BQLIX Fees and Costs — Bright Rock Quality Large Cap Fund, Investor Class
Data updated: 2026-10-09
The net expense ratio is 0.92%. There are no sales loads or redemption fees. In fiscal 2026 the fund paid $184K in broker commissions, 0.0450% of average net assets, and portfolio turnover was 46%.
BQLIX Fees and Expenses
Annual operating expenses and sales charges of BQLIX. Prospectus, as of June 30, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.45% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.20% |
| Gross expense ratio | 0.92% |
| Fee waiver | — |
| Net expense ratio | 0.92% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | No |
| Waived fees subject to recoupment | No |
BQLIX Costs Over Time
On $10,000 invested in BQLIX, assuming 5% a year before costs, total costs come to $604 over 5 years, cutting the return by 1.01% 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 0.92%) | $97 | $302 | $523 |
| Trading costs (broker commissions) | $5 | $15 | $26 |
| Lost growth on money paid in costs | $0 | $16 | $55 |
| Total costs | $101 | $332 | $604 |
| Value after costs | $10,399 | $11,244 | $12,159 |
| Impact on return, per year | 1.01% | 1.01% | 1.01% |
BQLIX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending February 28, 2026.
- Explicit cost rate (commissions ÷ average net assets): 0.0450%
- Total broker commissions: $184K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 46%
- Securities lending: none during the year
BQLIX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| ITG INC. | $34K | 18.74% |
| MORGAN STANLEY & CO. LLC | $33K | 18.14% |
| SANFORD C. BERNSTEIN & CO. LLC | $32K | 17.17% |
| J.P. MORGAN SECURITIES LLC | $30K | 16.54% |
| WELLS FARGO SECURITIES LLC | $21K | 11.56% |
| JEFFERIES LLC | $16K | 8.72% |
| SEI INVESTMENTS DISTRIBUTION CO. | $7K | 3.81% |
| STIFEL NICOLAUS & COMPANY INCORPORATED | $6K | 3.39% |
| RBC CAPITAL MARKETS LLC | $4K | 1.93% |
Bright Rock Quality Large Cap Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| BQLCX | Institutional Class | 0.67% | — |
| BQLIX | Investor Class | 0.92% | — |
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.