MGGAX Fees and Costs — Mirova Global Green Bond Fund, Class A
Data updated: 2025-05-29
The net expense ratio is 0.90%: a 0.50% management fee, a 0.25% 12b-1 fee plus 0.62% other expenses, less a 0.47% fee waiver. This share class carries a maximum front-end sales load of 4.25%. Portfolio turnover was 10%.
MGGAX Fees and Expenses
Annual operating expenses and sales charges of MGGAX. Prospectus, as of April 30, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.50% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.62% |
| Gross expense ratio | 1.37% |
| Fee waiver | −0.47% |
| Net expense ratio | 0.90% |
| Sales charges | |
|---|---|
| Max front load | 4.25% |
| Max deferred load | 0.00% |
| Redemption fee | 0.00% |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | Yes |
MGGAX Costs Over Time
On $10,000 invested in MGGAX, assuming 5% a year before costs, total costs come to $1,083 over 5 years, cutting the return by 1.84% 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 | $425 | $425 | $425 |
| Fund expenses (net expense ratio 0.90%) | $90 | $283 | $491 |
| Lost growth on money paid in costs | $21 | $81 | $167 |
| Total costs | $537 | $789 | $1,083 |
| Value after costs | $9,963 | $10,788 | $11,680 |
| Impact on return, per year | 5.37% | 2.44% | 1.84% |
MGGAX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending December 31, 2024.
- Explicit cost rate (commissions ÷ average net assets): —
- Total broker commissions: —
- Bought from dealers (principal trades, not a cost): $166.7M
- Portfolio turnover (prospectus): 10%
- Securities lending: none during the year
MGGAX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| State Street Bank and Trust Company | $159.4M | 95.59% |
| Barclays Capital Inc. | $2.0M | 1.23% |
| Goldman Sachs & Co. LLC | $1.4M | 0.84% |
| Citigroup Global Markets Inc. | $1.4M | 0.84% |
| BofA Securities, Inc. | $898K | 0.54% |
| SG Americas Securities, LLC | $583K | 0.35% |
| HSBC Securities (USA) Inc. | $531K | 0.32% |
| J.P. Morgan Securities LLC | $488K | 0.29% |
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.