GTLOX Fees and Costs — Disciplined U.S. Equity Portfolio, Advisor Shares
Data updated: 2026-09-14
The net expense ratio is 0.86%: a 0.55% management fee plus 0.31% other expenses. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $365K in broker commissions, 0.0690% of average net assets, and portfolio turnover was 103%.
GTLOX Fees and Expenses
Annual operating expenses and sales charges of GTLOX. Prospectus, as of October 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.55% |
| 12b-1 fee | — |
| Other expenses | 0.31% |
| Gross expense ratio | 0.86% |
| Fee waiver | — |
| Net expense ratio | 0.86% |
| 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 |
GTLOX Costs Over Time
On $10,000 invested in GTLOX, assuming 5% a year before costs, total costs come to $582 over 5 years, cutting the return by 0.98% 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 0.86%) | $90 | $282 | $489 |
| Trading costs (broker commissions) | $7 | $23 | $39 |
| Lost growth on money paid in costs | $0 | $15 | $53 |
| Total costs | $98 | $320 | $582 |
| Value after costs | $10,402 | $11,257 | $12,181 |
| Impact on return, per year | 0.98% | 0.98% | 0.98% |
GTLOX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending October 31, 2025.
- Explicit cost rate (commissions ÷ average net assets): 0.0690%
- Total broker commissions: $365K
- Bought from dealers (principal trades, not a cost): $599.1M
- Portfolio turnover (prospectus): 103%
- Securities on loan, average value: $2.1M
- Net income from securities lending: $2K (0.000% of average net assets)
GTLOX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Morgan Stanley & Co. LLC | $293K | 80.70% |
| Nomura Securities International, Inc. | $32K | 8.90% |
| Barclays Capital Inc. | $13K | 3.55% |
| Piper Sandler & Co. | $8K | 2.28% |
| Citigroup Global Markets Inc. | $5K | 1.24% |
| Strategas Securities, LLC | $4K | 1.16% |
| Jefferies LLC | $3K | 0.89% |
| Loop Capital Markets LLC | $2K | 0.55% |
| BofA Securities, Inc. | $2K | 0.49% |
| RBC Capital Markets, LLC | $858 | 0.24% |
GTLOX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| State Street Bank and Trust Company | $599.1M | 100.00% |
Disciplined U.S. Equity Portfolio Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| GTLIX | Institutional Shares | 0.66% | — |
| GTLOX | Advisor Shares | 0.86% | — |
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.