USLIX Fees and Costs — U.S. Global Leaders Growth Fund, Class I
Data updated: 2026-09-25
The net expense ratio is 0.86%: a 0.71% management fee plus 0.17% other expenses, less a 0.02% fee waiver. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $299K in broker commissions, 0.0141% of average net assets, and portfolio turnover was 32%.
USLIX Fees and Expenses
Annual operating expenses and sales charges of USLIX. Prospectus, as of October 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.71% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.17% |
| Gross expense ratio | 0.88% |
| Fee waiver | −0.02% |
| Net expense ratio | 0.86% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| Max deferred load | 0.00% |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | No |
USLIX Costs Over Time
On $10,000 invested in USLIX, assuming 5% a year before costs, total costs come to $548 over 5 years, cutting the return by 0.92% 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 0.86%) | $90 | $282 | $490 |
| Trading costs (broker commissions) | $1 | $5 | $8 |
| Lost growth on money paid in costs | $0 | $14 | $50 |
| Total costs | $92 | $301 | $548 |
| Value after costs | $10,408 | $11,275 | $12,215 |
| Impact on return, per year | 0.92% | 0.92% | 0.92% |
USLIX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending October 31, 2025.
- Explicit cost rate (commissions ÷ average net assets): 0.0141%
- Total broker commissions: $299K
- Bought from dealers (principal trades, not a cost): $1.1B
- Portfolio turnover (prospectus): 32%
- Securities on loan, average value: $18.4M
- Net income from securities lending: $11K (0.001% of average net assets)
USLIX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Capital Institutional Services, Inc. | $52K | 20.60% |
| BNY Mellon Capital Markets, LLC | $49K | 19.27% |
| JonesTrading Institutional Services LLC | $32K | 12.77% |
| William Blair | $25K | 9.76% |
| Instinet, LLC | $24K | 9.37% |
| Goldman Sachs & Co. LLC | $22K | 8.87% |
| Evercore Group L.L.C. | $19K | 7.63% |
| Merrill Lynch, Pierce, Fenner & Smith Incorporated | $13K | 5.26% |
| Piper Sandler & Co. | $8K | 3.27% |
| Barclays Bank PLC | $8K | 3.20% |
USLIX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| State Street Global Markets, LLC | $1.1B | 100.00% |
U.S. Global Leaders Growth Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| UGLSX | Class R6 | 0.75% | none |
| USLIX | Class I | 0.86% | none |
| USGLX | Class A | 1.11% | 5.00% |
| USLYX | Class R2 | 1.25% | none |
| USLCX | Class C | 1.86% | none |
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.