PGAL Fees and Costs — Global X MSCI Portugal ETF
Data updated: 2024-04-01
The net expense ratio is 0.61%: a 0.55% management fee plus 0.06% other expenses. There are no sales loads or redemption fees. In fiscal 2023 the fund paid $3K in broker commissions, 0.0295% of average net assets, and portfolio turnover was 41%.
PGAL Fees and Expenses
Annual operating expenses and sales charges of PGAL. Prospectus, as of February 28, 2023.
| Annual operating expenses | |
|---|---|
| Management fee | 0.55% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.06% |
| Gross expense ratio | 0.61% |
| Fee waiver | — |
| Net expense ratio | 0.61% |
| 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 |
PGAL Costs Over Time
On $10,000 invested in PGAL, assuming 5% a year before costs, total costs come to $403 over 5 years, cutting the return by 0.67% 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 0.61%) | $64 | $201 | $349 |
| Trading costs (broker commissions) | $3 | $10 | $17 |
| Lost growth on money paid in costs | $0 | $10 | $37 |
| Total costs | $67 | $221 | $403 |
| Value after costs | $10,433 | $11,356 | $12,360 |
| Impact on return, per year | 0.67% | 0.67% | 0.67% |
PGAL Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending October 31, 2023.
- Explicit cost rate (commissions ÷ average net assets): 0.0295%
- Total broker commissions: $3K
- Bought from dealers (principal trades, not a cost): $1000K
- Portfolio turnover (prospectus): 41%
- Securities on loan, average value: $151K
- Net income from securities lending: $7K (0.060% of average net assets)
PGAL Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| GOLDMAN, SACHS & CO. | $2K | 47.60% |
| MIRAE ASSET SECURITIES | $399 | 11.93% |
| BTIG | $351 | 10.50% |
| SOCIETE GENERALE COWEN SECURITIES CORP. | $320 | 9.56% |
| CITIGROUP GLOBAL MARKETS | $258 | 7.72% |
| MIDWEST RESEARCH SECURITIES | $142 | 4.24% |
| J.P. MORGAN SECURITIES | $115 | 3.43% |
| BANK OF AMERICA | $87 | 2.59% |
| MACQUARIE CAPITAL | $80 | 2.40% |
| MORGAN STANLEY & CO, INC | $1 | 0.03% |
PGAL Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| GOLDMAN, SACHS & CO. | $1000K | 100.00% |
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.