GMTEX Fees and Costs — GuideMark Tax-Exempt Fixed Income Fund, Service Shares
Data updated: 2021-02-22
The net expense ratio is 1.29%: a 0.50% management fee, a 0.25% 12b-1 fee plus 0.78% other expenses, less a 0.24% fee waiver. There are no sales loads or redemption fees. Portfolio turnover was 36%.
GMTEX Fees and Expenses
Annual operating expenses and sales charges of GMTEX. Prospectus, as of July 31, 2020.
| Annual operating expenses | |
|---|---|
| Management fee | 0.50% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.78% |
| Gross expense ratio | 1.53% |
| Fee waiver | −0.24% |
| Net expense ratio | 1.29% |
| 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 |
GMTEX Costs Over Time
On $10,000 invested in GMTEX, assuming 5% a year before costs, total costs come to $802 over 5 years, cutting the return by 1.35% 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 1.29%) | $135 | $421 | $728 |
| Lost growth on money paid in costs | $0 | $21 | $74 |
| Total costs | $135 | $442 | $802 |
| Value after costs | $10,365 | $11,134 | $11,961 |
| Impact on return, per year | 1.35% | 1.35% | 1.35% |
GMTEX 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): —
- Total broker commissions: —
- Bought from dealers (principal trades, not a cost): $7.8M
- Portfolio turnover (prospectus): 36%
- Securities lending: none during the year
GMTEX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Wells Fargo Securities LLC | $1.4M | 20.60% |
| Citigroup Global Markets Inc. | $1.2M | 18.51% |
| Morgan Stanley and Co Inc | $886K | 13.42% |
| Merrill Lynch Professional Clearing Corp. | $673K | 10.20% |
| National Financial Services LLC | $566K | 8.57% |
| Barclay Investments Ltd | $499K | 7.56% |
| JP Morgan Chase | $379K | 5.75% |
| Goldman Sachs & Co. LLC | $367K | 5.55% |
| R. Seelaus & Co. Inc. | $332K | 5.03% |
| RBC Capital Markets LLC | $318K | 4.81% |
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.