MSEIX Fees and Costs — AMG Veritas Asia Pacific Fund, Class I
Data updated: 2026-08-27
The net expense ratio is 0.93%: a 0.71% management fee plus 0.39% other expenses, less a 0.17% fee waiver. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $142K in broker commissions, 0.1562% of average net assets, and portfolio turnover was 132%.
MSEIX Fees and Expenses
Annual operating expenses and sales charges of MSEIX. Prospectus, as of December 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.71% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.39% |
| Gross expense ratio | 1.10% |
| Fee waiver | −0.17% |
| Net expense ratio | 0.93% |
| 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 | Yes |
MSEIX Costs Over Time
On $10,000 invested in MSEIX, assuming 5% a year before costs, total costs come to $678 over 5 years, cutting the return by 1.14% 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 0.93%) | $98 | $304 | $527 |
| Trading costs (broker commissions) | $16 | $51 | $89 |
| Lost growth on money paid in costs | $0 | $18 | $62 |
| Total costs | $114 | $373 | $678 |
| Value after costs | $10,386 | $11,203 | $12,085 |
| Impact on return, per year | 1.14% | 1.14% | 1.14% |
MSEIX 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): 0.1562%
- Total broker commissions: $142K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 132%
- Securities on loan, average value: $1.1M
- Net income from securities lending: $44K (0.048% of average net assets)
MSEIX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| CLSA AMERICAS, LLC | $23K | 18.39% |
| CREDIT AGRICOLE SECURITIES (USA), INC. | $18K | 14.74% |
| UBS Securities LLC | $16K | 12.57% |
| SAMSUNG SECURITIES (AMERICA), INC. | $15K | 12.30% |
| MORGAN STANLEY & CO. LLC | $11K | 8.79% |
| MACQUARIE CAPITAL (USA), INC. | $10K | 7.90% |
| CHINA INTERNATIONAL CAPITAL CORPORATION HONG KONG SECURITIES LIMITED | $9K | 7.48% |
| CICC US SECURITIES, INC. | $9K | 7.43% |
| Merrill Lynch Pierce Fenner & Smith Inc | $7K | 5.84% |
| JEFFERIES LLC | $6K | 4.57% |
AMG Veritas Asia Pacific Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| MSEIX | Class I | 0.93% | — |
| MGSEX | Class N | 1.17% | — |
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.