VGSRX Fees and Costs — Vert Global Sustainable Real Estate Fund, Institutional Shares
Data updated: 2023-11-29
The net expense ratio is 0.45%: a 0.40% management fee plus 0.22% other expenses, less a 0.17% fee waiver. There are no sales loads or redemption fees. In fiscal 2023 the fund paid $31K in broker commissions, 0.0150% of average net assets, and portfolio turnover was 9%.
VGSRX Fees and Expenses
Annual operating expenses and sales charges of VGSRX. Prospectus, as of October 31, 2023.
| Annual operating expenses | |
|---|---|
| Management fee | 0.40% |
| 12b-1 fee | — |
| Other expenses | 0.22% |
| Gross expense ratio | 0.62% |
| Fee waiver | −0.17% |
| Net expense ratio | 0.45% |
| Sales charges | |
|---|---|
| Max front load | — |
| 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 |
VGSRX Costs Over Time
On $10,000 invested in VGSRX, assuming 5% a year before costs, total costs come to $294 over 5 years, cutting the return by 0.49% 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 0.45%) | $47 | $148 | $259 |
| Trading costs (broker commissions) | $2 | $5 | $9 |
| Lost growth on money paid in costs | $0 | $8 | $27 |
| Total costs | $49 | $161 | $294 |
| Value after costs | $10,451 | $11,416 | $12,469 |
| Impact on return, per year | 0.49% | 0.49% | 0.49% |
VGSRX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending June 30, 2023.
- Explicit cost rate (commissions ÷ average net assets): 0.0150%
- Total broker commissions: $31K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 9%
- Securities lending: none during the year
VGSRX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Jefferies, LLC | $9K | 28.90% |
| Instinet, LLC | $9K | 28.69% |
| Merrill Lynch, Pierce Fenner & Smith, Inc. | $4K | 11.94% |
| Virtu ITG, LLC | $2K | 8.22% |
| SG Americas Securities, LLC | $2K | 8.12% |
| Cowen & Company, LLC | $2K | 5.40% |
| Goldman Sachs & Co., LLC | $1K | 3.51% |
| Citigroup Global Markets, Inc. | $742 | 2.46% |
| Credit Suisse Securities (USA), LLC | $679 | 2.25% |
| UBS Securities, LLC | $154 | 0.51% |
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.