MSBWX Fees and Costs — American Resilience Portfolio, Class C
Data updated: 2026-03-12
The net expense ratio is 1.80%: a 0.55% management fee, a 1.00% 12b-1 fee plus 24.01% other expenses, less a 23.76% fee waiver. This share class carries a deferred sales charge of up to 1.00%. In fiscal 2025 the fund paid $62 in broker commissions, 0.0045% of average net assets, and portfolio turnover was 43%.
MSBWX Fees and Expenses
Annual operating expenses and sales charges of MSBWX. Prospectus, as of April 30, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.55% |
| 12b-1 fee | 1.00% |
| Other expenses | 24.01% |
| Gross expense ratio | 25.56% |
| Fee waiver | −23.76% |
| Net expense ratio | 1.80% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| 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 |
MSBWX Costs Over Time
On $10,000 invested in MSBWX, assuming 5% a year before costs, total costs come to $1,111 over 5 years, cutting the return by 1.89% 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 | $103 | $0 | $0 |
| Fund expenses (net expense ratio 1.80%) | $189 | $585 | $1,006 |
| Trading costs (broker commissions) | $0 | $1 | $3 |
| Lost growth on money paid in costs | $0 | $29 | $103 |
| Total costs | $293 | $615 | $1,111 |
| Value after costs | $10,207 | $10,961 | $11,652 |
| Impact on return, per year | 2.93% | 1.89% | 1.89% |
MSBWX 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): 0.0045%
- Total broker commissions: $62
- Bought from dealers (principal trades, not a cost): $1.1M
- Portfolio turnover (prospectus): 43%
- Securities lending: none during the year
MSBWX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Goldman Sachs & Co. LLC | $11 | 20.26% |
| Jefferies LLC | $10 | 18.09% |
| TD Securities (USA) LLC | $8 | 14.12% |
| HSBC Securities (USA) Inc. | $6 | 10.81% |
| J.P. Morgan Securities LLC | $5 | 9.66% |
| Nomura Securities International, Inc. | $4 | 7.94% |
| Evercore Group L.L.C. | $3 | 5.54% |
| Citigroup Global Markets Inc. | $3 | 4.91% |
| UBS Securities LLC | $2 | 4.44% |
| RBC Capital Markets, LLC | $2 | 4.23% |
MSBWX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| State Street Bank and Trust Company | $1.1M | 100.00% |
American Resilience Portfolio Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| MSBQX | Class R6 | 0.65% | none |
| MSBVX | Class I | 0.70% | none |
| MSCUX | Class A | 1.05% | 5.25% |
| MSBWX | Class C | 1.80% | 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.