LVSMX Fees and Costs — SGI U.S. Small Cap Equity Fund, Class A
Data updated: 2024-01-26
The net expense ratio is 1.48%: a 0.95% management fee, a 0.25% 12b-1 fee plus 0.51% other expenses, less a 0.23% fee waiver. This share class carries a maximum front-end sales load of 5.25%. In fiscal 2023 the fund paid $18K in broker commissions, 0.0484% of average net assets, and portfolio turnover was 123%.
LVSMX Fees and Expenses
Annual operating expenses and sales charges of LVSMX. Prospectus, as of December 31, 2022.
| Annual operating expenses | |
|---|---|
| Management fee | 0.95% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.51% |
| Gross expense ratio | 1.71% |
| Fee waiver | −0.23% |
| Net expense ratio | 1.48% |
| Sales charges | |
|---|---|
| Max front load | 5.25% |
| Max deferred load | 0.00% |
| Redemption fee | 0.00% |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | Yes |
LVSMX Costs Over Time
On $10,000 invested in LVSMX, assuming 5% a year before costs, total costs come to $1,566 over 5 years, cutting the return by 2.71% 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 |
| Sales charges | $525 | $525 | $525 |
| Fund expenses (net expense ratio 1.48%) | $147 | $457 | $788 |
| Trading costs (broker commissions) | $5 | $15 | $26 |
| Lost growth on money paid in costs | $26 | $106 | $228 |
| Total costs | $703 | $1,103 | $1,566 |
| Value after costs | $9,797 | $10,473 | $11,196 |
| Impact on return, per year | 7.03% | 3.45% | 2.71% |
LVSMX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending August 31, 2023.
- Explicit cost rate (commissions ÷ average net assets): 0.0484%
- Total broker commissions: $18K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 123%
- Securities lending: none during the year
LVSMX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| MERRILL LYNCH, PIERCE, FENNER & SMITH INCORPORATED | $11K | 63.39% |
| EMPIRICAL RESEARCH PARTNERS LLC | $2K | 13.11% |
| INSTINET CLEARING SERVICES INC. | $2K | 12.20% |
| WELLS FARGO SECURITIES, LLC | $2K | 11.18% |
| BARCLAY INVESTMENTS LTD. | $20 | 0.11% |
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.