REGIX Fees and Costs — Regnan Global Equity Impact Solutions, Institutional Shares
Data updated: 2025-02-28
The net expense ratio is 0.89%: a 0.75% management fee plus 0.58% other expenses, less a 0.44% fee waiver. There are no sales loads or redemption fees. In fiscal 2024 the fund paid $5K in broker commissions, 0.1126% of average net assets, and portfolio turnover was 65%.
REGIX Fees and Expenses
Annual operating expenses and sales charges of REGIX. Prospectus, as of January 31, 2024.
| Annual operating expenses | |
|---|---|
| Management fee | 0.75% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.58% |
| Gross expense ratio | 1.33% |
| Fee waiver | −0.44% |
| Net expense ratio | 0.89% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| Max deferred load | 0.00% |
| Redemption fee | 0.00% |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | Yes |
REGIX Costs Over Time
On $10,000 invested in REGIX, assuming 5% a year before costs, total costs come to $627 over 5 years, cutting the return by 1.05% 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 0.89%) | $93 | $292 | $506 |
| Trading costs (broker commissions) | $12 | $37 | $64 |
| Lost growth on money paid in costs | $0 | $16 | $58 |
| Total costs | $105 | $345 | $627 |
| Value after costs | $10,395 | $11,232 | $12,136 |
| Impact on return, per year | 1.05% | 1.05% | 1.05% |
REGIX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending September 30, 2024.
- Explicit cost rate (commissions ÷ average net assets): 0.1126%
- Total broker commissions: $5K
- Bought from dealers (principal trades, not a cost): $7.7M
- Portfolio turnover (prospectus): 65%
- Securities lending: none during the year
REGIX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Jefferies | $1K | 32.94% |
| Barclays Plc | $446 | 9.94% |
| BNP Paribas SA | $415 | 9.23% |
| JP Morgan | $409 | 9.11% |
| UBS Warburg | $377 | 8.39% |
| CLSA (UK) | $321 | 7.14% |
| Merrill Lynch | $320 | 7.13% |
| Liquidnet | $315 | 7.00% |
| Goldman Sachs International | $246 | 5.47% |
| ITG | $164 | 3.65% |
REGIX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| NORTHERN INSTITUTIONAL TREASURY PORTFOLIO | $7.7M | 100.00% |
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.