ACMSX Fees and Costs — Argent Small Cap Fund, Institutional Shares
Data updated: 2022-11-29
The net expense ratio is 0.85%: a 0.65% management fee plus 0.98% other expenses, less a 0.78% fee waiver. There are no sales loads or redemption fees. In fiscal 2021 the fund paid $22K in broker commissions, 0.0820% of average net assets, and portfolio turnover was 33%.
ACMSX Fees and Expenses
Annual operating expenses and sales charges of ACMSX. Prospectus, as of April 30, 2022.
| Annual operating expenses | |
|---|---|
| Management fee | 0.65% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.98% |
| Gross expense ratio | 1.63% |
| Fee waiver | −0.78% |
| Net expense ratio | 0.85% |
| 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 | Yes |
ACMSX Costs Over Time
On $10,000 invested in ACMSX, assuming 5% a year before costs, total costs come to $584 over 5 years, cutting the return by 0.98% 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 0.85%) | $89 | $279 | $484 |
| Trading costs (broker commissions) | $9 | $27 | $47 |
| Lost growth on money paid in costs | $0 | $15 | $53 |
| Total costs | $98 | $321 | $584 |
| Value after costs | $10,402 | $11,256 | $12,179 |
| Impact on return, per year | 0.98% | 0.98% | 0.98% |
ACMSX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending December 31, 2021.
- Explicit cost rate (commissions ÷ average net assets): 0.0820%
- Total broker commissions: $22K
- Bought from dealers (principal trades, not a cost): $22.8M
- Portfolio turnover (prospectus): 33%
- Securities lending: none during the year
ACMSX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Jones Trading Institutional Services LLC | $8K | 35.18% |
| Instinet LLC | $5K | 24.65% |
| Northcoast Research Partners, LLC | $5K | 20.89% |
| Truist Securities, Inc. | $4K | 19.28% |
ACMSX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| U.S. Bancorp Investments, Inc. | $22.8M | 100.00% |
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.