SBRAX Fees and Costs — Segall Bryant & Hamill All Cap Fund, Retail Class
Data updated: 2026-08-28
The net expense ratio is 0.99%: a 0.65% management fee plus 1.42% other expenses, less a 1.08% fee waiver. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $21K in broker commissions, 0.0224% of average net assets, and portfolio turnover was 34%.
SBRAX Fees and Expenses
Annual operating expenses and sales charges of SBRAX. Prospectus, as of April 30, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.65% |
| 12b-1 fee | 0.00% |
| Other expenses | 1.42% |
| Gross expense ratio | 2.07% |
| Fee waiver | −1.08% |
| Net expense ratio | 0.99% |
| 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 | No |
SBRAX Costs Over Time
On $10,000 invested in SBRAX, assuming 5% a year before costs, total costs come to $633 over 5 years, cutting the return by 1.06% 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) | $2 | $7 | $13 |
| Lost growth on money paid in costs | $0 | $16 | $58 |
| Total costs | $106 | $348 | $633 |
| Value after costs | $10,394 | $11,228 | $12,130 |
| Impact on return, per year | 1.06% | 1.06% | 1.06% |
SBRAX 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): 0.0224%
- Total broker commissions: $21K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 34%
- Securities lending: none during the year
SBRAX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Cowen and Company LLC | $5K | 28.40% |
| RBC CAPITAL MARKETS LLC | $2K | 12.68% |
| Jeffries LLC | $2K | 9.76% |
| J.P. MORGAN SECURITIES LLC | $2K | 9.22% |
| Barclays Capital Inc | $1K | 7.98% |
| Wells Fargo Securities LLC | $1K | 7.91% |
| Evercore Group LLC | $1K | 7.34% |
| Strategas Research Partners LLC | $1K | 7.18% |
| William Blair & Company LLC | $864 | 4.87% |
| Keybanc Capital Markets Inc | $826 | 4.66% |
Segall Bryant & Hamill All Cap Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| SBHAX | Institutional Class | 0.84% | — |
| SBRAX | Retail Class | 0.99% | — |
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.