GIOFX Fees and Costs — GuideMark Opportunistic Fixed Income Fund, Institutional Shares
Data updated: 2021-02-22
The net expense ratio is 0.96%: a 0.70% management fee plus 0.62% other expenses, less a 0.36% fee waiver. There are no sales loads or redemption fees. Portfolio turnover was 71%.
GIOFX Fees and Expenses
Annual operating expenses and sales charges of GIOFX. Prospectus, as of July 31, 2020.
| Annual operating expenses | |
|---|---|
| Management fee | 0.70% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.62% |
| Gross expense ratio | 1.32% |
| Fee waiver | −0.36% |
| Net expense ratio | 0.96% |
| 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 |
GIOFX Costs Over Time
On $10,000 invested in GIOFX, assuming 5% a year before costs, total costs come to $601 over 5 years, cutting the return by 1.01% 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 | $315 | $546 |
| Lost growth on money paid in costs | $0 | $16 | $55 |
| Total costs | $101 | $330 | $601 |
| Value after costs | $10,399 | $11,246 | $12,162 |
| Impact on return, per year | 1.01% | 1.01% | 1.01% |
GIOFX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending March 31, 2020.
- Explicit cost rate (commissions ÷ average net assets): —
- Total broker commissions: —
- Bought from dealers (principal trades, not a cost): $82.1M
- Portfolio turnover (prospectus): 71%
- Securities lending: none during the year
GIOFX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| J.P. Morgan Securities LLC | $22.1M | 30.23% |
| Citigroup Global Markets Inc | $17.9M | 24.44% |
| Goldman Sachs & Co. LLC | $8.2M | 11.23% |
| Nomura Securities International, Inc. | $6.5M | 8.85% |
| Santander Securities LLC | $4.1M | 5.57% |
| MERRILL LYNCH PROFESSIONAL CLEARING CORP. | $3.9M | 5.36% |
| HSBC Securities (USA) Inc. | $3.5M | 4.74% |
| Morgan Stanley and Co Inc | $3.2M | 4.45% |
| BBVA SECURITIES INC. | $2.5M | 3.38% |
| Barclay Investments Ltd | $1.3M | 1.76% |
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.