GEMYX Fees and Costs — Emerging Markets Equity Fund, Institutional Class
Data updated: 2026-08-27
The net expense ratio is 1.04%: a 0.84% management fee plus 0.24% other expenses, less a 0.05% fee waiver. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $843K in broker commissions, 0.1012% of average net assets, and portfolio turnover was 62%.
GEMYX Fees and Expenses
Annual operating expenses and sales charges of GEMYX. Prospectus, as of December 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.84% |
| 12b-1 fee | — |
| Other expenses | 0.24% |
| Gross expense ratio | 1.09% |
| Fee waiver | −0.05% |
| Net expense ratio | 1.04% |
| 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 |
GEMYX Costs Over Time
On $10,000 invested in GEMYX, assuming 5% a year before costs, total costs come to $712 over 5 years, cutting the return by 1.20% 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 1.04%) | $109 | $340 | $589 |
| Trading costs (broker commissions) | $11 | $33 | $57 |
| Lost growth on money paid in costs | $0 | $19 | $65 |
| Total costs | $120 | $392 | $712 |
| Value after costs | $10,380 | $11,184 | $12,051 |
| Impact on return, per year | 1.20% | 1.20% | 1.20% |
GEMYX 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): 0.1012%
- Total broker commissions: $843K
- Bought from dealers (principal trades, not a cost): $1.9B
- Portfolio turnover (prospectus): 62%
- Securities on loan, average value: $17.9M
- Net income from securities lending: $139K (0.017% of average net assets)
GEMYX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| GOLDMAN SACHS & CO. LLC | $122K | 17.45% |
| MORGAN STANLEY & CO. LLC | $121K | 17.32% |
| CITIGROUP GLOBAL MARKETS INC. | $114K | 16.34% |
| BARCLAYS BANK PLC | $101K | 14.42% |
| Merrill Lynch International | $92K | 13.21% |
| INSTINET EUROPE LIMITED | $65K | 9.35% |
| J.P. MORGAN SECURITIES LLC | $29K | 4.15% |
| BOFA SECURITIES INC. | $26K | 3.69% |
| JEFFERIES LLC | $16K | 2.25% |
| UBS AG | $13K | 1.82% |
GEMYX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| GUIDESTONE MONEY MARKET FUND | $523.9M | 32.76% |
| The Northern Trust Company | $306.2M | 19.15% |
| Merrill Lynch International | $183.1M | 11.45% |
| GOLDMAN SACHS & CO. LLC | $168.6M | 10.54% |
| INSTINET EUROPE LIMITED | $159.4M | 9.96% |
| MORGAN STANLEY & CO. LLC | $109.1M | 6.82% |
| JPMorgan Chase Bank, National Association | $49.1M | 3.07% |
| BOFA SECURITIES INC. | $36.8M | 2.30% |
| J.P. MORGAN SECURITIES LLC | $33.3M | 2.08% |
| CITIGROUP GLOBAL MARKETS INC. | $30.0M | 1.88% |
Emerging Markets Equity Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| GEMYX | Institutional Class | 1.04% | — |
| GEMZX | Investor Class | 1.29% | — |
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.