GMEZX Fees and Costs — Impact Equity Fund, Investor Class
Data updated: 2025-08-26
The net expense ratio is 1.22%: a 0.63% management fee plus 0.96% other expenses, less a 0.38% fee waiver. There are no sales loads or redemption fees. In fiscal 2024 the fund paid $15K in broker commissions, 0.0132% of average net assets, and portfolio turnover was 29%.
GMEZX Fees and Expenses
Annual operating expenses and sales charges of GMEZX. Prospectus, as of April 30, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.63% |
| 12b-1 fee | — |
| Other expenses | 0.96% |
| Gross expense ratio | 1.60% |
| Fee waiver | −0.38% |
| Net expense ratio | 1.22% |
| 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 |
GMEZX Costs Over Time
On $10,000 invested in GMEZX, assuming 5% a year before costs, total costs come to $768 over 5 years, cutting the return by 1.29% 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 1.22%) | $128 | $399 | $690 |
| Trading costs (broker commissions) | $1 | $4 | $7 |
| Lost growth on money paid in costs | $0 | $20 | $71 |
| Total costs | $129 | $423 | $768 |
| Value after costs | $10,371 | $11,153 | $11,995 |
| Impact on return, per year | 1.29% | 1.29% | 1.29% |
GMEZX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending December 31, 2024.
- Explicit cost rate (commissions ÷ average net assets): 0.0132%
- Total broker commissions: $15K
- Bought from dealers (principal trades, not a cost): $187.5M
- Portfolio turnover (prospectus): 29%
- Securities on loan, average value: $769K
- Net income from securities lending: $1K (0.001% of average net assets)
GMEZX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| GOLDMAN SACHS INTERNATIONAL | $2K | 17.05% |
| GOLDMAN SACHS & CO. LLC | $1K | 13.60% |
| LIQUIDNET, INC. | $1K | 13.42% |
| Merrill Lynch International | $1K | 11.35% |
| CITIBANK EUROPE PLC, GERMANY BRANCH | $1K | 10.63% |
| JEFFERIES LLC | $942 | 9.10% |
| J.P. Morgan Securities LLC | $916 | 8.85% |
| ITG AUSTRALIA LIMITED | $616 | 5.95% |
| MORGAN STANLEY & CO. INTERNATIONAL PLC | $528 | 5.10% |
| UBS AG | $512 | 4.95% |
GMEZX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| GUIDESTONE MONEY MARKET FUND | $114.3M | 71.81% |
| GOLDMAN SACHS INTERNATIONAL | $8.1M | 5.12% |
| Merrill Lynch International | $8.1M | 5.11% |
| MORGAN STANLEY & CO. LLC | $5.4M | 3.42% |
| JEFFERIES LLC | $4.5M | 2.82% |
| COWEN EXECUTION SERVICES LLC | $4.2M | 2.62% |
| UBS AG STAMFORD BRANCH | $4.0M | 2.49% |
| J.P. Morgan Securities LLC | $3.9M | 2.46% |
| WILLIAM BLAIR & COMPANY, L.L.C. | $3.7M | 2.34% |
| LIQUIDNET, INC. | $2.9M | 1.80% |
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.