GLISX Fees and Costs — Great Lakes Disciplined International Smaller Company Fund, Institutional Class
Data updated: 2020-06-10
The net expense ratio is 1.46%: a 1.00% management fee plus 0.85% other expenses, less a 0.40% fee waiver. This share class carries a redemption fee of 1.00%. In fiscal 2020 the fund paid $29K in broker commissions, 0.2180% of average net assets, and portfolio turnover was 113%.
GLISX Fees and Expenses
Annual operating expenses and sales charges of GLISX. Prospectus, as of July 31, 2019.
| Annual operating expenses | |
|---|---|
| Management fee | 1.00% |
| 12b-1 fee | — |
| Other expenses | 0.85% |
| Gross expense ratio | 1.86% |
| Fee waiver | −0.40% |
| Net expense ratio | 1.46% |
| 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 |
GLISX Costs Over Time
On $10,000 invested in GLISX, assuming 5% a year before costs, total costs come to $1,035 over 5 years, cutting the return by 1.76% 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 1.46%) | $153 | $475 | $818 |
| Trading costs (broker commissions) | $23 | $71 | $122 |
| Lost growth on money paid in costs | $0 | $27 | $96 |
| Total costs | $176 | $573 | $1,035 |
| Value after costs | $10,324 | $11,003 | $11,727 |
| Impact on return, per year | 1.76% | 1.76% | 1.76% |
GLISX 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): 0.2180%
- Total broker commissions: $29K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 113%
- Securities lending: none during the year
GLISX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Instinet LLC | $24K | 83.57% |
| Jones & Associates Inc | $5K | 16.43% |
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 Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date.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.