MSTSX Fees and Costs — Morningstar Global Opportunistic Equity Fund, Institutional Class
Data updated: 2026-09-28
The net expense ratio is 0.79%. There are no sales loads or redemption fees. In fiscal 2026 the fund paid $225K in broker commissions, 0.0646% of average net assets, and portfolio turnover was 85%.
MSTSX Fees and Expenses
Annual operating expenses and sales charges of MSTSX. Prospectus, as of April 30, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.47% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.25% |
| Gross expense ratio | 0.79% |
| Fee waiver | — |
| Net expense ratio | 0.79% |
| 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 | No |
| Waived fees subject to recoupment | Yes |
MSTSX Costs Over Time
On $10,000 invested in MSTSX, assuming 5% a year before costs, total costs come to $536 over 5 years, cutting the return by 0.90% 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 0.79%) | $83 | $259 | $450 |
| Trading costs (broker commissions) | $7 | $21 | $37 |
| Lost growth on money paid in costs | $0 | $14 | $49 |
| Total costs | $90 | $294 | $536 |
| Value after costs | $10,410 | $11,282 | $12,227 |
| Impact on return, per year | 0.90% | 0.90% | 0.90% |
MSTSX 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): 0.0646%
- Total broker commissions: $225K
- Bought from dealers (principal trades, not a cost): $311.8M
- Portfolio turnover (prospectus): 85%
- Securities on loan, average value: $54.9M
- Net income from securities lending: $161K (0.046% of average net assets)
MSTSX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Royal Bank of Canada | $31K | 20.51% |
| STATE STREET GLOBAL MARKETS, LLC | $21K | 13.69% |
| JEFFERIES LLC. | $15K | 9.99% |
| WALLACHBETH CAPITAL, LLC | $15K | 9.73% |
| Citibank, National Association | $13K | 9.01% |
| BARCLAYS CAPITAL SECURITIES LIMITED | $13K | 8.71% |
| Bank of Montreal | $12K | 7.86% |
| JPMorgan Chase Bank, National Association | $11K | 7.16% |
| GOLDMAN SACHS & CO. LLC | $11K | 7.06% |
| UBS AG | $9K | 6.29% |
MSTSX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| The Northern Trust Company | $311.8M | 100.00% |
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.