CGMFX Fees and Costs — CGM Focus Fund
Data updated: 2023-03-14
The net expense ratio is 1.30%: a 1.00% management fee plus 0.30% other expenses. There are no sales loads or redemption fees. In fiscal 2022 the fund paid $5.1M in broker commissions, 1.3948% of average net assets, and portfolio turnover was 905%.
CGMFX Fees and Expenses
Annual operating expenses and sales charges of CGMFX. Prospectus, as of April 30, 2022.
| Annual operating expenses | |
|---|---|
| Management fee | 1.00% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.30% |
| Gross expense ratio | 1.30% |
| Fee waiver | — |
| Net expense ratio | 1.30% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| Max deferred load | — |
| Redemption fee | 0.00% |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | No |
CGMFX Costs Over Time
On $10,000 invested in CGMFX, assuming 5% a year before costs, total costs come to $1,629 over 5 years, cutting the return by 2.83% 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 1.30%) | $136 | $418 | $713 |
| Trading costs (broker commissions) | $146 | $449 | $765 |
| Lost growth on money paid in costs | $0 | $43 | $152 |
| Total costs | $283 | $911 | $1,629 |
| Value after costs | $10,217 | $10,665 | $11,133 |
| Impact on return, per year | 2.83% | 2.83% | 2.83% |
CGMFX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending December 31, 2022.
- Explicit cost rate (commissions ÷ average net assets): 1.3948%
- Total broker commissions: $5.1M
- Bought from dealers (principal trades, not a cost): $4.8B
- Portfolio turnover (prospectus): 905%
- Securities lending: none during the year
CGMFX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| J.P. MORGAN SECURITIES LLC | $554K | 13.78% |
| BARCLAYS CAPITAL LE | $531K | 13.20% |
| MORGAN STANLEY CO INCORPORATED | $461K | 11.46% |
| Evercore Group LLC | $459K | 11.41% |
| BOFA SECURITIES, INC. | $435K | 10.81% |
| GOLDMAN SACHS + CO LLC | $420K | 10.44% |
| RAYMOND JAMES AND ASSOCIATES INC | $392K | 9.75% |
| CITIGROUP GLOBAL MARKETS INC | $383K | 9.52% |
| Truist Investment Services, Inc. | $196K | 4.87% |
| CREDIT SUISSE SECURITIES (USA) LLC | $191K | 4.75% |
CGMFX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| STATE STREET BANK AND TRUST CO + STATE STREET REPO | $4.8B | 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.