SPUBX Fees and Costs — Symmetry Panoramic US Systematic Fixed Income Fund, Class I
Data updated: 2026-07-29
The net expense ratio is 0.50%: a 0.45% management fee plus 0.29% other expenses, less a 0.24% fee waiver. There are no sales loads or redemption fees. Portfolio turnover was 41%.
SPUBX Fees and Expenses
Annual operating expenses and sales charges of SPUBX. Prospectus, as of December 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.45% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.29% |
| Gross expense ratio | 0.74% |
| Fee waiver | −0.24% |
| Net expense ratio | 0.50% |
| 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 |
SPUBX Costs Over Time
On $10,000 invested in SPUBX, assuming 5% a year before costs, total costs come to $316 over 5 years, cutting the return by 0.52% 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 0.50%) | $52 | $165 | $287 |
| Lost growth on money paid in costs | $0 | $8 | $29 |
| Total costs | $52 | $173 | $316 |
| Value after costs | $10,448 | $11,403 | $12,447 |
| Impact on return, per year | 0.52% | 0.52% | 0.52% |
SPUBX 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): $152.7M
- Portfolio turnover (prospectus): 41%
- Securities lending: none during the year
SPUBX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| MORGAN STANLEY & CO, INC | $27.5M | 23.54% |
| JANE STREET EXECUTION SERVICES | $17.0M | 14.56% |
| GOLDMAN, SACHS & CO. | $15.2M | 13.03% |
| CITIGROUP | $10.5M | 8.96% |
| BARCLAY BANK PLC | $10.3M | 8.81% |
| WACHOVIA CAPITAL MARKETS | $9.7M | 8.30% |
| BNP PARIBAS | $8.0M | 6.84% |
| MONTGOMERY/BANK OF AMERICA | $7.2M | 6.19% |
| DEUTSCHE BANK SECURITIES, INC. | $5.9M | 5.07% |
| KNIGHT SECURITIES | $5.5M | 4.70% |
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.