C000129443 Fees and Costs — The Gold Bullion Strategy Portfolio
Data updated: 2026-08-14
The net expense ratio is 1.62%. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $5K in broker commissions, 0.0131% of average net assets, and portfolio turnover was 212%.
C000129443 Fees and Expenses
Annual operating expenses and sales charges of C000129443. Prospectus, as of April 30, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.75% |
| 12b-1 fee | 0.50% |
| Other expenses | 0.23% |
| Gross expense ratio | 1.62% |
| Fee waiver | — |
| Net expense ratio | 1.62% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | No |
| Fees waived or reduced during the year | No |
| Waived fees subject to recoupment | No |
C000129443 Costs Over Time
On $10,000 invested in C000129443, assuming 5% a year before costs, total costs come to $1,009 over 5 years, cutting the return by 1.71% 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 1.62%) | $170 | $527 | $908 |
| Trading costs (broker commissions) | $1 | $4 | $7 |
| Lost growth on money paid in costs | $0 | $26 | $93 |
| Total costs | $171 | $558 | $1,009 |
| Value after costs | $10,329 | $11,018 | $11,754 |
| Impact on return, per year | 1.71% | 1.71% | 1.71% |
C000129443 Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending December 31, 2025.
- Explicit cost rate (commissions ÷ average net assets): 0.0131%
- Total broker commissions: $5K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 212%
- Securities on loan, average value: $4.7M
- Net income from securities lending: $9K (0.021% of average net assets)
C000129443 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Ceros Finacial Services, Inc. | $5K | 100.00% |
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 Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date.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.