MGKIX Fees and Costs — Global Permanence Portfolio, Class I
Data updated: 2026-08-21
The net expense ratio is 1.00%: a 0.80% management fee plus 7.36% other expenses, less a 7.16% fee waiver. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $1K in broker commissions, 0.0299% of average net assets, and portfolio turnover was 86%.
MGKIX Fees and Expenses
Annual operating expenses and sales charges of MGKIX. Prospectus, as of December 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.80% |
| 12b-1 fee | 0.00% |
| Other expenses | 7.36% |
| Gross expense ratio | 8.16% |
| Fee waiver | −7.16% |
| Net expense ratio | 1.00% |
| 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 |
MGKIX Costs Over Time
On $10,000 invested in MGKIX, assuming 5% a year before costs, total costs come to $644 over 5 years, cutting the return by 1.08% 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 1.00%) | $105 | $328 | $568 |
| Trading costs (broker commissions) | $3 | $10 | $17 |
| Lost growth on money paid in costs | $0 | $17 | $59 |
| Total costs | $108 | $354 | $644 |
| Value after costs | $10,392 | $11,222 | $12,119 |
| Impact on return, per year | 1.08% | 1.08% | 1.08% |
MGKIX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending December 31, 2025.
- Explicit cost rate (commissions ÷ average net assets): 0.0299%
- Total broker commissions: $1K
- Bought from dealers (principal trades, not a cost): $4.2M
- Portfolio turnover (prospectus): 86%
- Securities lending: none during the year
MGKIX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Jefferies LLC | $230 | 23.01% |
| RBC Capital Markets, LLC | $168 | 16.81% |
| Goldman Sachs & Co. LLC | $117 | 11.69% |
| Penserra Securities LLC | $104 | 10.34% |
| BofA Securities, Inc. | $88 | 8.76% |
| J.P. Morgan Securities LLC | $84 | 8.41% |
| BTIG, LLC | $70 | 6.94% |
| UBS Securities LLC | $50 | 4.95% |
| SG Americas Securities, LLC | $47 | 4.70% |
| Barclays Capital Inc. | $44 | 4.37% |
MGKIX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| State Street Bank and Trust Company | $4.0M | 96.09% |
| Goldman Sachs & Co. LLC | $145K | 3.49% |
| J.P. Morgan Securities LLC | $18K | 0.42% |
Global Permanence Portfolio Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| MGKQX | Class R6 | 0.95% | none |
| MGKIX | Class I | 1.00% | none |
| MGKAX | Class A | 1.35% | 5.25% |
| MGKCX | Class C | 2.10% | 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.