ARSOX Fees and Costs — Aristotle/Saul Global Equity Fund, Class I
Data updated: 2023-11-27
The net expense ratio is 0.80%: a 0.70% management fee plus 0.25% other expenses, less a 0.15% fee waiver. This share class carries a redemption fee of 1.00%. In fiscal 2022 the fund paid $31K in broker commissions, 0.0394% of average net assets, and portfolio turnover was 22%.
ARSOX Fees and Expenses
Annual operating expenses and sales charges of ARSOX. Prospectus, as of April 30, 2023.
| Annual operating expenses | |
|---|---|
| Management fee | 0.70% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.25% |
| Gross expense ratio | 0.95% |
| Fee waiver | −0.15% |
| 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 |
ARSOX Costs Over Time
On $10,000 invested in ARSOX, assuming 5% a year before costs, total costs come to $527 over 5 years, cutting the return by 0.88% 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 | $263 | $456 |
| Trading costs (broker commissions) | $4 | $13 | $22 |
| Lost growth on money paid in costs | $0 | $14 | $48 |
| Total costs | $88 | $289 | $527 |
| Value after costs | $10,412 | $11,287 | $12,236 |
| Impact on return, per year | 0.88% | 0.88% | 0.88% |
ARSOX 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): 0.0394%
- Total broker commissions: $31K
- Bought from dealers (principal trades, not a cost): $16.5M
- Portfolio turnover (prospectus): 22%
- Securities lending: none during the year
ARSOX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| J.P. MORGAN SECURITIES LLC | $7K | 24.38% |
| BANC OF AMERICA SECURITIES LLC | $5K | 17.87% |
| UBS SECURITIES LLC | $3K | 11.69% |
| GOLDMAN SACHS & CO. LLC | $3K | 10.19% |
| SANFORD C. BERNSTEIN & CO., LLC | $3K | 9.04% |
| MIZUHO SECURITIES USA LLC | $2K | 8.09% |
| JEFFERIES LLC | $2K | 6.83% |
| BNP PARIBAS SECURITIES CORP. | $2K | 5.54% |
| NOMURA SECURITIES INTERNATIONAL, INC. | $912 | 3.29% |
| ROBERT W. BAIRD & CO. INCORPORATED | $854 | 3.08% |
ARSOX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| CREDIT SUISSE SECURITIES (USA) LLC | $15.2M | 92.02% |
| State Street Corp | $1.2M | 7.32% |
| BROWN BROTHERS HARRIMAN & CO. | $109K | 0.66% |
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.