GAVIX Fees and Costs — KL Allocation Fund, Institutional Class
Data updated: 2024-04-29
The net expense ratio is 1.35% (1.78% before fee waivers). There are no sales loads or redemption fees. In fiscal 2023 the fund paid $139K in broker commissions, 0.3007% of average net assets, and portfolio turnover was 220%.
GAVIX Fees and Expenses
Annual operating expenses and sales charges of GAVIX. Prospectus, as of December 31, 2023.
| Annual operating expenses | |
|---|---|
| Management fee | 0.90% |
| 12b-1 fee | — |
| Other expenses | 0.79% |
| Gross expense ratio | 1.78% |
| Fee waiver | −0.43% |
| Net expense ratio | 1.35% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| Max deferred load | 0.00% |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | Yes |
GAVIX Costs Over Time
On $10,000 invested in GAVIX, assuming 5% a year before costs, total costs come to $1,019 over 5 years, cutting the return by 1.73% 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 1.35%) | $142 | $439 | $757 |
| Trading costs (broker commissions) | $32 | $98 | $169 |
| Lost growth on money paid in costs | $0 | $27 | $94 |
| Total costs | $173 | $564 | $1,019 |
| Value after costs | $10,327 | $11,012 | $11,744 |
| Impact on return, per year | 1.73% | 1.73% | 1.73% |
GAVIX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending August 31, 2023.
- Explicit cost rate (commissions ÷ average net assets): 0.3007%
- Total broker commissions: $139K
- Bought from dealers (principal trades, not a cost): $27.1M
- Portfolio turnover (prospectus): 220%
- Securities lending: none during the year
GAVIX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| INSTINET, LLC | $139K | 100.00% |
GAVIX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| BROWN BROTHERS HARRIMAN & CO. | $27.1M | 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 Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date.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.