SIGIX Fees and Costs — Seafarer Overseas Growth and Income Fund, Institutional Class
Data updated: 2026-09-24
The net expense ratio is 0.86%: a 0.72% management fee plus 0.14% other expenses. There are no sales loads or redemption fees. In fiscal 2026 the fund paid $3.5M in broker commissions, 0.1084% of average net assets, and portfolio turnover was 18%.
SIGIX Fees and Expenses
Annual operating expenses and sales charges of SIGIX. Prospectus, as of August 31, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.72% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.14% |
| Gross expense ratio | 0.86% |
| Fee waiver | — |
| Net expense ratio | 0.86% |
| 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 | Yes |
SIGIX Costs Over Time
On $10,000 invested in SIGIX, assuming 5% a year before costs, total costs come to $606 over 5 years, cutting the return by 1.02% 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 0.86%) | $90 | $282 | $489 |
| Trading costs (broker commissions) | $11 | $36 | $62 |
| Lost growth on money paid in costs | $0 | $16 | $56 |
| Total costs | $102 | $333 | $606 |
| Value after costs | $10,398 | $11,243 | $12,157 |
| Impact on return, per year | 1.02% | 1.02% | 1.02% |
SIGIX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending April 30, 2026.
- Explicit cost rate (commissions ÷ average net assets): 0.1084%
- Total broker commissions: $3.5M
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 18%
- Securities lending: none during the year
SIGIX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| JEFFERIES LLC | $1.2M | 33.45% |
| MACQUARIE CAPITAL (USA) INC. | $614K | 17.47% |
| CLSA AMERICAS, LLC | $571K | 16.24% |
| JPMORGAN DISTRIBUTION SERVICES, INC. | $375K | 10.67% |
| BTIG, LLC | $295K | 8.39% |
| UBS SECURITIES LLC | $238K | 6.79% |
| BTG PACTUAL US CAPITAL, INC | $111K | 3.16% |
| HO CHI MINH SECURITIES | $102K | 2.91% |
| INSTINET, LLC | $24K | 0.68% |
| GOLDMAN SACHS & CO. LLC | $8K | 0.23% |
Seafarer Overseas Growth and Income Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| SIGIX | Institutional Class | 0.86% | — |
| SFGIX | Investor Class | 0.96% | — |
| SFGRX | Retail Class | 1.16% | — |
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.