SPMFX Fees and Costs — Symmetry Panoramic Municipal Fixed Income Fund, Class I
Data updated: 2026-07-29
The net expense ratio is 0.52% (1.12% before fee waivers). There are no sales loads or redemption fees. In fiscal 2025 the fund paid $6K in broker commissions, 0.0174% of average net assets, and portfolio turnover was 76%.
SPMFX Fees and Expenses
Annual operating expenses and sales charges of SPMFX. Prospectus, as of December 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.47% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.52% |
| Gross expense ratio | 1.12% |
| Fee waiver | −0.60% |
| Net expense ratio | 0.52% |
| 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 |
SPMFX Costs Over Time
On $10,000 invested in SPMFX, assuming 5% a year before costs, total costs come to $339 over 5 years, cutting the return by 0.56% 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 0.52%) | $55 | $171 | $298 |
| Trading costs (broker commissions) | $2 | $6 | $10 |
| Lost growth on money paid in costs | $0 | $9 | $31 |
| Total costs | $56 | $186 | $339 |
| Value after costs | $10,444 | $11,391 | $12,424 |
| Impact on return, per year | 0.56% | 0.56% | 0.56% |
SPMFX 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): 0.0174%
- Total broker commissions: $6K
- Bought from dealers (principal trades, not a cost): $19.3M
- Portfolio turnover (prospectus): 76%
- Securities lending: none during the year
SPMFX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| TRADEWEB DIRECT | $4K | 68.00% |
| VIRTU FINANCIAL BD LLC | $2K | 32.00% |
SPMFX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| BANK OF NEW YORK | $19.3M | 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 Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date.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.