USLUX Fees and Costs — Usgi Global Luxury Goods 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 0.70% other expenses, less a 0.20% fee waiver. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $126K in broker commissions, 0.2483% of average net assets, and portfolio turnover was 122%.
USLUX Fees and Expenses
Annual operating expenses and sales charges of USLUX. Prospectus, as of May 1, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 1.00% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.70% |
| Gross expense ratio | 1.95% |
| Fee waiver | −0.20% |
| Net expense ratio | 1.75% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | No |
| Fees waived or reduced during the year | No |
| Waived fees subject to recoupment | No |
USLUX Costs Over Time
On $10,000 invested in USLUX, assuming 5% a year before costs, total costs come to $1,225 over 5 years, cutting the return by 2.10% 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 | $974 |
| Trading costs (broker commissions) | $26 | $81 | $138 |
| Lost growth on money paid in costs | $0 | $32 | $113 |
| Total costs | $210 | $680 | $1,225 |
| Value after costs | $10,290 | $10,896 | $11,538 |
| Impact on return, per year | 2.10% | 2.10% | 2.10% |
USLUX 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): 0.2483%
- Total broker commissions: $126K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 122%
- Securities lending: none during the year
USLUX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| BANC OF AMERICA SECURITIES | $47K | 37.84% |
| UBS SECURITIES LLC | $41K | 33.44% |
| BLOOMBERG TRADEBOOK LLC | $12K | 10.00% |
| GOLDMAN SACHS & CO | $9K | 7.53% |
| CITADEL SECURITIES LLC | $6K | 5.10% |
| COWEN AND COMPANY, LLC | $2K | 1.84% |
| MORGAN STANLEY & CO. LLC | $2K | 1.37% |
| CANACCORD CAPITAL CORPORATION | $1K | 1.10% |
| BMO CAPITAL MARKETS CORP. | $1K | 1.10% |
| CLSA JAPAN | $847 | 0.68% |
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.