LLGLX Fees and Costs — Longleaf Partners Global Fund
Data updated: 2026-08-31
The net expense ratio is 0.95%: a 0.86% management fee plus 0.10% other expenses, less a 0.01% fee waiver. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $170K in broker commissions, 0.0647% of average net assets, and portfolio turnover was 70%.
LLGLX Fees and Expenses
Annual operating expenses and sales charges of LLGLX. Prospectus, as of April 30, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.86% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.10% |
| Gross expense ratio | 0.96% |
| Fee waiver | −0.01% |
| Net expense ratio | 0.95% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| 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 | No |
LLGLX Costs Over Time
On $10,000 invested in LLGLX, assuming 5% a year before costs, total costs come to $635 over 5 years, cutting the return by 1.07% 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 0.95%) | $100 | $311 | $540 |
| Trading costs (broker commissions) | $7 | $21 | $37 |
| Lost growth on money paid in costs | $0 | $16 | $58 |
| Total costs | $107 | $349 | $635 |
| Value after costs | $10,393 | $11,227 | $12,128 |
| Impact on return, per year | 1.07% | 1.07% | 1.07% |
LLGLX 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): 0.0647%
- Total broker commissions: $170K
- Bought from dealers (principal trades, not a cost): $469.9M
- Portfolio turnover (prospectus): 70%
- Securities lending: none during the year
LLGLX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Jeffries & Company | $42K | 28.68% |
| Morgan Stanley | $25K | 16.60% |
| UBS Securities, LLC | $20K | 13.33% |
| Liquidnet, Inc. | $17K | 11.23% |
| SG Cowen and Company | $14K | 9.16% |
| BMO Capital Markets Corp | $11K | 7.35% |
| JP Morgan Securities LLC | $8K | 5.26% |
| BOFA Securities, Inc. | $7K | 4.60% |
| BIDSUBS | $3K | 1.89% |
| Wells Fargo Brokerage Services, LLC | $3K | 1.89% |
LLGLX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Merger Transaction with Longleaf International Fund | $436.2M | 92.83% |
| Morgan Stanley & Co LLC | $33.7M | 7.17% |
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.