MCGFX Fees and Costs — AMG Montrusco Bolton Large Cap Growth Fund, Class N
Data updated: 2026-09-25
The net expense ratio is 0.90%: a 0.47% management fee, a 0.15% 12b-1 fee plus 0.34% other expenses, less a 0.06% fee waiver. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $97K in broker commissions, 0.0473% of average net assets, and portfolio turnover was 97%.
MCGFX Fees and Expenses
Annual operating expenses and sales charges of MCGFX. Prospectus, as of October 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.47% |
| 12b-1 fee | 0.15% |
| Other expenses | 0.34% |
| Gross expense ratio | 0.96% |
| Fee waiver | −0.06% |
| Net expense ratio | 0.90% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | Yes |
MCGFX Costs Over Time
On $10,000 invested in MCGFX, assuming 5% a year before costs, total costs come to $593 over 5 years, cutting the return by 0.99% 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 0.90%) | $94 | $295 | $512 |
| Trading costs (broker commissions) | $5 | $16 | $27 |
| Lost growth on money paid in costs | $0 | $15 | $54 |
| Total costs | $99 | $326 | $593 |
| Value after costs | $10,401 | $11,250 | $12,170 |
| Impact on return, per year | 0.99% | 0.99% | 0.99% |
MCGFX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending October 31, 2025.
- Explicit cost rate (commissions ÷ average net assets): 0.0473%
- Total broker commissions: $97K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 97%
- Securities on loan, average value: $1.5M
- Net income from securities lending: $2K (0.001% of average net assets)
MCGFX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| MORGAN STANLEY & CO. LLC | $21K | 22.37% |
| REDBURN (USA) LLC | $17K | 18.03% |
| INSTINET, LLC | $14K | 14.30% |
| SANFORD C. BERNSTEIN & CO., LLC | $13K | 14.09% |
| Raymond James (USA) Ltd. | $7K | 7.38% |
| GOLDMAN SACHS & CO. LLC | $6K | 6.26% |
| PIPER SANDLER & CO. | $6K | 5.83% |
| Merrill Lynch Pierce Fenner & Smith Inc | $5K | 5.35% |
| EVERCORE GROUP LLC | $5K | 5.22% |
| RBC CAPITAL MARKETS, LLC | $1K | 1.16% |
AMG Montrusco Bolton Large Cap Growth Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| GWSZX | C000271637 | 0.67% | — |
| MCGIX | Class I | 0.73% | — |
| MCGFX | Class N | 0.90% | — |
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.