MSSVX Fees and Costs — AMG Frontier Small Cap Growth Fund, Class N
Data updated: 2026-09-25
The net expense ratio is 1.30%: a 0.70% management fee, a 0.25% 12b-1 fee plus 0.55% other expenses, less a 0.20% fee waiver. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $303K in broker commissions, 0.3511% of average net assets, and portfolio turnover was 290%.
MSSVX Fees and Expenses
Annual operating expenses and sales charges of MSSVX. Prospectus, as of October 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.70% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.55% |
| Gross expense ratio | 1.50% |
| Fee waiver | −0.20% |
| Net expense ratio | 1.30% |
| 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 |
MSSVX Costs Over Time
On $10,000 invested in MSSVX, assuming 5% a year before costs, total costs come to $1,019 over 5 years, cutting the return by 1.73% 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 1.30%) | $136 | $423 | $729 |
| Trading costs (broker commissions) | $37 | $114 | $197 |
| Lost growth on money paid in costs | $0 | $27 | $94 |
| Total costs | $173 | $564 | $1,019 |
| Value after costs | $10,327 | $11,012 | $11,743 |
| Impact on return, per year | 1.73% | 1.73% | 1.73% |
MSSVX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending October 31, 2025.
- Explicit cost rate (commissions ÷ average net assets): 0.3511%
- Total broker commissions: $303K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 290%
- Securities on loan, average value: $9.1M
- Net income from securities lending: $81K (0.094% of average net assets)
MSSVX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| LIQUIDNET, INC. | $101K | 50.60% |
| VIRTU AMERICAS LLC | $16K | 8.19% |
| STIFEL, NICOLAUS & CO INC | $14K | 7.17% |
| J.P. MORGAN SECURITIES LLC | $13K | 6.57% |
| INSTINET, LLC | $13K | 6.47% |
| Merrill Lynch Pierce Fenner & Smith Inc | $10K | 5.23% |
| OPPENHEIMER & CO. INC. | $10K | 5.02% |
| C.L. KING & ASSOCIATES, INC. | $8K | 3.78% |
| LOOP CAPITAL MARKETS LLC | $7K | 3.70% |
| PIPER SANDLER & CO. | $7K | 3.28% |
AMG Frontier Small Cap Growth Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| MSSYX | Class Z | 0.90% | — |
| MSSCX | Class I | 1.00% | — |
| MSSVX | Class N | 1.30% | — |
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.