PSPFX Fees and Costs — Usgi Global Resources Fund, Investor Class
Data updated: 2026-08-20
The net expense ratio is 1.75%: a 0.95% management fee, a 0.25% 12b-1 fee plus 0.90% other expenses, less a 0.35% fee waiver. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $104K in broker commissions, 0.2375% of average net assets, and portfolio turnover was 60%.
PSPFX Fees and Expenses
Annual operating expenses and sales charges of PSPFX. Prospectus, as of May 1, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.95% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.90% |
| Gross expense ratio | 2.10% |
| Fee waiver | −0.35% |
| Net expense ratio | 1.75% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| 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 | No |
PSPFX Costs Over Time
On $10,000 invested in PSPFX, assuming 5% a year before costs, total costs come to $1,219 over 5 years, cutting the return by 2.09% 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 1.75%) | $184 | $567 | $974 |
| Trading costs (broker commissions) | $25 | $77 | $132 |
| Lost growth on money paid in costs | $0 | $32 | $113 |
| Total costs | $209 | $677 | $1,219 |
| Value after costs | $10,291 | $10,900 | $11,544 |
| Impact on return, per year | 2.09% | 2.09% | 2.09% |
PSPFX 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): 0.2375%
- Total broker commissions: $104K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 60%
- Securities lending: none during the year
PSPFX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| BANC OF AMERICA SECURITIES | $29K | 30.02% |
| STIFEL, NICOLAUS & COMPANY, INCORPORATED | $28K | 28.44% |
| CANACCORD CAPITAL CORPORATION | $12K | 11.96% |
| BLOOMBERG TRADEBOOK LLC | $11K | 11.59% |
| UBS SECURITIES LLC | $5K | 5.65% |
| GOLDMAN SACHS & CO | $4K | 3.70% |
| CLARUS SECURITIES INC. | $3K | 3.12% |
| CIBC WORLD MARKETS CORP | $2K | 2.00% |
| PACIFIC INTERNATIONAL BROKERS | $2K | 1.93% |
| PARADIGM FUNDS | $2K | 1.59% |
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.