MMGTX Fees and Costs — Discovery Portfolio, Class II
Data updated: 2026-08-21
The net expense ratio is 1.05%: a 0.75% management fee, a 0.25% 12b-1 fee plus 0.38% other expenses, less a 0.33% fee waiver. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $131K in broker commissions, 0.0628% of average net assets, and portfolio turnover was 73%.
MMGTX Fees and Expenses
Annual operating expenses and sales charges of MMGTX. Prospectus, as of December 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.75% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.38% |
| Gross expense ratio | 1.38% |
| Fee waiver | −0.33% |
| Net expense ratio | 1.05% |
| 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 |
MMGTX Costs Over Time
On $10,000 invested in MMGTX, assuming 5% a year before costs, total costs come to $694 over 5 years, cutting the return by 1.17% 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 1.05%) | $110 | $344 | $595 |
| Trading costs (broker commissions) | $7 | $21 | $36 |
| Lost growth on money paid in costs | $0 | $18 | $64 |
| Total costs | $117 | $382 | $694 |
| Value after costs | $10,383 | $11,194 | $12,068 |
| Impact on return, per year | 1.17% | 1.17% | 1.17% |
MMGTX 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): 0.0628%
- Total broker commissions: $131K
- Bought from dealers (principal trades, not a cost): $162.0M
- Portfolio turnover (prospectus): 73%
- Securities on loan, average value: $1.8M
- Net income from securities lending: $132K (0.063% of average net assets)
MMGTX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| RBC Capital Markets, LLC | $18K | 18.79% |
| J.P. Morgan Securities LLC | $15K | 15.38% |
| Goldman Sachs & Co. LLC | $14K | 14.21% |
| Jefferies LLC | $12K | 11.93% |
| Barclays Capital Inc. | $10K | 10.29% |
| UBS Securities LLC | $9K | 8.84% |
| Morgan Stanley & Co. LLC | $6K | 5.87% |
| BMO Capital Markets Corp. | $5K | 5.45% |
| TD Securities (USA) LLC | $5K | 4.77% |
| Citigroup Global Markets Inc. | $4K | 4.47% |
MMGTX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| State Street Bank and Trust Company | $155.4M | 95.93% |
| Goldman Sachs & Co. LLC | $3.3M | 2.04% |
| J.P. Morgan Securities LLC | $2.8M | 1.74% |
| Leerink Partners LLC | $473K | 0.29% |
Discovery Portfolio Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| MMGPX | Class I | 0.95% | — |
| MMGTX | Class II | 1.05% | — |
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.