MGQAX Fees and Costs — Global Stars Portfolio, Class A
Data updated: 2026-08-21
The net expense ratio is 1.15%: a 0.65% management fee, a 0.25% 12b-1 fee plus 0.98% other expenses, less a 0.73% fee waiver. This share class carries a maximum front-end sales load of 5.25% and a deferred sales charge of up to 1.00%. In fiscal 2025 the fund paid $11K in broker commissions, 0.0228% of average net assets, and portfolio turnover was 49%.
MGQAX Fees and Expenses
Annual operating expenses and sales charges of MGQAX. Prospectus, as of December 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.65% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.98% |
| Gross expense ratio | 1.88% |
| Fee waiver | −0.73% |
| Net expense ratio | 1.15% |
| Sales charges | |
|---|---|
| Max front load | 5.25% |
| Max deferred load | 1.00% |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | No |
MGQAX Costs Over Time
On $10,000 invested in MGQAX, assuming 5% a year before costs, total costs come to $1,363 over 5 years, cutting the return by 2.34% 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 | $623 | $525 | $525 |
| Fund expenses (net expense ratio 1.15%) | $114 | $356 | $617 |
| Trading costs (broker commissions) | $2 | $7 | $12 |
| Lost growth on money paid in costs | $26 | $101 | $209 |
| Total costs | $766 | $989 | $1,363 |
| Value after costs | $9,734 | $10,587 | $11,400 |
| Impact on return, per year | 7.66% | 3.08% | 2.34% |
MGQAX 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): 0.0228%
- Total broker commissions: $11K
- Bought from dealers (principal trades, not a cost): $37.5M
- Portfolio turnover (prospectus): 49%
- Securities lending: none during the year
MGQAX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| J.P. Morgan Securities LLC | $2K | 20.86% |
| UBS Securities LLC | $2K | 16.29% |
| Jefferies LLC | $2K | 14.56% |
| Goldman Sachs & Co. LLC | $1K | 14.23% |
| Citigroup Global Markets Inc. | $1K | 12.25% |
| CLSA Americas, LLC | $681 | 6.51% |
| BofA Securities, Inc. | $660 | 6.30% |
| Optiver V.O.F. | $436 | 4.17% |
| Macquarie Capital (USA) Inc. | $262 | 2.50% |
| HSBC Securities (USA) Inc. | $243 | 2.32% |
MGQAX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| State Street Bank and Trust Company | $37.5M | 100.00% |
Global Stars Portfolio Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| MGQSX | Class R6 | 0.75% | none |
| MGQIX | Class I | 0.80% | none |
| MGQAX | Class A | 1.15% | 5.25% |
| MGQLX | Class L | 1.65% | none |
| MSGQX | Class C | 1.90% | 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.