AGLYX Fees and Costs — Ariel Global Fund, Institutional Class
Data updated: 2026-08-20
The net expense ratio is 0.94%: a 0.80% management fee plus 0.55% other expenses, less a 0.41% fee waiver. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $86K in broker commissions, 0.1680% of average net assets, and portfolio turnover was 99%.
AGLYX Fees and Expenses
Annual operating expenses and sales charges of AGLYX. Prospectus, as of September 30, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.80% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.55% |
| Gross expense ratio | 1.35% |
| Fee waiver | −0.41% |
| Net expense ratio | 0.94% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| Max deferred load | 0.00% |
| Redemption fee | 0.00% |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | No |
AGLYX Costs Over Time
On $10,000 invested in AGLYX, assuming 5% a year before costs, total costs come to $692 over 5 years, cutting the return by 1.16% 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 0.94%) | $99 | $308 | $533 |
| Trading costs (broker commissions) | $18 | $55 | $95 |
| Lost growth on money paid in costs | $0 | $18 | $63 |
| Total costs | $116 | $381 | $692 |
| Value after costs | $10,384 | $11,196 | $12,071 |
| Impact on return, per year | 1.16% | 1.16% | 1.16% |
AGLYX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending September 30, 2025.
- Explicit cost rate (commissions ÷ average net assets): 0.1680%
- Total broker commissions: $86K
- Bought from dealers (principal trades, not a cost): $36.3M
- Portfolio turnover (prospectus): 99%
- Securities lending: none during the year
AGLYX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| NOMURA SECURITIES INTERNATIONAL INC | $14K | 24.07% |
| CAPITAL INSTITUTIONAL SERVICES, INC. | $9K | 14.76% |
| TD Securities USA LLC | $7K | 10.91% |
| Sanford C. Bernstein & Co. LLC | $6K | 10.35% |
| J.P. Morgan Securities LLC | $6K | 9.98% |
| BofAML Securities, Inc. | $5K | 8.08% |
| UBS SECURITIES LLC | $5K | 7.89% |
| Goldman Sachs & Co LLC | $4K | 6.71% |
| WR Securities, LLC | $2K | 3.76% |
| BARCLAYS CAPITAL INC | $2K | 3.48% |
AGLYX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| The Northern Trust Company | $36.3M | 100.00% |
Ariel Global Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| AGLYX | Institutional Class | 0.94% | none |
| AGLOX | Investor Class | 1.19% | none |
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.