BOGIX Fees and Costs — SGI Small Cap Core Fund, Institutional Class
Data updated: 2026-07-28
The net expense ratio is 1.23%: a 0.95% management fee plus 0.34% other expenses, less a 0.06% fee waiver. There are no sales loads or redemption fees. In fiscal 2024 the fund paid $187K in broker commissions, 0.1574% of average net assets, and portfolio turnover was 168%.
BOGIX Fees and Expenses
Annual operating expenses and sales charges of BOGIX. Prospectus, as of December 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.95% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.34% |
| Gross expense ratio | 1.29% |
| Fee waiver | −0.06% |
| Net expense ratio | 1.23% |
| 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 | Yes |
BOGIX Costs Over Time
On $10,000 invested in BOGIX, assuming 5% a year before costs, total costs come to $861 over 5 years, cutting the return by 1.46% 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 1.23%) | $129 | $401 | $693 |
| Trading costs (broker commissions) | $17 | $51 | $89 |
| Lost growth on money paid in costs | $0 | $22 | $79 |
| Total costs | $146 | $475 | $861 |
| Value after costs | $10,354 | $11,101 | $11,902 |
| Impact on return, per year | 1.46% | 1.46% | 1.46% |
BOGIX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending August 31, 2024.
- Explicit cost rate (commissions ÷ average net assets): 0.1574%
- Total broker commissions: $187K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 168%
- Securities lending: none during the year
BOGIX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| MERRILL LYNCH INC. | $120K | 63.91% |
| INSTINET CLEARING SERVICES INC. | $34K | 18.13% |
| BARCLAY INVESTMENTS LTD. | $25K | 13.13% |
| WACHOVIA BANK N.A. | $7K | 3.53% |
| TELSEY ADVISORY GROUP | $2K | 1.30% |
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 Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date.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.