MSTGX Fees and Costs — Morningstar Global Income Fund, Institutional Class
Data updated: 2026-09-28
The net expense ratio is 0.75% (0.84% before fee waivers). There are no sales loads or redemption fees. In fiscal 2026 the fund paid $87K in broker commissions, 0.0607% of average net assets, and portfolio turnover was 67%.
MSTGX Fees and Expenses
Annual operating expenses and sales charges of MSTGX. Prospectus, as of April 30, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.35% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.47% |
| Gross expense ratio | 0.84% |
| Fee waiver | −0.09% |
| Net expense ratio | 0.75% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| Max deferred load | — |
| Redemption fee | 0.00% |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | Yes |
MSTGX Costs Over Time
On $10,000 invested in MSTGX, assuming 5% a year before costs, total costs come to $509 over 5 years, cutting the return by 0.85% 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 0.75%) | $79 | $246 | $428 |
| Trading costs (broker commissions) | $6 | $20 | $35 |
| Lost growth on money paid in costs | $0 | $13 | $47 |
| Total costs | $85 | $279 | $509 |
| Value after costs | $10,415 | $11,297 | $12,254 |
| Impact on return, per year | 0.85% | 0.85% | 0.85% |
MSTGX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending April 30, 2026.
- Explicit cost rate (commissions ÷ average net assets): 0.0607%
- Total broker commissions: $87K
- Bought from dealers (principal trades, not a cost): $226.4M
- Portfolio turnover (prospectus): 67%
- Securities on loan, average value: $7.9M
- Net income from securities lending: $41K (0.029% of average net assets)
MSTGX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| TD SECURITIES (USA) LLC | $29K | 41.06% |
| AUERBACH GRAYSON AND COMPANY LLC | $10K | 14.38% |
| ROBERT W. BAIRD & CO. INCORPORATED | $6K | 8.18% |
| GTS SECURITIES, LLC | $5K | 7.53% |
| Schafer/Cullen Capital Management, Inc. | $5K | 7.29% |
| STATE STREET GLOBAL MARKETS, LLC | $4K | 5.99% |
| HSBC SECURITIES (USA) INC. | $4K | 5.44% |
| STIFEL, NICOLAUS & COMPANY, INCORPORATED | $3K | 4.64% |
| BERNSTEIN INSTITUTIONAL SERVICES LLC | $2K | 2.76% |
| SCOTIA CAPITAL USA INC | $2K | 2.73% |
MSTGX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| The Northern Trust Company | $176.1M | 84.18% |
| GOLDMAN SACHS & CO. LLC | $6.6M | 3.16% |
| J.P. MORGAN SECURITIES LLC | $6.3M | 3.01% |
| MORGAN STANLEY & CO. LLC | $5.1M | 2.46% |
| MERRILL LYNCH, PIERCE, FENNER & SMITH INCORPORATED | $3.7M | 1.79% |
| PERSHING LLC | $2.8M | 1.36% |
| Wells Fargo Bank, National Association | $2.6M | 1.24% |
| CITIGROUP GLOBAL MARKETS INC. | $2.5M | 1.19% |
| JPMorgan Chase Bank, National Association | $1.7M | 0.84% |
| DEUTSCHE BANK SECURITIES INC. | $1.6M | 0.77% |
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.