MGPOX Fees and Costs — Global Strategist Portfolio, Class R6
Data updated: 2026-08-21
The net expense ratio is 0.68%: a 0.45% management fee plus 0.23% other expenses. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $94K in broker commissions, 0.0168% of average net assets, and portfolio turnover was 92%.
MGPOX Fees and Expenses
Annual operating expenses and sales charges of MGPOX. Prospectus, as of September 30, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.45% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.23% |
| Gross expense ratio | 0.68% |
| Fee waiver | — |
| Net expense ratio | 0.68% |
| 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 |
MGPOX Costs Over Time
On $10,000 invested in MGPOX, assuming 5% a year before costs, total costs come to $439 over 5 years, cutting the return by 0.73% 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 0.68%) | $71 | $223 | $389 |
| Trading costs (broker commissions) | $2 | $6 | $10 |
| Lost growth on money paid in costs | $0 | $11 | $40 |
| Total costs | $73 | $240 | $439 |
| Value after costs | $10,427 | $11,336 | $12,324 |
| Impact on return, per year | 0.73% | 0.73% | 0.73% |
MGPOX 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): 0.0168%
- Total broker commissions: $94K
- Bought from dealers (principal trades, not a cost): $1.3B
- Portfolio turnover (prospectus): 92%
- Securities lending: none during the year
MGPOX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Goldman Sachs & Co. LLC | $42K | 44.60% |
| HSBC Securities (USA) Inc. | $29K | 31.57% |
| State Street Bank and Trust Company | $6K | 6.39% |
| J.P. Morgan Securities LLC | $4K | 4.09% |
| Barclays Capital Inc. | $4K | 3.93% |
| Sanford C. Bernstein & Co., LLC | $3K | 3.21% |
| Jefferies LLC | $2K | 2.30% |
| BofA Securities, Inc. | $2K | 2.28% |
| UBS Securities LLC | $847 | 0.91% |
| Citigroup Global Markets Inc. | $660 | 0.71% |
MGPOX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| State Street Bank and Trust Company | $508.2M | 40.89% |
| Goldman Sachs & Co. LLC | $142.0M | 11.43% |
| Wells Fargo Securities, LLC | $136.1M | 10.95% |
| J.P. Morgan Securities LLC | $131.5M | 10.59% |
| BofA Securities, Inc. | $95.0M | 7.65% |
| BNP Paribas Securities Corp. | $60.4M | 4.86% |
| Barclays Capital Inc. | $56.6M | 4.55% |
| Citigroup Global Markets Inc. | $53.0M | 4.26% |
| Mizuho Securities USA LLC | $33.3M | 2.68% |
| Nomura Securities International, Inc. | $26.6M | 2.14% |
Global Strategist Portfolio Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| MGPOX | Class R6 | 0.68% | — |
| MPBAX | Class I | 0.74% | none |
| MBAAX | Class A | 1.05% | 5.25% |
| MSDLX | Class L | 1.58% | none |
| MSSOX | Class C | 1.84% | 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.