PGXIX Fees and Costs — Polen Emerging Markets ex China Growth Fund, Institutional Class
Data updated: 2024-03-25
The net expense ratio is 1.25%: a 1.00% management fee plus 7.78% other expenses, less a 7.53% fee waiver. There are no sales loads or redemption fees. In fiscal 2023 the fund paid $2K in broker commissions, 0.1174% of average net assets, and portfolio turnover was 0%.
PGXIX Fees and Expenses
Annual operating expenses and sales charges of PGXIX. Prospectus, as of August 31, 2023.
| Annual operating expenses | |
|---|---|
| Management fee | 1.00% |
| 12b-1 fee | — |
| Other expenses | 7.78% |
| Gross expense ratio | 8.78% |
| Fee waiver | −7.53% |
| 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 |
PGXIX Costs Over Time
On $10,000 invested in PGXIX, assuming 5% a year before costs, total costs come to $849 over 5 years, cutting the return by 1.44% 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 | $38 | $66 |
| Lost growth on money paid in costs | $0 | $22 | $78 |
| Total costs | $144 | $468 | $849 |
| Value after costs | $10,356 | $11,108 | $11,914 |
| Impact on return, per year | 1.44% | 1.44% | 1.44% |
PGXIX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending April 30, 2023.
- Explicit cost rate (commissions ÷ average net assets): 0.1174%
- Total broker commissions: $2K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 0%
- Securities lending: none during the year
PGXIX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| EFG Hermes Holding SAE | $663 | 36.55% |
| JONESTRADING INSTITUTIONAL SERVICES LLC | $483 | 26.63% |
| INSTINET, LLC | $408 | 22.49% |
| CLSA AMERICAS, LLC | $164 | 9.04% |
| JEFFERIES LLC | $96 | 5.29% |
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 Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date.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.