GFGEX Fees and Costs — Guardian Capital Fundamental Global Equity Fund, Institutional Shares
Data updated: 2025-12-01
The net expense ratio is 0.99%: a 0.80% management fee plus 0.30% other expenses, less a 0.11% fee waiver. There are no sales loads or redemption fees. In fiscal 2024 the fund paid $10K in broker commissions, 0.0115% of average net assets, and portfolio turnover was 24%.
GFGEX Fees and Expenses
Annual operating expenses and sales charges of GFGEX. Prospectus, as of January 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.80% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.30% |
| Gross expense ratio | 1.10% |
| Fee waiver | −0.11% |
| Net expense ratio | 0.99% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| 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 |
GFGEX Costs Over Time
On $10,000 invested in GFGEX, assuming 5% a year before costs, total costs come to $626 over 5 years, cutting the return by 1.05% 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 0.99%) | $104 | $324 | $562 |
| Trading costs (broker commissions) | $1 | $4 | $7 |
| Lost growth on money paid in costs | $0 | $16 | $57 |
| Total costs | $105 | $344 | $626 |
| Value after costs | $10,395 | $11,232 | $12,136 |
| Impact on return, per year | 1.05% | 1.05% | 1.05% |
GFGEX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending September 30, 2024.
- Explicit cost rate (commissions ÷ average net assets): 0.0115%
- Total broker commissions: $10K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 24%
- Securities lending: none during the year
GFGEX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| MORGAN STANLEY AND CO LLC | $3K | 31.86% |
| Pavilion Global Markets Ltd | $3K | 25.57% |
| MERRILL LYNCH PIERCE FENNER & SMITH | $2K | 17.95% |
| RBC CAPITAL MARKETS LLC | $1K | 13.88% |
| ROBERT W BAIRD AND CO INCORPORATED | $1K | 10.20% |
| ROYAL BANK OF CANADA | $54 | 0.54% |
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.