GMBYX Fees and Costs — Impact Bond Fund, Institutional Class
Data updated: 2026-08-27
The net expense ratio is 0.48%: a 0.37% management fee plus 0.34% other expenses, less a 0.24% fee waiver. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $754 in broker commissions, 0.0008% of average net assets, and portfolio turnover was 114%.
GMBYX Fees and Expenses
Annual operating expenses and sales charges of GMBYX. Prospectus, as of December 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.37% |
| 12b-1 fee | — |
| Other expenses | 0.34% |
| Gross expense ratio | 0.72% |
| Fee waiver | −0.24% |
| Net expense ratio | 0.48% |
| 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 |
GMBYX Costs Over Time
On $10,000 invested in GMBYX, assuming 5% a year before costs, total costs come to $304 over 5 years, cutting the return by 0.50% 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 0.48%) | $50 | $158 | $276 |
| Trading costs (broker commissions) | $0 | $0 | $0 |
| Lost growth on money paid in costs | $0 | $8 | $28 |
| Total costs | $50 | $166 | $304 |
| Value after costs | $10,450 | $11,410 | $12,459 |
| Impact on return, per year | 0.50% | 0.50% | 0.50% |
GMBYX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending December 31, 2025.
- Explicit cost rate (commissions ÷ average net assets): 0.0008%
- Total broker commissions: $754
- Bought from dealers (principal trades, not a cost): $288.8M
- Portfolio turnover (prospectus): 114%
- Securities on loan, average value: $2.0M
- Net income from securities lending: $3K (0.003% of average net assets)
GMBYX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| GOLDMAN SACHS & CO. LLC | $593 | 78.64% |
| JPMORGAN CHASE BANK NATIONAL ASSOCIATION | $37 | 4.94% |
| MIZUHO SECURITIES USA LLC | $35 | 4.68% |
| BOFA SECURITIES INC. | $26 | 3.47% |
| Citibank, National Association | $25 | 3.32% |
| BNP PARIBAS SECURITIES CORP. | $14 | 1.82% |
| BARCLAYS CAPITAL INC | $12 | 1.56% |
| RBC CAPITAL MARKETS, LLC | $9 | 1.19% |
| DEUTSCHE BANK SECURITIES INC. | $3 | 0.38% |
GMBYX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| WELLS FARGO SECURITIES, LLC | $106.2M | 40.14% |
| GUIDESTONE MONEY MARKET FUND | $88.4M | 33.39% |
| JPMorgan Chase Bank, National Association | $18.6M | 7.04% |
| Bank of America, National Association | $12.7M | 4.81% |
| CITIGROUP GLOBAL MARKETS INC. | $10.5M | 3.97% |
| GOLDMAN SACHS & CO. LLC | $8.5M | 3.20% |
| MORGAN STANLEY & CO. LLC | $5.9M | 2.23% |
| BARCLAYS BANK PLC | $5.6M | 2.10% |
| DEUTSCHE BANK SECURITIES INC. | $5.1M | 1.92% |
| BOFA SECURITIES INC. | $3.2M | 1.20% |
Impact Bond Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| GMBYX | Institutional Class | 0.48% | — |
| GMBZX | Investor Class | 0.73% | — |
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.