ACOIX Fees and Costs — AC ONE China Fund, Institutional Class
Data updated: 2020-09-14
The net expense ratio is 1.51%: a 1.10% management fee plus 1.62% other expenses, less a 1.22% fee waiver. This share class carries a redemption fee of 2.00%. In fiscal 2020 the fund paid $16K in broker commissions, and portfolio turnover was 1%.
ACOIX Fees and Expenses
Annual operating expenses and sales charges of ACOIX. Prospectus, as of October 31, 2019.
| Annual operating expenses | |
|---|---|
| Management fee | 1.10% |
| 12b-1 fee | — |
| Other expenses | 1.62% |
| Gross expense ratio | 2.73% |
| Fee waiver | −1.22% |
| Net expense ratio | 1.51% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| Max deferred load | 0.00% |
| Redemption fee | 2.00% |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | Yes |
ACOIX Costs Over Time
On $10,000 invested in ACOIX, assuming 5% a year before costs, total costs come to $935 over 5 years, cutting the return by 1.59% 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 1.51%) | $159 | $492 | $849 |
| Lost growth on money paid in costs | $0 | $24 | $86 |
| Total costs | $159 | $517 | $935 |
| Value after costs | $10,341 | $11,060 | $11,828 |
| Impact on return, per year | 1.59% | 1.59% | 1.59% |
ACOIX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending June 30, 2020.
- Explicit cost rate (commissions ÷ average net assets): —
- Total broker commissions: $16K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 1%
- Securities lending: none during the year
ACOIX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Goldman Sachs & Co. LLC | $229 | 73.40% |
| Cowen Execution Services LLC | $83 | 26.60% |
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 Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date.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.