PGVFX Fees and Costs — Polaris Global Value Fund
Data updated: 2026-08-26
The net expense ratio is 0.99%: a 1.00% management fee plus 0.22% other expenses, less a 0.23% fee waiver. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $171K in broker commissions, 0.0395% of average net assets, and portfolio turnover was 25%.
PGVFX Fees and Expenses
Annual operating expenses and sales charges of PGVFX. Prospectus, as of May 1, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 1.00% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.22% |
| Gross expense ratio | 1.22% |
| Fee waiver | −0.23% |
| Net expense ratio | 0.99% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| Max deferred load | 0.00% |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | Yes |
PGVFX Costs Over Time
On $10,000 invested in PGVFX, assuming 5% a year before costs, total costs come to $644 over 5 years, cutting the return by 1.08% 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 0.99%) | $104 | $324 | $562 |
| Trading costs (broker commissions) | $4 | $13 | $22 |
| Lost growth on money paid in costs | $0 | $17 | $59 |
| Total costs | $108 | $354 | $644 |
| Value after costs | $10,392 | $11,222 | $12,119 |
| Impact on return, per year | 1.08% | 1.08% | 1.08% |
PGVFX 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): 0.0395%
- Total broker commissions: $171K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 25%
- Securities lending: none during the year
PGVFX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| LIQUIDNET, INC. | $17K | 18.01% |
| GOLDMAN SACHS & CO | $13K | 13.56% |
| JEFFERIES LLC | $11K | 11.00% |
| MERRILL LYNCH PIERCE FENNER & SMITH INC | $10K | 10.83% |
| RAYMOND JAMES & ASSOCIATES, INC. | $9K | 9.77% |
| CICC US SECURITIES, INC. | $8K | 8.47% |
| CITIGROUP GLOBAL MARKETS INC. | $7K | 7.69% |
| SAMSUNG SECURITIES | $7K | 7.54% |
| KEPLER EQUITIES | $6K | 6.58% |
| MIZUHO SECURITIES USA INC | $6K | 6.55% |
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.