MSDUX Fees and Costs — Emerging Markets ex China Portfolio, Class I
Data updated: 2026-05-28
The net expense ratio is 0.99%: a 0.75% management fee plus 4.51% other expenses, less a 4.27% fee waiver. This share class carries a redemption fee of 2.00%. In fiscal 2025 the fund paid $3K in broker commissions, 0.0365% of average net assets, and portfolio turnover was 32%.
MSDUX Fees and Expenses
Annual operating expenses and sales charges of MSDUX. Prospectus, as of April 30, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.75% |
| 12b-1 fee | 0.00% |
| Other expenses | 4.51% |
| Gross expense ratio | 5.26% |
| Fee waiver | −4.27% |
| Net expense ratio | 0.99% |
| 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 |
MSDUX Costs Over Time
On $10,000 invested in MSDUX, assuming 5% a year before costs, total costs come to $642 over 5 years, cutting the return by 1.08% 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 0.99%) | $104 | $324 | $562 |
| Trading costs (broker commissions) | $4 | $12 | $21 |
| Lost growth on money paid in costs | $0 | $17 | $59 |
| Total costs | $108 | $353 | $642 |
| Value after costs | $10,392 | $11,223 | $12,121 |
| Impact on return, per year | 1.08% | 1.08% | 1.08% |
MSDUX 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): 0.0365%
- Total broker commissions: $3K
- Bought from dealers (principal trades, not a cost): $2.5M
- Portfolio turnover (prospectus): 32%
- Securities lending: none during the year
MSDUX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| J.P. Morgan Securities LLC | $536 | 21.72% |
| Citigroup Global Markets Inc. | $426 | 17.27% |
| Jefferies LLC | $419 | 16.97% |
| UBS Securities LLC | $255 | 10.33% |
| BofA Securities, Inc. | $207 | 8.39% |
| BTG Pactual US Capital, LLC | $168 | 6.81% |
| Macquarie Capital (USA) Inc. | $164 | 6.64% |
| Santander Securities LLC | $117 | 4.76% |
| BNY Capital Markets, LLC | $99 | 4.01% |
| Goldman Sachs & Co. LLC | $77 | 3.10% |
MSDUX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| State Street Bank and Trust Company | $2.5M | 100.00% |
| BTG Pactual US Capital, LLC | $6 | 0.00% |
Emerging Markets ex China Portfolio Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| MSDMX | Class R6 | 0.95% | none |
| MSDUX | Class I | 0.99% | none |
| MSDQX | Class A | 1.35% | 5.25% |
| MSDOX | Class C | 2.10% | 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.