SKGIX Fees and Costs — Steward Small Cap Growth Fund, Institutional Class
Data updated: 2024-09-27
The net expense ratio is 1.00%: a 0.75% management fee plus 0.83% other expenses, less a 0.58% fee waiver. There are no sales loads or redemption fees. In fiscal 2024 the fund paid $32K in broker commissions, 0.1176% of average net assets, and portfolio turnover was 27%.
SKGIX Fees and Expenses
Annual operating expenses and sales charges of SKGIX. Prospectus, as of August 31, 2023.
| Annual operating expenses | |
|---|---|
| Management fee | 0.75% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.83% |
| Gross expense ratio | 1.58% |
| Fee waiver | −0.58% |
| Net expense ratio | 1.00% |
| 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 |
SKGIX Costs Over Time
On $10,000 invested in SKGIX, assuming 5% a year before costs, total costs come to $697 over 5 years, cutting the return by 1.17% 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 1.00%) | $105 | $327 | $567 |
| Trading costs (broker commissions) | $12 | $38 | $67 |
| Lost growth on money paid in costs | $0 | $18 | $64 |
| Total costs | $117 | $384 | $697 |
| Value after costs | $10,383 | $11,192 | $12,065 |
| Impact on return, per year | 1.17% | 1.17% | 1.17% |
SKGIX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending April 30, 2024.
- Explicit cost rate (commissions ÷ average net assets): 0.1176%
- Total broker commissions: $32K
- Bought from dealers (principal trades, not a cost): $13.5M
- Portfolio turnover (prospectus): 27%
- Securities lending: none during the year
SKGIX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| THE NORTHERN TRUST COMPANY | $19K | 61.42% |
| VIRTU AMERICAS LLC | $12K | 38.58% |
SKGIX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| THE NORTHERN TRUST COMPANY | $13.5M | 100.00% |
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 Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date.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.