ARSFX Fees and Costs — Aristotle International Equity Fund, Class I
Data updated: 2023-11-27
The net expense ratio is 0.80%: a 0.70% management fee plus 0.24% other expenses, less a 0.14% fee waiver. This share class carries a redemption fee of 1.00%. In fiscal 2022 the fund paid $200K in broker commissions, 0.0524% of average net assets, and portfolio turnover was 18%.
ARSFX Fees and Expenses
Annual operating expenses and sales charges of ARSFX. Prospectus, as of April 30, 2023.
| Annual operating expenses | |
|---|---|
| Management fee | 0.70% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.24% |
| Gross expense ratio | 0.94% |
| Fee waiver | −0.14% |
| Net expense ratio | 0.80% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| Max deferred load | 0.00% |
| Redemption fee | 1.00% |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | Yes |
ARSFX Costs Over Time
On $10,000 invested in ARSFX, assuming 5% a year before costs, total costs come to $535 over 5 years, cutting the return by 0.90% 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 0.80%) | $84 | $262 | $456 |
| Trading costs (broker commissions) | $6 | $17 | $30 |
| Lost growth on money paid in costs | $0 | $14 | $49 |
| Total costs | $90 | $294 | $535 |
| Value after costs | $10,410 | $11,283 | $12,228 |
| Impact on return, per year | 0.90% | 0.90% | 0.90% |
ARSFX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending December 31, 2022.
- Explicit cost rate (commissions ÷ average net assets): 0.0524%
- Total broker commissions: $200K
- Bought from dealers (principal trades, not a cost): $185.9M
- Portfolio turnover (prospectus): 18%
- Securities lending: none during the year
ARSFX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| J.P. MORGAN SECURITIES LLC | $48K | 24.12% |
| BANC OF AMERICA SECURITIES LLC | $45K | 22.78% |
| UBS SECURITIES LLC | $28K | 14.15% |
| JEFFERIES LLC | $25K | 12.40% |
| CREDIT SUISSE SECURITIES (USA) LLC | $18K | 9.22% |
| SANFORD C. BERNSTEIN & CO., LLC | $13K | 6.69% |
| BARCLAYS CAPITAL INC. | $7K | 3.44% |
| GOLDMAN SACHS & CO. LLC | $7K | 3.32% |
| NEWEDGE FINANCIAL INC. | $6K | 2.94% |
| LIQUIDNET, INC. | $2K | 0.96% |
ARSFX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| State Street Corp | $185.8M | 99.90% |
| BROWN BROTHERS HARRIMAN & CO. | $181K | 0.10% |
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.