ARSLX Fees and Costs — Aristotle Small Cap Equity Fund, Class I
Data updated: 2023-11-27
The net expense ratio is 0.90%: a 0.75% management fee plus 0.26% other expenses, less a 0.11% fee waiver. This share class carries a redemption fee of 1.00%. In fiscal 2022 the fund paid $64K in broker commissions, 0.0332% of average net assets, and portfolio turnover was 19%.
ARSLX Fees and Expenses
Annual operating expenses and sales charges of ARSLX. Prospectus, as of April 30, 2023.
| Annual operating expenses | |
|---|---|
| Management fee | 0.75% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.26% |
| Gross expense ratio | 1.01% |
| Fee waiver | −0.11% |
| Net expense ratio | 0.90% |
| 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 |
ARSLX Costs Over Time
On $10,000 invested in ARSLX, assuming 5% a year before costs, total costs come to $585 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 0.90%) | $94 | $295 | $512 |
| Trading costs (broker commissions) | $3 | $11 | $19 |
| Lost growth on money paid in costs | $0 | $15 | $54 |
| Total costs | $98 | $321 | $585 |
| Value after costs | $10,402 | $11,255 | $12,178 |
| Impact on return, per year | 0.98% | 0.98% | 0.98% |
ARSLX 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): 0.0332%
- Total broker commissions: $64K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 19%
- Securities lending: none during the year
ARSLX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| WILLIAM BLAIR & COMPANY L.L.C. | $10K | 21.36% |
| ROBERT W. BAIRD & CO. INCORPORATED | $9K | 19.08% |
| STIFEL, NICOLAUS & COMPANY, INCORPORATED | $7K | 15.46% |
| STEPHENS, INC. | $4K | 8.33% |
| KEEFE, BRUYETTE & WOODS, INC. | $4K | 8.08% |
| RAYMOND JAMES (USA) LTD. | $3K | 6.64% |
| Truist Securities, Inc. | $3K | 6.60% |
| EVERCORE GROUP L.L.C. | $2K | 5.15% |
| KEYBANC CAPITAL MARKETS INC. | $2K | 4.90% |
| GOLDMAN SACHS & CO. LLC | $2K | 4.40% |
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.