SJCIX Fees and Costs — Steward Large Cap Core Fund, Institutional Class
Data updated: 2026-09-28
The net expense ratio is 0.75%: a 0.50% management fee plus 0.39% other expenses, less a 0.14% fee waiver. There are no sales loads or redemption fees. In fiscal 2026 the fund paid $160K in broker commissions, 0.0908% of average net assets, and portfolio turnover was 101%.
SJCIX Fees and Expenses
Annual operating expenses and sales charges of SJCIX. Prospectus, as of August 28, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.50% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.39% |
| Gross expense ratio | 0.89% |
| Fee waiver | −0.14% |
| Net expense ratio | 0.75% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| Max deferred load | 0.00% |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | Yes |
SJCIX Costs Over Time
On $10,000 invested in SJCIX, assuming 5% a year before costs, total costs come to $528 over 5 years, cutting the return by 0.88% 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 0.75%) | $79 | $246 | $428 |
| Trading costs (broker commissions) | $10 | $30 | $52 |
| Lost growth on money paid in costs | $0 | $14 | $48 |
| Total costs | $88 | $290 | $528 |
| Value after costs | $10,412 | $11,287 | $12,235 |
| Impact on return, per year | 0.88% | 0.88% | 0.88% |
SJCIX 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): 0.0908%
- Total broker commissions: $160K
- Bought from dealers (principal trades, not a cost): $74.7M
- Portfolio turnover (prospectus): 101%
- Securities lending: none during the year
SJCIX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Susquehanna Financial Group, LLLP | $100K | 62.39% |
| WELLS FARGO SECURITIES, LLC | $39K | 24.28% |
| VIRTU ITG LLC | $21K | 13.32% |
SJCIX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| The Northern Trust Company | $74.7M | 100.00% |
Steward Large Cap Core Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| SJCIX | Institutional Class | 0.75% | none |
| SJCRX | Class R6 | 0.75% | none |
| SJCAX | Class A | 1.00% | 5.75% |
| SJCCX | C000232246 | 1.75% | none |
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.