MIGIX Fees and Costs — Global Insight Portfolio, Class I
Data updated: 2026-08-21
The net expense ratio is 1.00%: a 0.80% management fee plus 0.73% other expenses, less a 0.53% fee waiver. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $46K in broker commissions, 0.0696% of average net assets, and portfolio turnover was 66%.
MIGIX Fees and Expenses
Annual operating expenses and sales charges of MIGIX. Prospectus, as of December 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.80% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.73% |
| Gross expense ratio | 1.53% |
| Fee waiver | −0.53% |
| 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 |
MIGIX Costs Over Time
On $10,000 invested in MIGIX, assuming 5% a year before costs, total costs come to $668 over 5 years, cutting the return by 1.12% 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 | $327 | $567 |
| Trading costs (broker commissions) | $7 | $23 | $39 |
| Lost growth on money paid in costs | $0 | $17 | $61 |
| Total costs | $112 | $367 | $668 |
| Value after costs | $10,388 | $11,209 | $12,095 |
| Impact on return, per year | 1.12% | 1.12% | 1.12% |
MIGIX 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): 0.0696%
- Total broker commissions: $46K
- Bought from dealers (principal trades, not a cost): $75.4M
- Portfolio turnover (prospectus): 66%
- Securities on loan, average value: $209K
- Net income from securities lending: $17K (0.026% of average net assets)
MIGIX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| J.P. Morgan Securities LLC | $9K | 25.41% |
| BMO Capital Markets Corp. | $5K | 12.69% |
| Jefferies LLC | $4K | 12.09% |
| Citigroup Global Markets Inc. | $4K | 11.36% |
| RBC Capital Markets, LLC | $4K | 11.32% |
| TD Securities (USA) LLC | $3K | 8.42% |
| Goldman Sachs & Co. LLC | $3K | 7.97% |
| Barclays Capital Inc. | $1K | 4.12% |
| BofA Securities, Inc. | $1K | 3.56% |
| BTIG, LLC | $1K | 3.06% |
MIGIX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| State Street Bank and Trust Company | $73.4M | 97.35% |
| Goldman Sachs & Co. LLC | $1.6M | 2.17% |
| J.P. Morgan Securities LLC | $208K | 0.28% |
| Leerink Partners LLC | $152K | 0.20% |
Global Insight Portfolio Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| MIGIX | Class I | 1.00% | none |
| MIGPX | Class A | 1.32% | 5.25% |
| MIGLX | Class L | 1.85% | none |
| MSPTX | Class C | 2.10% | none |
| MGZZX | Class R6 | — | — |
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.