MGILX Fees and Costs — Corporate Bond Portfolio, Class L
Data updated: 2026-08-21
The net expense ratio is 1.47%: a 0.38% management fee, a 0.50% 12b-1 fee plus 0.80% other expenses, less a 0.20% fee waiver. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $9K in broker commissions, 0.0071% of average net assets, and portfolio turnover was 117%.
MGILX Fees and Expenses
Annual operating expenses and sales charges of MGILX. Prospectus, as of September 30, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.38% |
| 12b-1 fee | 0.50% |
| Other expenses | 0.80% |
| Gross expense ratio | 1.67% |
| Fee waiver | −0.20% |
| Net expense ratio | 1.47% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| Max deferred load | 0.00% |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | No |
MGILX Costs Over Time
On $10,000 invested in MGILX, assuming 5% a year before costs, total costs come to $915 over 5 years, cutting the return by 1.55% 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 1.47%) | $154 | $479 | $827 |
| Trading costs (broker commissions) | $1 | $2 | $4 |
| Lost growth on money paid in costs | $0 | $24 | $84 |
| Total costs | $155 | $505 | $915 |
| Value after costs | $10,345 | $11,071 | $11,848 |
| Impact on return, per year | 1.55% | 1.55% | 1.55% |
MGILX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending September 30, 2025.
- Explicit cost rate (commissions ÷ average net assets): 0.0071%
- Total broker commissions: $9K
- Bought from dealers (principal trades, not a cost): $422.4M
- Portfolio turnover (prospectus): 117%
- Securities on loan, average value: $2.1M
- Net income from securities lending: $10K (0.008% of average net assets)
MGILX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Goldman Sachs & Co. LLC | $9K | 100.00% |
MGILX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| State Street Bank and Trust Company | $110.0M | 31.53% |
| BofA Securities, Inc. | $60.7M | 17.41% |
| J.P. Morgan Securities LLC | $36.1M | 10.34% |
| Goldman Sachs & Co. LLC | $31.5M | 9.02% |
| Barclays Capital Inc. | $23.5M | 6.73% |
| Wells Fargo Securities, LLC | $19.0M | 5.43% |
| BNP Paribas Securities Corp. | $18.0M | 5.17% |
| Deutsche Bank Securities Inc. | $17.8M | 5.11% |
| RBC Capital Markets, LLC | $17.0M | 4.87% |
| Citigroup Global Markets Inc. | $15.3M | 4.38% |
Corporate Bond Portfolio Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| MPFDX | Class I | 0.65% | none |
| MIGAX | Class A | 1.00% | 3.25% |
| MGILX | Class L | 1.47% | none |
| MSBOX | Class C | 1.75% | none |
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.