SCLVX Fees and Costs — SGI U.S. Small Cap Equity Fund, Class I
Data updated: 2024-01-26
The net expense ratio is 1.23%: a 0.95% management fee plus 0.51% other expenses, less a 0.23% fee waiver. There are no sales loads or redemption fees. In fiscal 2023 the fund paid $18K in broker commissions, 0.0484% of average net assets, and portfolio turnover was 123%.
SCLVX Fees and Expenses
Annual operating expenses and sales charges of SCLVX. Prospectus, as of December 31, 2022.
| Annual operating expenses | |
|---|---|
| Management fee | 0.95% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.51% |
| Gross expense ratio | 1.46% |
| Fee waiver | −0.23% |
| Net expense ratio | 1.23% |
| 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 |
SCLVX Costs Over Time
On $10,000 invested in SCLVX, assuming 5% a year before costs, total costs come to $795 over 5 years, cutting the return by 1.34% 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 1.23%) | $129 | $402 | $695 |
| Trading costs (broker commissions) | $5 | $16 | $27 |
| Lost growth on money paid in costs | $0 | $21 | $73 |
| Total costs | $134 | $438 | $795 |
| Value after costs | $10,366 | $11,138 | $11,968 |
| Impact on return, per year | 1.34% | 1.34% | 1.34% |
SCLVX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending August 31, 2023.
- Explicit cost rate (commissions ÷ average net assets): 0.0484%
- Total broker commissions: $18K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 123%
- Securities lending: none during the year
SCLVX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| MERRILL LYNCH, PIERCE, FENNER & SMITH INCORPORATED | $11K | 63.39% |
| EMPIRICAL RESEARCH PARTNERS LLC | $2K | 13.11% |
| INSTINET CLEARING SERVICES INC. | $2K | 12.20% |
| WELLS FARGO SECURITIES, LLC | $2K | 11.18% |
| BARCLAY INVESTMENTS LTD. | $20 | 0.11% |
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 Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date.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.