SPGBX Fees and Costs — Symmetry Panoramic Global Systematic Fixed Income Fund, Class I
Data updated: 2026-07-29
The net expense ratio is 0.58%: a 0.52% management fee plus 0.26% other expenses, less a 0.20% fee waiver. There are no sales loads or redemption fees. Portfolio turnover was 35%.
SPGBX Fees and Expenses
Annual operating expenses and sales charges of SPGBX. Prospectus, as of December 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.52% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.26% |
| Gross expense ratio | 0.78% |
| Fee waiver | −0.20% |
| Net expense ratio | 0.58% |
| 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 | Yes |
SPGBX Costs Over Time
On $10,000 invested in SPGBX, assuming 5% a year before costs, total costs come to $366 over 5 years, cutting the return by 0.61% 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 0.58%) | $61 | $191 | $332 |
| Lost growth on money paid in costs | $0 | $9 | $33 |
| Total costs | $61 | $200 | $366 |
| Value after costs | $10,439 | $11,376 | $12,397 |
| Impact on return, per year | 0.61% | 0.61% | 0.61% |
SPGBX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending August 31, 2025.
- Explicit cost rate (commissions ÷ average net assets): —
- Total broker commissions: —
- Bought from dealers (principal trades, not a cost): $213.0M
- Portfolio turnover (prospectus): 35%
- Securities lending: none during the year
SPGBX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| JANE STREET EXECUTION SERVICES | $27.1M | 16.65% |
| BARCLAY BANK PLC | $24.4M | 14.94% |
| GOLDMAN, SACHS & CO. | $21.9M | 13.43% |
| BAML | $21.3M | 13.05% |
| MORGAN STANLEY & CO, INC | $20.7M | 12.69% |
| BNP PARIBAS | $14.7M | 8.99% |
| JEFFERIES LLC | $11.0M | 6.75% |
| CITIGROUP | $9.3M | 5.68% |
| NOMURA | $7.3M | 4.50% |
| RBC CAPITAL | $5.4M | 3.32% |
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 Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date.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.