SCGVX Fees and Costs — Sands Capital Global Growth Fund, Investor Class
Data updated: 2026-09-28
The net expense ratio is 1.22%: a 0.85% management fee plus 0.37% other expenses. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $659K in broker commissions, 0.0726% of average net assets, and portfolio turnover was 37%.
SCGVX Fees and Expenses
Annual operating expenses and sales charges of SCGVX. Prospectus, as of March 1, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.85% |
| 12b-1 fee | — |
| Other expenses | 0.37% |
| Gross expense ratio | 1.22% |
| Fee waiver | — |
| Net expense ratio | 1.22% |
| 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 |
SCGVX Costs Over Time
On $10,000 invested in SCGVX, assuming 5% a year before costs, total costs come to $804 over 5 years, cutting the return by 1.36% 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 1.22%) | $128 | $398 | $689 |
| Trading costs (broker commissions) | $8 | $24 | $41 |
| Lost growth on money paid in costs | $0 | $21 | $74 |
| Total costs | $136 | $443 | $804 |
| Value after costs | $10,364 | $11,133 | $11,959 |
| Impact on return, per year | 1.36% | 1.36% | 1.36% |
SCGVX 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): 0.0726%
- Total broker commissions: $659K
- Bought from dealers (principal trades, not a cost): $277K
- Portfolio turnover (prospectus): 37%
- Securities lending: none during the year
SCGVX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| UBS International | $79K | 16.77% |
| Goldman Sachs and Co. | $76K | 16.18% |
| JP Morgan | $65K | 13.79% |
| Jefferies LLC | $44K | 9.29% |
| Cowen | $41K | 8.80% |
| National Financial Services Corp | $38K | 8.12% |
| Stanford Group Co | $38K | 8.08% |
| Sanford Bernstein | $35K | 7.33% |
| Barclay Bank PLC | $29K | 6.08% |
| Morgan Stanley Co | $26K | 5.58% |
SCGVX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Cowen | $277K | 100.00% |
Sands Capital Global Growth Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| SCMGX | Institutional Class | 0.97% | — |
| SCGVX | Investor Class | 1.22% | — |
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.