CILGX Fees and Costs — Clarkston Fund, Institutional Class
Data updated: 2026-08-26
The net expense ratio is 0.70%: a 0.50% management fee plus 0.28% other expenses, less a 0.08% fee waiver. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $57K in broker commissions, 0.0318% of average net assets, and portfolio turnover was 25%.
CILGX Fees and Expenses
Annual operating expenses and sales charges of CILGX. Prospectus, as of February 1, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.50% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.28% |
| Gross expense ratio | 0.78% |
| Fee waiver | −0.08% |
| Net expense ratio | 0.70% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | Yes |
CILGX Costs Over Time
On $10,000 invested in CILGX, assuming 5% a year before costs, total costs come to $460 over 5 years, cutting the return by 0.77% 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 0.70%) | $74 | $230 | $400 |
| Trading costs (broker commissions) | $3 | $10 | $18 |
| Lost growth on money paid in costs | $0 | $12 | $42 |
| Total costs | $77 | $252 | $460 |
| Value after costs | $10,423 | $11,324 | $12,303 |
| Impact on return, per year | 0.77% | 0.77% | 0.77% |
CILGX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending September 30, 2025.
- Explicit cost rate (commissions ÷ average net assets): 0.0318%
- Total broker commissions: $57K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 25%
- Securities lending: none during the year
CILGX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| STIFEL, NICOLAUS & COMPANY, INCORPORATED | $45K | 78.89% |
| JPMORGAN DISTRIBUTION SERVICES, INC. | $6K | 10.66% |
| Cjs Securities | $6K | 10.30% |
| RBC CAPITAL MARKETS, LLC | $83 | 0.15% |
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 Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date.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.