MSJIX Fees and Costs — Global Endurance Portfolio, Class I
Data updated: 2026-08-21
The net expense ratio is 1.00%: a 0.80% management fee plus 1.16% other expenses, less a 0.96% fee waiver. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $41K in broker commissions, 0.1370% of average net assets, and portfolio turnover was 176%.
MSJIX Fees and Expenses
Annual operating expenses and sales charges of MSJIX. Prospectus, as of December 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.80% |
| 12b-1 fee | 0.00% |
| Other expenses | 1.16% |
| Gross expense ratio | 1.96% |
| Fee waiver | −0.96% |
| Net expense ratio | 1.00% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| Max deferred load | 0.00% |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | No |
MSJIX Costs Over Time
On $10,000 invested in MSJIX, assuming 5% a year before costs, total costs come to $709 over 5 years, cutting the return by 1.19% 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 1.00%) | $105 | $327 | $567 |
| Trading costs (broker commissions) | $14 | $45 | $78 |
| Lost growth on money paid in costs | $0 | $18 | $65 |
| Total costs | $119 | $390 | $709 |
| Value after costs | $10,381 | $11,186 | $12,054 |
| Impact on return, per year | 1.19% | 1.19% | 1.19% |
MSJIX 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): 0.1370%
- Total broker commissions: $41K
- Bought from dealers (principal trades, not a cost): $66.0M
- Portfolio turnover (prospectus): 176%
- Securities on loan, average value: $392K
- Net income from securities lending: $57K (0.193% of average net assets)
MSJIX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| RBC Capital Markets, LLC | $11K | 30.80% |
| Jefferies LLC | $8K | 22.52% |
| Penserra Securities LLC | $5K | 14.02% |
| BofA Securities, Inc. | $3K | 7.14% |
| Stifel, Nicolaus & Company, Incorporated | $2K | 5.89% |
| Mizuho Securities USA LLC | $2K | 5.40% |
| Virtu Americas LLC | $1K | 4.08% |
| Barclays Capital Inc. | $1K | 4.07% |
| TD Securities (USA) LLC | $1K | 3.43% |
| Citigroup Global Markets Inc. | $942 | 2.66% |
MSJIX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| State Street Bank and Trust Company | $64.8M | 98.16% |
| Goldman Sachs & Co. LLC | $908K | 1.38% |
| Citigroup Global Markets Inc. | $155K | 0.23% |
| J.P. Morgan Securities LLC | $79K | 0.12% |
| Leerink Partners LLC | $75K | 0.11% |
Global Endurance Portfolio Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| MSJSX | Class R6 | 0.95% | none |
| MSJIX | Class I | 1.00% | none |
| MSJAX | Class A | 1.35% | 5.25% |
| MSJCX | 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.