SGNLX Fees and Costs — SGA International Equity Fund, Investor Class
Data updated: 2021-10-13
The net expense ratio is 1.20%: a 0.95% management fee, a 0.25% 12b-1 fee plus 5.82% other expenses, less a 5.82% fee waiver. This share class carries a redemption fee of 2.00%. In fiscal 2021 the fund paid $8K in broker commissions, 0.1274% of average net assets, and portfolio turnover was 58%.
SGNLX Fees and Expenses
Annual operating expenses and sales charges of SGNLX. Prospectus, as of November 30, 2020.
| Annual operating expenses | |
|---|---|
| Management fee | 0.95% |
| 12b-1 fee | 0.25% |
| Other expenses | 5.82% |
| Gross expense ratio | 7.02% |
| Fee waiver | −5.82% |
| Net expense ratio | 1.20% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | 2.00% |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | Yes |
SGNLX Costs Over Time
On $10,000 invested in SGNLX, assuming 5% a year before costs, total costs come to $825 over 5 years, cutting the return by 1.39% 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 1.20%) | $126 | $392 | $677 |
| Trading costs (broker commissions) | $13 | $42 | $72 |
| Lost growth on money paid in costs | $0 | $22 | $76 |
| Total costs | $139 | $455 | $825 |
| Value after costs | $10,361 | $11,121 | $11,938 |
| Impact on return, per year | 1.39% | 1.39% | 1.39% |
SGNLX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending July 31, 2021.
- Explicit cost rate (commissions ÷ average net assets): 0.1274%
- Total broker commissions: $8K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 58%
- Securities lending: none during the year
SGNLX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| CSFB | $3K | 40.05% |
| Morgan Stanley & Co, Inc | $1K | 17.66% |
| Instinet | $939 | 12.44% |
| Citigroup Global Markets | $900 | 11.93% |
| Jefferies LLC | $364 | 4.82% |
| Macquarie Capital | $294 | 3.90% |
| Bank of America | $261 | 3.46% |
| BNY ESI & Co. Inc | $164 | 2.17% |
| Peel Hunt | $139 | 1.84% |
| Penserra | $130 | 1.72% |
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.