PGERX Fees and Costs — Polen Emerging Markets Growth Fund
Data updated: 2026-07-14
The net expense ratio is 1.50% (2.19% before fee waivers). There are no sales loads or redemption fees. In fiscal 2026 the fund paid $26K in broker commissions, 0.2363% of average net assets, and portfolio turnover was 31%.
PGERX Fees and Expenses
Annual operating expenses and sales charges of PGERX. Prospectus, as of August 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 1.00% |
| 12b-1 fee | — |
| Other expenses | 0.94% |
| Gross expense ratio | 2.19% |
| Fee waiver | −0.69% |
| Net expense ratio | 1.50% |
| 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 |
PGERX Costs Over Time
On $10,000 invested in PGERX, assuming 5% a year before costs, total costs come to $1,070 over 5 years, cutting the return by 1.82% 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 1.50%) | $158 | $488 | $839 |
| Trading costs (broker commissions) | $25 | $77 | $132 |
| Lost growth on money paid in costs | $0 | $28 | $99 |
| Total costs | $182 | $593 | $1,070 |
| Value after costs | $10,318 | $10,984 | $11,693 |
| Impact on return, per year | 1.82% | 1.82% | 1.82% |
PGERX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending April 30, 2026.
- Explicit cost rate (commissions ÷ average net assets): 0.2363%
- Total broker commissions: $26K
- Bought from dealers (principal trades, not a cost): $191K
- Portfolio turnover (prospectus): 31%
- Securities lending: none during the year
PGERX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| CLSA AMERICAS, LLC | $8K | 32.98% |
| JEFFERIES LLC | $4K | 16.95% |
| CREDIT LYONNAIS | $3K | 11.05% |
| KB Securities Co., Ltd | $2K | 9.86% |
| UBS Securities LLC | $2K | 9.61% |
| EFG Hermes Holding SAE | $2K | 7.88% |
| JP MORGAN SECURITIES LLC | $1K | 5.22% |
| GOLDMAN SACHS & CO. LLC | $720 | 2.88% |
| MORGAN STANLEY & CO. LLC | $600 | 2.40% |
| MOTILAL OSWAL SECURITIES INTERNATIONAL PRIVATE LIMITED | $290 | 1.16% |
PGERX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| UBS SECURITIES LLC | $191K | 100.00% |
Polen Emerging Markets Growth Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| PGEIX | Institutional Class | 1.25% | — |
| PGERX | C000217915 | 1.50% | — |
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.