GLLIX Fees and Costs — Great Lakes Large Cap Value Fund, Institutional Class
Data updated: 2022-11-21
The net expense ratio is 0.85%: a 0.60% management fee plus 0.42% other expenses, less a 0.17% fee waiver. There are no sales loads or redemption fees. In fiscal 2022 the fund paid $28K in broker commissions, 0.0655% of average net assets, and portfolio turnover was 56%.
GLLIX Fees and Expenses
Annual operating expenses and sales charges of GLLIX. Prospectus, as of July 31, 2022.
| Annual operating expenses | |
|---|---|
| Management fee | 0.60% |
| 12b-1 fee | — |
| Other expenses | 0.42% |
| Gross expense ratio | 1.02% |
| Fee waiver | −0.17% |
| Net expense ratio | 0.85% |
| 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 |
GLLIX Costs Over Time
On $10,000 invested in GLLIX, assuming 5% a year before costs, total costs come to $574 over 5 years, cutting the return by 0.96% 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 0.85%) | $89 | $279 | $484 |
| Trading costs (broker commissions) | $7 | $21 | $37 |
| Lost growth on money paid in costs | $0 | $15 | $53 |
| Total costs | $96 | $315 | $574 |
| Value after costs | $10,404 | $11,261 | $12,189 |
| Impact on return, per year | 0.96% | 0.96% | 0.96% |
GLLIX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending March 31, 2022.
- Explicit cost rate (commissions ÷ average net assets): 0.0655%
- Total broker commissions: $28K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 56%
- Securities lending: none during the year
GLLIX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| INSTINET LLC | $22K | 79.18% |
| MORGAN STANLEY & CO. LLC | $4K | 13.40% |
| SANFORD C. BERNSTEIN & CO. LLC | $1K | 5.13% |
| UBS SECURITIES LLC | $636 | 2.29% |
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 Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date.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.