GLCIX Fees and Costs — Counterpoint Global Portfolio, Class I
Data updated: 2024-08-23
The net expense ratio is 1.05%: a 0.80% management fee plus 4.83% other expenses, less a 4.58% fee waiver. There are no sales loads or redemption fees. In fiscal 2023 the fund paid $4K in broker commissions, 0.0458% of average net assets, and portfolio turnover was 55%.
GLCIX Fees and Expenses
Annual operating expenses and sales charges of GLCIX. Prospectus, as of April 30, 2024.
| Annual operating expenses | |
|---|---|
| Management fee | 0.80% |
| 12b-1 fee | 0.00% |
| Other expenses | 4.83% |
| Gross expense ratio | 5.63% |
| Fee waiver | −4.58% |
| Net expense ratio | 1.05% |
| 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 |
GLCIX Costs Over Time
On $10,000 invested in GLCIX, assuming 5% a year before costs, total costs come to $684 over 5 years, cutting the return by 1.15% 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 1.05%) | $110 | $344 | $595 |
| Trading costs (broker commissions) | $5 | $15 | $26 |
| Lost growth on money paid in costs | $0 | $18 | $63 |
| Total costs | $115 | $376 | $684 |
| Value after costs | $10,385 | $11,200 | $12,079 |
| Impact on return, per year | 1.15% | 1.15% | 1.15% |
GLCIX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending December 31, 2023.
- Explicit cost rate (commissions ÷ average net assets): 0.0458%
- Total broker commissions: $4K
- Bought from dealers (principal trades, not a cost): $4.6M
- Portfolio turnover (prospectus): 55%
- Securities lending: none during the year
GLCIX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Jefferies LLC | $657 | 22.73% |
| Goldman Sachs & Co. LLC | $401 | 13.86% |
| BofA Securities, Inc. | $384 | 13.30% |
| RBC Capital Markets, LLC | $384 | 13.29% |
| J.P. Morgan Securities LLC | $242 | 8.36% |
| BMO Capital Markets Corp. | $194 | 6.69% |
| Barclays Capital Inc. | $177 | 6.11% |
| Cowen and Company, LLC | $171 | 5.93% |
| UBS Securities LLC | $148 | 5.12% |
| Citigroup Global Markets Inc. | $134 | 4.63% |
GLCIX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| State Street Bank and Trust Company | $4.6M | 98.31% |
| J.P. Morgan Securities LLC | $40K | 0.86% |
| UBS Securities LLC | $24K | 0.52% |
| Goldman Sachs & Co. LLC | $12K | 0.26% |
| BNP Paribas Securities Corp. | $843 | 0.02% |
| BNY Mellon Capital Markets, LLC | $443 | 0.01% |
| CLSA Americas, LLC | $331 | 0.01% |
| Nomura Securities International, Inc. | $275 | 0.01% |
| Carnegie, Inc. | $173 | 0.00% |
| ABN AMRO Securities (USA) LLC | $127 | 0.00% |
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.