GRHAX Fees and Costs — Goehring & Rozencwajg Resources Fund, Retail Class
Data updated: 2026-10-05
The net expense ratio is 1.25% (1.40% before fee waivers). There are no sales loads or redemption fees. In fiscal 2026 the fund paid $661K in broker commissions, 0.0845% of average net assets, and portfolio turnover was 26%.
GRHAX Fees and Expenses
Annual operating expenses and sales charges of GRHAX. Prospectus, as of September 28, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.90% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.18% |
| Gross expense ratio | 1.40% |
| Fee waiver | −0.15% |
| Net expense ratio | 1.25% |
| 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 |
GRHAX Costs Over Time
On $10,000 invested in GRHAX, assuming 5% a year before costs, total costs come to $829 over 5 years, cutting the return by 1.40% 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 1.25%) | $131 | $408 | $705 |
| Trading costs (broker commissions) | $9 | $28 | $48 |
| Lost growth on money paid in costs | $0 | $22 | $76 |
| Total costs | $140 | $457 | $829 |
| Value after costs | $10,360 | $11,119 | $11,934 |
| Impact on return, per year | 1.40% | 1.40% | 1.40% |
GRHAX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending May 31, 2026.
- Explicit cost rate (commissions ÷ average net assets): 0.0845%
- Total broker commissions: $661K
- Bought from dealers (principal trades, not a cost): $6.2M
- Portfolio turnover (prospectus): 26%
- Securities lending: none during the year
GRHAX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| RBC Capital Markets, LLC | $415K | 62.74% |
| BMO Capital Markets Corp. | $161K | 24.35% |
| Haywood Securities (USA) Inc. | $47K | 7.18% |
| Capital One Securities, Inc. | $37K | 5.67% |
| Canaccord Genuity LLC | $413 | 0.06% |
GRHAX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| BMO Capital Markets Corp. | $2.8M | 45.94% |
| Canaccord Genuity LLC | $1.2M | 19.24% |
| RBC Capital Markets LLC | $1.2M | 18.79% |
| Stifel, Nicolaus & Company, Incorporated | $992K | 16.03% |
Goehring & Rozencwajg Resources Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| GRHIX | Institutional Class | 0.92% | — |
| GRHAX | Retail Class | 1.25% | — |
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.