ANWRX Fees and Costs — Aperture New World Opportunities Fund, Class X
Data updated: 2024-03-15
The net expense ratio is 0.66%: a 0.40% management fee plus 0.26% other expenses. There are no sales loads or redemption fees. In fiscal 2023 the fund paid $78K in broker commissions, 0.0263% of average net assets, and portfolio turnover was 79%.
ANWRX Fees and Expenses
Annual operating expenses and sales charges of ANWRX. Prospectus, as of April 30, 2023.
| Annual operating expenses | |
|---|---|
| Management fee | 0.40% |
| 12b-1 fee | — |
| Other expenses | 0.26% |
| Gross expense ratio | 0.66% |
| Fee waiver | — |
| Net expense ratio | 0.66% |
| 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 |
ANWRX Costs Over Time
On $10,000 invested in ANWRX, assuming 5% a year before costs, total costs come to $432 over 5 years, cutting the return by 0.72% 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 0.66%) | $69 | $217 | $377 |
| Trading costs (broker commissions) | $3 | $9 | $15 |
| Lost growth on money paid in costs | $0 | $11 | $39 |
| Total costs | $72 | $237 | $432 |
| Value after costs | $10,428 | $11,340 | $12,331 |
| Impact on return, per year | 0.72% | 0.72% | 0.72% |
ANWRX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending December 31, 2023.
- Explicit cost rate (commissions ÷ average net assets): 0.0263%
- Total broker commissions: $78K
- Bought from dealers (principal trades, not a cost): $1.3B
- Portfolio turnover (prospectus): 79%
- Securities lending: none during the year
ANWRX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| J.P. MORGAN SECURITIES | $37K | 47.22% |
| SANFORD C. BERNSTEIN & CO., LLC | $17K | 21.26% |
| INSTINET | $12K | 14.74% |
| PIPER, G W, & COMPANY, INC. | $4K | 5.52% |
| MERRILL LYNCH, PIERCE, FENNER & SMITH | $2K | 3.08% |
| GOLDMAN, SACHS & CO. | $2K | 2.74% |
| BOSTON FINANCIAL | $2K | 2.60% |
| MORGAN STANLEY & CO, INC | $1K | 1.83% |
| BOCI SECURITIES | $396 | 0.51% |
| BOE SECURITIES | $396 | 0.51% |
ANWRX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| GOLDMAN, SACHS & CO. | $423.9M | 37.31% |
| J.P. MORGAN SECURITIES | $262.7M | 23.12% |
| BARCLAYS CAPITAL INC. | $181.3M | 15.96% |
| MORGAN STANLEY & CO, INC | $156.3M | 13.76% |
| BANK OF AMERICA | $33.1M | 2.91% |
| HSBC | $20.8M | 1.83% |
| CITIGROUP GLOBAL MARKETS | $17.0M | 1.50% |
| JEFFERIES LLC | $15.1M | 1.33% |
| STIFEL NICOLAUS & CO., INC. | $14.1M | 1.24% |
| BTIG | $11.8M | 1.04% |
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.