MGETX Fees and Costs — Global Real Estate Portfolio, Class II
Data updated: 2024-11-27
The net expense ratio is 1.10%: a 0.65% management fee, a 0.25% 12b-1 fee plus 0.84% other expenses, less a 0.64% fee waiver. There are no sales loads or redemption fees. In fiscal 2023 the fund paid $32K in broker commissions, 0.0886% of average net assets, and portfolio turnover was 73%.
MGETX Fees and Expenses
Annual operating expenses and sales charges of MGETX. Prospectus, as of April 30, 2024.
| Annual operating expenses | |
|---|---|
| Management fee | 0.65% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.84% |
| Gross expense ratio | 1.74% |
| Fee waiver | −0.64% |
| Net expense ratio | 1.10% |
| 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 | No |
MGETX Costs Over Time
On $10,000 invested in MGETX, assuming 5% a year before costs, total costs come to $741 over 5 years, cutting the return by 1.25% 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 1.10%) | $116 | $360 | $622 |
| Trading costs (broker commissions) | $9 | $29 | $50 |
| Lost growth on money paid in costs | $0 | $19 | $68 |
| Total costs | $125 | $408 | $741 |
| Value after costs | $10,375 | $11,168 | $12,022 |
| Impact on return, per year | 1.25% | 1.25% | 1.25% |
MGETX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending December 31, 2023.
- Explicit cost rate (commissions ÷ average net assets): 0.0886%
- Total broker commissions: $32K
- Bought from dealers (principal trades, not a cost): $15.3M
- Portfolio turnover (prospectus): 73%
- Securities on loan, average value: $357K
- Net income from securities lending: $2K (0.006% of average net assets)
MGETX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Jefferies LLC | $8K | 29.23% |
| Barclays Capital Inc. | $4K | 13.62% |
| BofA Securities, Inc. | $3K | 12.71% |
| Citigroup Global Markets Inc. | $3K | 11.88% |
| Goldman Sachs & Co. LLC | $2K | 7.95% |
| Cantor Fitzgerald & Co. | $2K | 7.34% |
| UBS Securities LLC | $2K | 5.98% |
| J.P. Morgan Securities LLC | $1K | 5.32% |
| Evercore Group L.L.C. | $946 | 3.45% |
| RBC Capital Markets, LLC | $691 | 2.52% |
MGETX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| State Street Bank and Trust Company | $14.9M | 97.17% |
| J.P. Morgan Securities LLC | $98K | 0.64% |
| Nomura Securities International, Inc. | $86K | 0.56% |
| Van Lanschot Kempen (Usa) Inc. | $77K | 0.50% |
| Mizuho Securities USA LLC | $65K | 0.42% |
| Numis Securities Inc. | $43K | 0.28% |
| Berenberg Capital Markets LLC | $29K | 0.19% |
| SG Americas Securities, LLC | $18K | 0.12% |
| Daiwa Capital Markets America Inc. | $17K | 0.11% |
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.