MSAQX Fees and Costs — Asia Opportunity Portfolio, Class I
Data updated: 2026-08-21
The net expense ratio is 1.10%: a 0.80% management fee plus 0.51% other expenses, less a 0.21% fee waiver. This share class carries a redemption fee of 2.00%. In fiscal 2025 the fund paid $56K in broker commissions, 0.0450% of average net assets, and portfolio turnover was 20%.
MSAQX Fees and Expenses
Annual operating expenses and sales charges of MSAQX. Prospectus, as of December 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.80% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.51% |
| Gross expense ratio | 1.31% |
| Fee waiver | −0.21% |
| Net expense ratio | 1.10% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| Max deferred load | 0.00% |
| Redemption fee | 2.00% |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | No |
MSAQX Costs Over Time
On $10,000 invested in MSAQX, assuming 5% a year before costs, total costs come to $714 over 5 years, cutting the return by 1.20% 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 1.10%) | $116 | $360 | $623 |
| Trading costs (broker commissions) | $5 | $15 | $25 |
| Lost growth on money paid in costs | $0 | $19 | $66 |
| Total costs | $120 | $393 | $714 |
| Value after costs | $10,380 | $11,183 | $12,049 |
| Impact on return, per year | 1.20% | 1.20% | 1.20% |
MSAQX 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): 0.0450%
- Total broker commissions: $56K
- Bought from dealers (principal trades, not a cost): $67.5M
- Portfolio turnover (prospectus): 20%
- Securities on loan, average value: $184K
- Net income from securities lending: $4K (0.003% of average net assets)
MSAQX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| J.P. Morgan Securities LLC | $12K | 25.11% |
| BofA Securities, Inc. | $10K | 19.29% |
| Goldman Sachs & Co. LLC | $7K | 13.10% |
| Jefferies LLC | $5K | 11.01% |
| UBS Securities LLC | $5K | 9.21% |
| RBC Capital Markets, LLC | $3K | 6.18% |
| Barclays Capital Inc. | $2K | 4.66% |
| Citigroup Global Markets Inc. | $2K | 4.55% |
| Nomura Securities International, Inc. | $2K | 3.97% |
| ICICI Securities Inc. | $1K | 2.91% |
MSAQX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| State Street Bank and Trust Company | $66.2M | 97.95% |
| Kotak Securities Limited | $1.4M | 2.05% |
Asia Opportunity Portfolio Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| MSAYX | Class R6 | 1.05% | none |
| MSAQX | Class I | 1.10% | none |
| MSAUX | Class A | 1.45% | 5.25% |
| MSAWX | Class C | 2.20% | 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.