Fund Evaluator:
MFG Global Sustainable Institutional (FMSGX)
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Best Performing in Global Large-Stock Blend Over the Last Year
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Fund Details
MFG Global Sustainable Institutional Overview
MFG Global Sustainable Institutional (FMSGX) is an actively managed International Equity Global Large-Stock Blend fund. MFG Funds, Inc. launched the fund in 2019.
The investment seeks attractive risk-adjusted returns over the medium- to long-term while reducing the risk of permanent capital loss. Under normal market conditions, the fund invests at least 80% of its net assets in equity securities of issuers listed on U.S. and international stock exchanges that meet the criteria for environmental, social and governance ("ESG") and low carbon investments of the fund's subadviser doing business as MFG Asset Management. It is non-diversified.
About MFG Global Sustainable Institutional (FMSGX)
There are 1 members of the management team with an average tenure of 3.20 years: Alan Pullen (2023). Management tenure is more important for actively managed funds than passive index funds.
The fund has 1 primary benchmark: MSCI World NR USD index with a weighting of 100%. MFG Global Sustainable Institutional has 31 securities in its portfolio. The top 10 holdings constitute 55.8% of the fund’s assets. The fund meets the SEC requirement of being classified as a nondiversified fund. The fund is considered to have an ESG focus with its investment selection and management.
MFG Global Sustainable Institutional is part of the Equity global asset class and is within the International Equity fund group. MFG Global Sustainable Institutional has 30.4% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 63.9%. There is 30.4% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 0.0% (0.0% domestic bond, 0.0% foreign bond and 0.0% convertible bond). MFG Global Sustainable Institutional has 5.2% of the portfolio in cash.
Assets Under Management
The fund has $7 million in total assets, which is below the $1 billion average for the Global Large-Stock Blend category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.
FMSGX Performance and Fees
The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The MFG Global Sustainable Institutional expense ratio is high compared to funds in the Global Large-Stock Blend category. MFG Global Sustainable Institutional has an expense ratio of 0.80%, which is 24% lower than its category average, making the fund expense ratio grade a B. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.
High portfolio turnover can translate to higher expenses and lower aftertax returns. MFG Global Sustainable Institutional has a portfolio turnover rate of 55%, indicating that holds its assets around 0.0 years. By way of comparison, the average portfolio turnover is 43% for the Global Large-Stock Blend category.
Recently, in the month of August 2026, MFG Global Sustainable Institutional returned 2.6%, which earned it a grade of B, as the Global Large-Stock Blend category had an average return of 1.9%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all funds in that category.
MFG Global Sustainable Institutional has a trailing yield of 0.91%, which is below the 0.93% category average. The fund normally distributes its income annually.
It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.
MFG Global Sustainable Institutional Grades
Year to date, the fund has returned 6.4%, 5.4 percentage points worse than the category, which translates into a grade of F. The fund has returned 11.6% over the past year (grade of F), 18.4% over the past three years (grade of C) and 9.9% per year over the past five years (grade of C).
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FMSGX Trailing NAV Total Returns Data as of 8/31/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| FMSGX Return (NAV) | 2.6% | 5.7% | 11.6% | 18.4% | 9.9% | na |
| FMSGX Grade | B | A | F | C | C | na |
| +/- Category | 0.7% | 3.5% | -6.4% | 1.3% | 1.0% | na |
| Global Large-Stock Blend Avg | 1.9% | 2.3% | 18.0% | 17.1% | 8.9% | 10.8% |
| FMSGX Tax Cost Ratio | na | na | 2.6% | 1.6% | 1.2% | na |
FMSGX Annual NAV Total ReturnsData as of 8/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| FMSGX Return (NAV) | 6.4% | 23.1% | 16.7% | 31.6% | -22.1% | 15.8% | 7.7% | na | na | na | na |
| FMSGX Grade | F | B | B | A | F | D | F | na | na | na | na |
| +/- Category | -5.4% | 3.0% | 3.6% | 12.9% | -5.9% | -1.6% | -6.9% | na | na | na | na |
| Global Large-Stock Blend Avg | 11.8% | 20.1% | 13.2% | 18.8% | -16.2% | 17.5% | 14.6% | 25.9% | -10.4% | 23.0% | 6.6% |
| Risk Measures | |
| Standard Deviation: | 11.3% |
| Total Risk Index: | 0.93 - Average |
| Category Risk Index: | 0.93 - Low |
| Category Risk Grade: | A (18% Rank) |
| Beta: | 0.80 |
| R-Squared: | 77% |
| Leveraged Fund: | No |
| Inverse Fund: | No |
| Portfolio Characteristics | |
| Equity Investment Style: | Large-Cap Value |
| Bond Investment Style: | na |
| Yield: | 0.9% |
| Dividend Distribution: | Annually |
| Cap Gains Distribution: | |
| Total Assets: | $15 Mil |
| Fund Total Assets: | $ 8 Mil |
| Share Class Type: | Inst |
| Portfolio Turnover: | 55% |
Management Team
| Number of Managers: 1 | |||
| Longest Tenure: 3.2 years | |||
| Average Tenure: 3.2 years | |||
| Managers (Year): Pullen Alan (2023) | |||
Portfolio Composition (as of 6/30/26)
| # of Holdings: | 31 |
| % in Top 10 Holdings: | 55.8% |
| Fund is Non-Diversified: | Yes |
| % in Foreign Issues: | 30.4% |
Portfolio Allocation |
|
| Domestic Stock: | 63.9% |
| Foreign Stock: | 30.4% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 0.0% |
| Foreign Bond: | 0.0% |
| Convertible Bond: | 0.0% |
| Other: | 0.4% |
| Cash: | 5.2% |
Purchase Information
| Fund Family: | MFG Funds, Inc. |
| Phone Number: | 888-825-2100 |
| Website: | www.mfg-funds.com |
| Status: | Open |
| Inception Date: | October 9, 2019 |
| Min. Initial Purchase: | $1,000,000 |
| Min. Initial IRA Purchase: | $ 0 |
| True No-Load: | Yes |
| Front Load Maximum: | 0.00% |
| Deferred Charge Maximum: | 0.00% |
| Redemption Charge Maximum: | 2.00% |
| 12b-1 Fee: | na |
Expenses and Fees | |
| Expense Ratio (%): | 0.80% ( Rating : High ) |
| Category Average Expense Ratio (%): | 1.05% |
| Share Class: | MFG Global Sustainable Institutional |
| Min. Subsequent Purchase: | $1,000 |
| Min. Subsequent IRA Purchase: | $ 0 |
