.80% | — |
| FMSRX | Service Class | 0.95% | — |
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.