GLSCX Fees and Costs — Great Lakes Small Cap Opportunity Fund, Investor Class
Data updated: 2022-11-21
The net expense ratio is 1.24%: a 0.60% management fee, a 0.25% 12b-1 fee plus 0.46% other expenses, less a 0.07% fee waiver. There are no sales loads or redemption fees. In fiscal 2022 the fund paid $53K in broker commissions, 0.1080% of average net assets, and portfolio turnover was 46%.
GLSCX Fees and Expenses
Annual operating expenses and sales charges of GLSCX. Prospectus, as of July 31, 2022.
| Annual operating expenses | |
|---|---|
| Management fee | 0.60% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.46% |
| Gross expense ratio | 1.31% |
| Fee waiver | −0.07% |
| Net expense ratio | 1.24% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | No |
| Fees waived or reduced during the year | No |
| Waived fees subject to recoupment | No |
GLSCX Costs Over Time
On $10,000 invested in GLSCX, assuming 5% a year before costs, total costs come to $837 over 5 years, cutting the return by 1.42% 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 1.24%) | $130 | $405 | $699 |
| Trading costs (broker commissions) | $11 | $35 | $61 |
| Lost growth on money paid in costs | $0 | $22 | $77 |
| Total costs | $142 | $462 | $837 |
| Value after costs | $10,358 | $11,114 | $11,925 |
| Impact on return, per year | 1.42% | 1.42% | 1.42% |
GLSCX 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): 0.1080%
- Total broker commissions: $53K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 46%
- Securities on loan, average value: —
- Net income from securities lending: —
GLSCX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| INSTINET LLC | $53K | 100.00% |
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 Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date.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.