ACPVX Fees and Costs — Core Equity Plus Fund, Investor Class
Data updated: 2019-11-22
The net expense ratio is 1.94%: a 1.29% management fee plus 0.65% other expenses. There are no sales loads or redemption fees. In fiscal 2019 the fund paid $99K in broker commissions, 0.0542% of average net assets, and portfolio turnover was 122%.
ACPVX Fees and Expenses
Annual operating expenses and sales charges of ACPVX. Prospectus, as of October 31, 2019.
| Annual operating expenses | |
|---|---|
| Management fee | 1.29% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.65% |
| Gross expense ratio | 1.94% |
| Fee waiver | — |
| Net expense ratio | 1.94% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| Max deferred load | 0.00% |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | No |
| Fees waived or reduced during the year | No |
| Waived fees subject to recoupment | No |
ACPVX Costs Over Time
On $10,000 invested in ACPVX, assuming 5% a year before costs, total costs come to $1,223 over 5 years, cutting the return by 2.09% 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 1.94%) | $204 | $629 | $1,079 |
| Trading costs (broker commissions) | $6 | $18 | $30 |
| Lost growth on money paid in costs | $0 | $32 | $113 |
| Total costs | $209 | $679 | $1,223 |
| Value after costs | $10,291 | $10,897 | $11,540 |
| Impact on return, per year | 2.09% | 2.09% | 2.09% |
ACPVX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending June 30, 2019.
- Explicit cost rate (commissions ÷ average net assets): 0.0542%
- Total broker commissions: $99K
- Bought from dealers (principal trades, not a cost): $657.9M
- Portfolio turnover (prospectus): 122%
- Securities lending: none during the year
ACPVX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Citigroup Capital Markets Inc | $17K | 19.19% |
| J.P. Morgan Securities | $16K | 17.44% |
| Sanford C. Bernstein | $12K | 13.79% |
| Barclays Capital | $11K | 11.89% |
| UBS Warburg | $10K | 10.75% |
| Bank of America Merrill Lynch | $6K | 6.83% |
| Morgan Stanley | $6K | 6.17% |
| Jefferies LLC | $5K | 5.55% |
| Wells Fargo Securities | $4K | 4.64% |
| Liquidnet | $3K | 3.75% |
ACPVX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| BMO Capital Markets | $507.7M | 77.16% |
| State Street Global Markets | $150.3M | 22.84% |
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.