BIGTX Fees and Costs — The Texas Fund, Institutional Class
Data updated: 2026-07-29
The net expense ratio is 1.84%. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $4K in broker commissions, 0.0280% of average net assets, and portfolio turnover was 137%.
BIGTX Fees and Expenses
Annual operating expenses and sales charges of BIGTX. Prospectus, as of December 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.36% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.27% |
| Gross expense ratio | 1.33% |
| Fee waiver | — |
| Net expense ratio | 1.84% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| Max deferred load | 0.00% |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | No |
| Fees waived or reduced during the year | No |
| Waived fees subject to recoupment | No |
BIGTX Costs Over Time
On $10,000 invested in BIGTX, assuming 5% a year before costs, total costs come to $1,148 over 5 years, cutting the return by 1.96% 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 1.84%) | $193 | $597 | $1,027 |
| Trading costs (broker commissions) | $3 | $9 | $16 |
| Lost growth on money paid in costs | $0 | $30 | $106 |
| Total costs | $196 | $637 | $1,148 |
| Value after costs | $10,304 | $10,940 | $11,614 |
| Impact on return, per year | 1.96% | 1.96% | 1.96% |
BIGTX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending August 31, 2025.
- Explicit cost rate (commissions ÷ average net assets): 0.0280%
- Total broker commissions: $4K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 137%
- Securities lending: none during the year
BIGTX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| WALL STREET ACCESS | $4K | 100.00% |
| FIDELITY DISTRIBUTORS COMPANY LLC | $0 | 0.00% |
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 Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date.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.