POGSX Fees and Costs — Pin Oak Equity Fund
Data updated: 2026-09-29
The net expense ratio is 0.95%: a 0.74% management fee plus 0.21% other expenses. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $8K in broker commissions, 0.0057% of average net assets, and portfolio turnover was 7%.
POGSX Fees and Expenses
Annual operating expenses and sales charges of POGSX. Prospectus, as of February 28, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.74% |
| 12b-1 fee | — |
| Other expenses | 0.21% |
| Gross expense ratio | 0.95% |
| Fee waiver | — |
| Net expense ratio | 0.95% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | No |
| Waived fees subject to recoupment | No |
POGSX Costs Over Time
On $10,000 invested in POGSX, assuming 5% a year before costs, total costs come to $598 over 5 years, cutting the return by 1.00% 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 0.95%) | $100 | $311 | $540 |
| Trading costs (broker commissions) | $1 | $2 | $3 |
| Lost growth on money paid in costs | $0 | $16 | $55 |
| Total costs | $100 | $329 | $598 |
| Value after costs | $10,400 | $11,248 | $12,164 |
| Impact on return, per year | 1.00% | 1.00% | 1.00% |
POGSX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending October 31, 2025.
- Explicit cost rate (commissions ÷ average net assets): 0.0057%
- Total broker commissions: $8K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 7%
- Securities on loan, average value: $4.5M
- Net income from securities lending: $5K (0.004% of average net assets)
POGSX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| MORGAN STANLEY & CO INC | $4K | 50.93% |
| INSTINET, LLC | $3K | 35.03% |
| KEYBANC CAPITAL MARKETS INC | $726 | 9.36% |
| J.P. MORGAN SECURITIES LLC | $363 | 4.68% |
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 Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date.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.