TSGUX Fees and Costs — Small-Mid Cap Equity Fund
Data updated: 2025-01-28
The net expense ratio is 0.60%: a 0.80% management fee plus 0.14% other expenses, less a 0.34% fee waiver. There are no sales loads or redemption fees. In fiscal 2024 the fund paid $222K in broker commissions, 0.0466% of average net assets, and portfolio turnover was 73%.
TSGUX Fees and Expenses
Annual operating expenses and sales charges of TSGUX. Prospectus, as of December 31, 2023.
| Annual operating expenses | |
|---|---|
| Management fee | 0.80% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.14% |
| Gross expense ratio | 0.94% |
| Fee waiver | −0.34% |
| Net expense ratio | 0.60% |
| 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 |
TSGUX Costs Over Time
On $10,000 invested in TSGUX, assuming 5% a year before costs, total costs come to $407 over 5 years, cutting the return by 0.68% 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 0.60%) | $63 | $197 | $343 |
| Trading costs (broker commissions) | $5 | $15 | $27 |
| Lost growth on money paid in costs | $0 | $11 | $37 |
| Total costs | $68 | $223 | $407 |
| Value after costs | $10,432 | $11,353 | $12,355 |
| Impact on return, per year | 0.68% | 0.68% | 0.68% |
TSGUX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending August 31, 2024.
- Explicit cost rate (commissions ÷ average net assets): 0.0466%
- Total broker commissions: $222K
- Bought from dealers (principal trades, not a cost): $1.3M
- Portfolio turnover (prospectus): 73%
- Securities on loan, average value: $5.1M
- Net income from securities lending: $128K (0.027% of average net assets)
TSGUX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| J.P. MORGAN SECURITIES LLC | $27K | 20.25% |
| STIFEL, NICOLAUS & COMPANY, INCORPORATED | $22K | 16.26% |
| INSTINET, LLC | $16K | 11.95% |
| EVERCORE GROUP L.L.C. | $15K | 11.00% |
| MERRILL LYNCH, PIERCE, FENNER & SMITH INC. | $11K | 8.21% |
| RAYMOND JAMES (USA) LTD. | $11K | 8.10% |
| UBS Securities LLC | $10K | 7.52% |
| Robert W. Baird & Co. | $8K | 5.74% |
| Jefferies LLC | $8K | 5.72% |
| BARCLAYS CAPITAL INC. | $7K | 5.25% |
TSGUX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| J.P. MORGAN SECURITIES LLC | $991K | 75.54% |
| UBS Securities LLC | $172K | 13.09% |
| TD Securities (USA) LLC. | $136K | 10.41% |
| BROWN BROTHERS HARRIMAN INVESTMENTS, LLC | $5K | 0.38% |
| Jefferies LLC | $3K | 0.23% |
| MERRILL LYNCH, PIERCE, FENNER & SMITH INC. | $2K | 0.15% |
| BARCLAYS CAPITAL INC. | $1K | 0.09% |
| BNP Paribas Securities Corp. | $794 | 0.06% |
| Goldman Sachs & Co, LLC | $597 | 0.05% |
| Virtu Americas LLC | $15 | 0.00% |
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.