SGDIX Fees and Costs — Sprott Gold Equity Fund, Institutional Class
Data updated: 2026-08-20
The net expense ratio is 1.06%: a 0.82% management fee plus 0.24% other expenses. This share class carries a redemption fee of 2.00%. In fiscal 2025 the fund paid $2.2M in broker commissions, 0.1690% of average net assets, and portfolio turnover was 37%.
SGDIX Fees and Expenses
Annual operating expenses and sales charges of SGDIX. Prospectus, as of April 30, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.82% |
| 12b-1 fee | — |
| Other expenses | 0.24% |
| Gross expense ratio | 1.06% |
| Fee waiver | — |
| Net expense ratio | 1.06% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | 2.00% |
| Expense limitation in place (N-CEN) | No |
| Fees waived or reduced during the year | No |
| Waived fees subject to recoupment | No |
SGDIX Costs Over Time
On $10,000 invested in SGDIX, assuming 5% a year before costs, total costs come to $765 over 5 years, cutting the return by 1.29% 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 1.06%) | $111 | $346 | $599 |
| Trading costs (broker commissions) | $18 | $55 | $96 |
| Lost growth on money paid in costs | $0 | $20 | $70 |
| Total costs | $129 | $422 | $765 |
| Value after costs | $10,371 | $11,155 | $11,998 |
| Impact on return, per year | 1.29% | 1.29% | 1.29% |
SGDIX 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): 0.1690%
- Total broker commissions: $2.2M
- Bought from dealers (principal trades, not a cost): $1.1B
- Portfolio turnover (prospectus): 37%
- Securities on loan, average value: $139K
- Net income from securities lending: $176K (0.014% of average net assets)
SGDIX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| SCOTIA CAPITAL (USA) INC. | $332K | 22.56% |
| BMO CAPITAL MARKETS CORP. | $281K | 19.06% |
| CANACCORD GENUITY LLC | $203K | 13.81% |
| ARGONAUT | $119K | 8.11% |
| RBC CAPITAL MARKETS, LLC | $111K | 7.56% |
| CIBC | $100K | 6.76% |
| NBF | $92K | 6.27% |
| TD Securities LLC | $82K | 5.56% |
| BARRENJOEY | $78K | 5.30% |
| EUROZ HARTLEYS | $74K | 5.01% |
SGDIX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| U.S. BANCORP INVESTMENTS, INC | $1.1B | 92.60% |
| CIBC WORLD MARKETS CORP. | $39.9M | 3.48% |
| Cormark | $11.3M | 0.99% |
| RBC CAPITAL MARKETS, LLC | $10.4M | 0.91% |
| Scotia | $10.1M | 0.88% |
| BMO CAPITAL MARKETS CORP. | $6.5M | 0.57% |
| GTS Michler | $6.5M | 0.57% |
Sprott Gold Equity Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| SGDIX | Institutional Class | 1.06% | — |
| SGDLX | Investor Class | 1.33% | — |
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.