MTGDX Fees and Costs — Morgan Stanley Mortgage Securities Trust, Class I
Data updated: 2025-09-26
The net expense ratio is 0.70%: a 0.47% management fee plus 0.34% other expenses, less a 0.11% fee waiver. There are no sales loads or redemption fees. In fiscal 2024 the fund paid $27K in broker commissions, 0.0077% of average net assets, and portfolio turnover was 383%.
MTGDX Fees and Expenses
Annual operating expenses and sales charges of MTGDX. Prospectus, as of February 28, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.47% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.34% |
| Gross expense ratio | 0.81% |
| Fee waiver | −0.11% |
| Net expense ratio | 0.70% |
| 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 |
MTGDX Costs Over Time
On $10,000 invested in MTGDX, assuming 5% a year before costs, total costs come to $445 over 5 years, cutting the return by 0.74% 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 0.70%) | $74 | $230 | $400 |
| Trading costs (broker commissions) | $1 | $3 | $4 |
| Lost growth on money paid in costs | $0 | $11 | $41 |
| Total costs | $74 | $244 | $445 |
| Value after costs | $10,426 | $11,332 | $12,318 |
| Impact on return, per year | 0.74% | 0.74% | 0.74% |
MTGDX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending October 31, 2024.
- Explicit cost rate (commissions ÷ average net assets): 0.0077%
- Total broker commissions: $27K
- Bought from dealers (principal trades, not a cost): $3.5B
- Portfolio turnover (prospectus): 383%
- Securities lending: none during the year
MTGDX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Goldman Sachs & Co. LLC | $27K | 100.00% |
MTGDX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Wells Fargo Securities, LLC | $1.2B | 35.38% |
| State Street Bank and Trust Company | $626.8M | 19.16% |
| BNP Paribas Securities Corp. | $473.2M | 14.46% |
| Goldman Sachs & Co. LLC | $359.0M | 10.97% |
| BofA Securities, Inc. | $221.0M | 6.75% |
| Citigroup Global Markets Inc. | $158.6M | 4.85% |
| Barclays Capital Inc. | $81.6M | 2.49% |
| BMO Capital Markets Corp. | $71.4M | 2.18% |
| Nomura Securities International, Inc. | $65.2M | 1.99% |
| J.P. Morgan Securities LLC | $57.8M | 1.77% |
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.