PBGIX Fees and Costs — Polen Global SMID Company Growth Fund, Institutional Class
Data updated: 2024-07-15
The net expense ratio is 1.25%: a 1.00% management fee plus 1.69% other expenses, less a 1.44% fee waiver. There are no sales loads or redemption fees. In fiscal 2024 the fund paid $13K in broker commissions, 0.1132% of average net assets, and portfolio turnover was 41%.
PBGIX Fees and Expenses
Annual operating expenses and sales charges of PBGIX. Prospectus, as of August 31, 2023.
| Annual operating expenses | |
|---|---|
| Management fee | 1.00% |
| 12b-1 fee | — |
| Other expenses | 1.69% |
| Gross expense ratio | 2.69% |
| Fee waiver | −1.44% |
| 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 |
PBGIX Costs Over Time
On $10,000 invested in PBGIX, assuming 5% a year before costs, total costs come to $847 over 5 years, cutting the return by 1.43% 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) | $12 | $37 | $64 |
| Lost growth on money paid in costs | $0 | $22 | $78 |
| Total costs | $143 | $467 | $847 |
| Value after costs | $10,357 | $11,109 | $11,916 |
| Impact on return, per year | 1.43% | 1.43% | 1.43% |
PBGIX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending April 30, 2024.
- Explicit cost rate (commissions ÷ average net assets): 0.1132%
- Total broker commissions: $13K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 41%
- Securities lending: none during the year
PBGIX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| JEFFERIES LLC | $5K | 43.25% |
| PERSHING LLC | $1K | 12.55% |
| SANFORD C. BERNSTEIN & CO., LLC | $792 | 6.90% |
| J.P. Morgan Securities LLC | $739 | 6.44% |
| BNP Paribas Securities Corp. | $718 | 6.26% |
| Stifel, Nicolaus & Company, Incorporated | $666 | 5.80% |
| WILLIAM BLAIR & COMPANY, L.L.C. | $620 | 5.40% |
| INSTINET, LLC | $569 | 4.96% |
| LIQUIDNET, INC. | $503 | 4.38% |
| Merrill Lynch, Pierce, Fenner & Smith Incorporated | $464 | 4.04% |
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.