GHTIX Fees and Costs — Leland Real Asset Opportunities Fund, Class I
Data updated: 2020-08-28
The net expense ratio is 1.59% (1.65% before fee waivers). This share class carries a redemption fee of 1.00%. In fiscal 2019 the fund paid $23K in broker commissions, 0.1285% of average net assets, and portfolio turnover was 50%.
GHTIX Fees and Expenses
Annual operating expenses and sales charges of GHTIX. Prospectus, as of February 29, 2020.
| Annual operating expenses | |
|---|---|
| Management fee | 0.90% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.66% |
| Gross expense ratio | 1.65% |
| Fee waiver | −0.06% |
| Net expense ratio | 1.59% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| Max deferred load | 0.00% |
| Redemption fee | 1.00% |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | Yes |
GHTIX Costs Over Time
On $10,000 invested in GHTIX, assuming 5% a year before costs, total costs come to $1,060 over 5 years, cutting the return by 1.80% 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 1.59%) | $167 | $517 | $890 |
| Trading costs (broker commissions) | $13 | $42 | $72 |
| Lost growth on money paid in costs | $0 | $28 | $98 |
| Total costs | $180 | $587 | $1,060 |
| Value after costs | $10,320 | $10,990 | $11,703 |
| Impact on return, per year | 1.80% | 1.80% | 1.80% |
GHTIX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending September 30, 2019.
- Explicit cost rate (commissions ÷ average net assets): 0.1285%
- Total broker commissions: $23K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 50%
- Securities lending: none during the year
GHTIX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Wolverine Trading LLC | $23K | 99.14% |
| Wexford Clearing Services LLC | $197 | 0.86% |
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 Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date.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.