UNWPX Fees and Costs — Usgi World Precious Minerals Fund, Investor Class
Data updated: 2026-08-20
The net expense ratio is 1.75%: a 1.00% management fee, a 0.25% 12b-1 fee plus 0.78% other expenses, less a 0.28% fee waiver. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $182K in broker commissions, 0.3411% of average net assets, and portfolio turnover was 28%.
UNWPX Fees and Expenses
Annual operating expenses and sales charges of UNWPX. Prospectus, as of May 1, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 1.00% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.78% |
| Gross expense ratio | 2.03% |
| Fee waiver | −0.28% |
| Net expense ratio | 1.75% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| 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 |
UNWPX Costs Over Time
On $10,000 invested in UNWPX, assuming 5% a year before costs, total costs come to $1,280 over 5 years, cutting the return by 2.20% 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 1.75%) | $184 | $567 | $972 |
| Trading costs (broker commissions) | $36 | $110 | $189 |
| Lost growth on money paid in costs | $0 | $34 | $119 |
| Total costs | $220 | $711 | $1,280 |
| Value after costs | $10,280 | $10,865 | $11,483 |
| Impact on return, per year | 2.20% | 2.20% | 2.20% |
UNWPX 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): 0.3411%
- Total broker commissions: $182K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 28%
- Securities lending: none during the year
UNWPX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| STIFEL, NICOLAUS & COMPANY, INCORPORATED | $81K | 49.71% |
| BANC OF AMERICA SECURITIES | $21K | 13.15% |
| CANACCORD CAPITAL CORPORATION | $16K | 9.98% |
| CIBC WORLD MARKETS CORP | $13K | 7.86% |
| HAYWOOD SECURITIES INC. | $11K | 6.86% |
| PACIFIC INTERNATIONAL BROKERS | $6K | 3.41% |
| COWEN AND COMPANY, LLC | $4K | 2.44% |
| DESJARDIN TORONTO | $4K | 2.32% |
| BLOOMBERG TRADEBOOK LLC | $3K | 2.14% |
| GOLDMAN SACHS & CO | $3K | 2.12% |
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.