SRFMX Fees and Costs — Sarofim Equity Fund, Retail Class
Data updated: 2026-08-28
The net expense ratio is 0.70%: a 0.50% management fee plus 0.34% other expenses, less a 0.14% fee waiver. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $6K in broker commissions, 0.0067% of average net assets, and portfolio turnover was 12%.
SRFMX Fees and Expenses
Annual operating expenses and sales charges of SRFMX. Prospectus, as of May 1, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.50% |
| 12b-1 fee | — |
| Other expenses | 0.34% |
| Gross expense ratio | 0.84% |
| Fee waiver | −0.14% |
| Net expense ratio | 0.70% |
| 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 |
SRFMX Costs Over Time
On $10,000 invested in SRFMX, assuming 5% a year before costs, total costs come to $445 over 5 years, cutting the return by 0.74% 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 0.70%) | $74 | $230 | $400 |
| Trading costs (broker commissions) | $1 | $2 | $4 |
| Lost growth on money paid in costs | $0 | $11 | $41 |
| Total costs | $74 | $244 | $445 |
| Value after costs | $10,426 | $11,333 | $12,318 |
| Impact on return, per year | 0.74% | 0.74% | 0.74% |
SRFMX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending December 31, 2025.
- Explicit cost rate (commissions ÷ average net assets): 0.0067%
- Total broker commissions: $6K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 12%
- Securities lending: none during the year
SRFMX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Goldman Sachs and Co. | $3K | 42.62% |
| Stifel Nicolaus & Co. | $2K | 32.43% |
| Bank of America | $906 | 14.60% |
| Wachovia Capital Markets | $586 | 9.45% |
| Barclay Bank PLC | $56 | 0.90% |
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 Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date.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.