BGBIX Fees and Costs — Baillie Gifford Multi Asset Fund, Institutional Class
Data updated: 2022-09-23
The net expense ratio is 0.57% (2.67% before fee waivers). There are no sales loads or redemption fees. In fiscal 2022 the fund paid $6K in broker commissions, 0.0227% of average net assets, and portfolio turnover was 58%.
BGBIX Fees and Expenses
Annual operating expenses and sales charges of BGBIX. Prospectus, as of April 30, 2021.
| Annual operating expenses | |
|---|---|
| Management fee | 0.50% |
| 12b-1 fee | 0.00% |
| Other expenses | 1.89% |
| Gross expense ratio | 2.67% |
| Fee waiver | −2.10% |
| Net expense ratio | 0.57% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | No |
BGBIX Costs Over Time
On $10,000 invested in BGBIX, assuming 5% a year before costs, total costs come to $374 over 5 years, cutting the return by 0.62% 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 0.57%) | $60 | $188 | $327 |
| Trading costs (broker commissions) | $2 | $7 | $13 |
| Lost growth on money paid in costs | $0 | $10 | $34 |
| Total costs | $62 | $205 | $374 |
| Value after costs | $10,438 | $11,372 | $12,389 |
| Impact on return, per year | 0.62% | 0.62% | 0.62% |
BGBIX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending April 30, 2022.
- Explicit cost rate (commissions ÷ average net assets): 0.0227%
- Total broker commissions: $6K
- Bought from dealers (principal trades, not a cost): $24.8M
- Portfolio turnover (prospectus): 58%
- Securities lending: none during the year
BGBIX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| CREDIT SUISSE SECURITIES (USA) LLC | $2K | 34.51% |
| MORGAN STANLEY & CO. LLC | $562 | 12.20% |
| JEFFERIES LLC | $501 | 10.89% |
| VIRTU ITG LLC | $387 | 8.40% |
| HSBC SECURITIES (USA) INC. | $386 | 8.39% |
| Pershing LLC | $294 | 6.37% |
| GOLDMAN SACHS & CO. LLC | $238 | 5.17% |
| UBS Securities LLC | $238 | 5.16% |
| Numis Securities, Inc. | $220 | 4.79% |
| Investec Securities (US) LLC | $190 | 4.13% |
BGBIX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| BGC FINANCIAL, L.P. | $3.7M | 18.96% |
| CREDIT SUISSE SECURITIES (USA) LLC | $3.1M | 15.57% |
| J.P. Morgan Securities LLC | $2.7M | 13.48% |
| CitiGroup Global Markets Inc. | $2.6M | 12.97% |
| GOLDMAN SACHS & CO. LLC | $2.3M | 11.60% |
| DEUTSCHE BANK SECURITIES, INC. | $1.2M | 6.16% |
| MORGAN STANLEY & CO. LLC | $1.2M | 6.02% |
| RBC CAPITAL MARKETS LLC | $1.1M | 5.83% |
| BNY MELLON CAPITAL MARKETS, LLC | $944K | 4.80% |
| STANDARD CHARTERED SECURITIES NORTH AMERICA LLC | $908K | 4.61% |
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.