GHAIX Fees and Costs — Global Resources Fund, Class I
Data updated: 2026-08-26
The net expense ratio is 0.96%: a 0.95% management fee plus 0.16% other expenses, less a 0.15% fee waiver. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $325K in broker commissions, 0.0623% of average net assets, and portfolio turnover was 58%.
GHAIX Fees and Expenses
Annual operating expenses and sales charges of GHAIX. Prospectus, as of May 1, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.95% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.16% |
| Gross expense ratio | 1.11% |
| Fee waiver | −0.15% |
| Net expense ratio | 0.96% |
| 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 | No |
GHAIX Costs Over Time
On $10,000 invested in GHAIX, assuming 5% a year before costs, total costs come to $639 over 5 years, cutting the return by 1.07% 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 0.96%) | $101 | $314 | $545 |
| Trading costs (broker commissions) | $7 | $20 | $35 |
| Lost growth on money paid in costs | $0 | $17 | $59 |
| Total costs | $107 | $351 | $639 |
| Value after costs | $10,393 | $11,225 | $12,124 |
| Impact on return, per year | 1.07% | 1.07% | 1.07% |
GHAIX 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): 0.0623%
- Total broker commissions: $325K
- Bought from dealers (principal trades, not a cost): $423.0M
- Portfolio turnover (prospectus): 58%
- Securities on loan, average value: $38.5M
- Net income from securities lending: $82K (0.016% of average net assets)
GHAIX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| BofA Securities, Inc. | $54K | 22.22% |
| Jefferies LLC | $29K | 12.02% |
| BNY Capital Markets, LLC | $28K | 11.63% |
| BMO Capital Markets Corp. | $25K | 10.21% |
| J.P. Morgan Securities LLC | $23K | 9.41% |
| Barclays Capital Inc. | $23K | 9.40% |
| Goldman Sachs & Co. LLC | $20K | 8.33% |
| National Financial Services LLC | $18K | 7.53% |
| Morgan Stanley & Co. LLC | $12K | 4.88% |
| Citigroup Global Markets Inc. | $11K | 4.37% |
GHAIX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| State Street Bank and Trust Company | $414.7M | 98.04% |
| J.P. Morgan Securities LLC | $3.8M | 0.89% |
| Goldman Sachs & Co. LLC | $3.1M | 0.73% |
| Morgan Stanley & Co. LLC | $1.1M | 0.26% |
| BMO Capital Markets Corp. | $326K | 0.08% |
Global Resources Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| GHAIX | Class I | 0.96% | none |
| GHAYX | Class Y | 1.13% | none |
| GHAAX | Class A | 1.38% | 5.75% |
| GHACX | Class C | 2.20% | — |
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.