GAGEX Fees and Costs — Guinness Atkinson Global Energy Fund
Data updated: 2026-08-28
The net expense ratio is 1.47%: a 0.75% management fee plus 1.52% other expenses, less a 0.80% fee waiver. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $496 in broker commissions, 0.0050% of average net assets, and portfolio turnover was 10%.
GAGEX Fees and Expenses
Annual operating expenses and sales charges of GAGEX. Prospectus, as of December 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.75% |
| 12b-1 fee | 0.00% |
| Other expenses | 1.52% |
| Gross expense ratio | 2.27% |
| Fee waiver | −0.80% |
| Net expense ratio | 1.47% |
| 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 |
GAGEX Costs Over Time
On $10,000 invested in GAGEX, assuming 5% a year before costs, total costs come to $914 over 5 years, cutting the return by 1.55% 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 1.47%) | $154 | $479 | $827 |
| Trading costs (broker commissions) | $1 | $2 | $3 |
| Lost growth on money paid in costs | $0 | $24 | $84 |
| Total costs | $155 | $505 | $914 |
| Value after costs | $10,345 | $11,072 | $11,849 |
| Impact on return, per year | 1.55% | 1.55% | 1.55% |
GAGEX 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): 0.0050%
- Total broker commissions: $496
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 10%
- Securities lending: none during the year
GAGEX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Morgan Stanley | $321 | 64.72% |
| Bernstein | $92 | 18.55% |
| Berenberg | $38 | 7.66% |
| Goldman Sachs | $19 | 3.83% |
| Shore Capital | $18 | 3.63% |
| JP Morgan | $6 | 1.21% |
| CLSA Limited | $2 | 0.40% |
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 Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date.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.