FSAGX Fees and Costs — Select Gold Portfolio
Data updated: 2026-07-24
The net expense ratio is 0.64%: a 0.62% management fee plus 0.02% other expenses. There are no sales loads or redemption fees. In fiscal 2026 the fund paid $3.9M in broker commissions, 0.1219% of average net assets, and portfolio turnover was 60%.
FSAGX Fees and Expenses
Annual operating expenses and sales charges of FSAGX. Prospectus, as of April 30, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.62% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.02% |
| Gross expense ratio | 0.64% |
| Fee waiver | — |
| Net expense ratio | 0.64% |
| 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 |
FSAGX Costs Over Time
On $10,000 invested in FSAGX, assuming 5% a year before costs, total costs come to $479 over 5 years, cutting the return by 0.80% 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 0.64%) | $67 | $210 | $365 |
| Trading costs (broker commissions) | $13 | $40 | $70 |
| Lost growth on money paid in costs | $0 | $12 | $44 |
| Total costs | $80 | $263 | $479 |
| Value after costs | $10,420 | $11,314 | $12,284 |
| Impact on return, per year | 0.80% | 0.80% | 0.80% |
FSAGX 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): 0.1219%
- Total broker commissions: $3.9M
- Bought from dealers (principal trades, not a cost): $79.2M
- Portfolio turnover (prospectus): 60%
- Securities on loan, average value: $99.3M
- Net income from securities lending: $325K (0.010% of average net assets)
FSAGX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| ROYAL BANK OF CANADA | $850K | 25.57% |
| THE BANK OF NOVA SCOTIA | $601K | 18.07% |
| BANK OF MONTREAL QUE | $433K | 13.03% |
| MORGAN STANLEY | $350K | 10.52% |
| JEFFERIES FINANCIAL GROUP INC | $273K | 8.21% |
| GOLDMAN SACHS GROUP INC (THE) | $256K | 7.70% |
| BANK OF AMERICA CORPORATION | $200K | 6.02% |
| JPMORGAN CHASE and CO | $132K | 3.98% |
| THE TORONTO DOMINION BANK | $119K | 3.60% |
| CANACCORD GENUITY GROUP INC | $110K | 3.31% |
FSAGX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| BANK OF MONTREAL QUE | $50.1M | 63.28% |
| RAYMOND JAMES FINANCIAL INC. | $18.1M | 22.88% |
| STIFEL FINANCIAL CORP | $11.0M | 13.84% |
Select Gold Portfolio Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| FIJDX | Class Z | 0.57% | none |
| FSAGX | Select Gold Portfolio | 0.64% | — |
| FGDIX | Class I | 0.69% | none |
| FGDAX | Class A | 0.94% | 5.75% |
| FGDTX | Class M | 1.19% | 3.50% |
| FGDCX | Class C | 1.69% | none |
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.