SMIFX Fees and Costs — Sound Mind Investing Fund
Data updated: 2026-09-29
The net expense ratio is 1.62%. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $18K in broker commissions, 0.0181% of average net assets, and portfolio turnover was 118%.
SMIFX Fees and Expenses
Annual operating expenses and sales charges of SMIFX. Prospectus, as of March 1, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 1.00% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.23% |
| Gross expense ratio | 1.62% |
| Fee waiver | — |
| Net expense ratio | 1.62% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | No |
SMIFX Costs Over Time
On $10,000 invested in SMIFX, assuming 5% a year before costs, total costs come to $1,012 over 5 years, cutting the return by 1.72% 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 1.62%) | $170 | $527 | $908 |
| Trading costs (broker commissions) | $2 | $6 | $10 |
| Lost growth on money paid in costs | $0 | $27 | $93 |
| Total costs | $172 | $560 | $1,012 |
| Value after costs | $10,328 | $11,017 | $11,751 |
| Impact on return, per year | 1.72% | 1.72% | 1.72% |
SMIFX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending October 31, 2025.
- Explicit cost rate (commissions ÷ average net assets): 0.0181%
- Total broker commissions: $18K
- Bought from dealers (principal trades, not a cost): $178.0M
- Portfolio turnover (prospectus): 118%
- Securities lending: none during the year
SMIFX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| WOLVERINE EXECUTION SERVICES L.L.C. | $18K | 100.00% |
SMIFX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| WOLVERINE EXECUTION SERVICES L.L.C. | $98.1M | 55.12% |
| HUNTINGTON NATIONAL BANK | $79.9M | 44.88% |
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 Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date.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.