ARSQX Fees and Costs — Aristotle Value Equity Fund, Class I
Data updated: 2023-11-27
The net expense ratio is 0.69%: a 0.60% management fee plus 0.11% other expenses, less a 0.02% fee waiver. This share class carries a redemption fee of 1.00%. In fiscal 2022 the fund paid $194K in broker commissions, 0.0240% of average net assets, and portfolio turnover was 20%.
ARSQX Fees and Expenses
Annual operating expenses and sales charges of ARSQX. Prospectus, as of April 30, 2023.
| Annual operating expenses | |
|---|---|
| Management fee | 0.60% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.11% |
| Gross expense ratio | 0.71% |
| Fee waiver | −0.02% |
| Net expense ratio | 0.69% |
| 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 |
ARSQX Costs Over Time
On $10,000 invested in ARSQX, assuming 5% a year before costs, total costs come to $449 over 5 years, cutting the return by 0.75% 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 0.69%) | $72 | $227 | $394 |
| Trading costs (broker commissions) | $3 | $8 | $14 |
| Lost growth on money paid in costs | $0 | $12 | $41 |
| Total costs | $75 | $246 | $449 |
| Value after costs | $10,425 | $11,330 | $12,314 |
| Impact on return, per year | 0.75% | 0.75% | 0.75% |
ARSQX 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): 0.0240%
- Total broker commissions: $194K
- Bought from dealers (principal trades, not a cost): $6.1M
- Portfolio turnover (prospectus): 20%
- Securities lending: none during the year
ARSQX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| GOLDMAN SACHS & CO. LLC | $35K | 27.48% |
| CITIGROUP GLOBAL MARKETS INC. | $16K | 12.19% |
| JEFFERIES LLC | $13K | 9.94% |
| EXANE, INC. | $11K | 8.46% |
| KEPLER CAPITAL MARKETS, INC. | $11K | 8.26% |
| MORGAN STANLEY | $9K | 7.15% |
| BARCLAYS CAPITAL INC. | $9K | 7.13% |
| BANC OF AMERICA SECURITIES LLC | $9K | 6.69% |
| KEEFE, BRUYETTE & WOODS, INC. | $9K | 6.66% |
| NOMURA SECURITIES INTERNATIONAL, INC. | $8K | 6.03% |
ARSQX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| GOLDMAN SACHS & CO. LLC | $6.1M | 100.00% |
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.