MCLGX Fees and Costs — Emerging Markets Fund, Class C
Data updated: 2023-07-12
The net expense ratio is 2.15%: a 0.99% management fee, a 1.00% 12b-1 fee plus 0.53% other expenses, less a 0.37% fee waiver. This share class carries a deferred sales charge of up to 1.00%. In fiscal 2023 the fund paid $127K in broker commissions, 0.3799% of average net assets, and portfolio turnover was 106%.
MCLGX Fees and Expenses
Annual operating expenses and sales charges of MCLGX. Prospectus, as of April 30, 2022.
| Annual operating expenses | |
|---|---|
| Management fee | 0.99% |
| 12b-1 fee | 1.00% |
| Other expenses | 0.53% |
| Gross expense ratio | 2.52% |
| Fee waiver | −0.37% |
| Net expense ratio | 2.15% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| 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 | Yes |
MCLGX Costs Over Time
On $10,000 invested in MCLGX, assuming 5% a year before costs, total costs come to $1,535 over 5 years, cutting the return by 2.66% 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 | $102 | $0 | $0 |
| Fund expenses (net expense ratio 2.15%) | $226 | $693 | $1,183 |
| Trading costs (broker commissions) | $40 | $122 | $209 |
| Lost growth on money paid in costs | $0 | $41 | $143 |
| Total costs | $368 | $857 | $1,535 |
| Value after costs | $10,132 | $10,720 | $11,228 |
| Impact on return, per year | 3.68% | 2.66% | 2.66% |
MCLGX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending April 30, 2023.
- Explicit cost rate (commissions ÷ average net assets): 0.3799%
- Total broker commissions: $127K
- Bought from dealers (principal trades, not a cost): $303K
- Portfolio turnover (prospectus): 106%
- Securities lending: none during the year
MCLGX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| UBS Securities LLC | $13K | 16.37% |
| Citigroup Global Markets Inc. | $11K | 13.71% |
| Morgan Stanley & Co. LLC | $11K | 13.60% |
| HSBC Securities (USA) Inc. | $8K | 9.93% |
| Macquarie Capital (USA) Inc. | $7K | 9.09% |
| Goldman Sachs & Co. LLC | $7K | 8.57% |
| Daiwa Capital Markets America Inc. | $6K | 7.82% |
| Jefferies LLC | $6K | 7.38% |
| J.P. Morgan Securities LLC | $6K | 7.08% |
| CLSA Americas, LLC | $5K | 6.47% |
MCLGX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Liquidnet, Inc. | $161K | 53.23% |
| XTELLUS CAPITAL PARTNERS, INC. | $96K | 31.70% |
| LIQUIDITY FINANCE LLP | $46K | 15.07% |
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.