ASFZX Fees and Costs — 361 U.S. Small Cap Equity Fund, Class I
Data updated: 2025-04-28
The net expense ratio is 0.97%: a 0.80% management fee plus 1.12% other expenses, less a 0.95% fee waiver. There are no sales loads or redemption fees. In fiscal 2019 the fund paid $102K in broker commissions, 0.3754% of average net assets, and portfolio turnover was 235%.
ASFZX Fees and Expenses
Annual operating expenses and sales charges of ASFZX. Prospectus, as of February 29, 2020.
| Annual operating expenses | |
|---|---|
| Management fee | 0.80% |
| 12b-1 fee | 0.00% |
| Other expenses | 1.12% |
| Gross expense ratio | 1.92% |
| Fee waiver | −0.95% |
| Net expense ratio | 0.97% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| Max deferred load | 0.00% |
| Redemption fee | 0.00% |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | Yes |
ASFZX Costs Over Time
On $10,000 invested in ASFZX, assuming 5% a year before costs, total costs come to $836 over 5 years, cutting the return by 1.41% 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 0.97%) | $102 | $317 | $547 |
| Trading costs (broker commissions) | $39 | $123 | $212 |
| Lost growth on money paid in costs | $0 | $22 | $77 |
| Total costs | $141 | $461 | $836 |
| Value after costs | $10,359 | $11,115 | $11,927 |
| Impact on return, per year | 1.41% | 1.41% | 1.41% |
ASFZX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending October 31, 2019.
- Explicit cost rate (commissions ÷ average net assets): 0.3754%
- Total broker commissions: $102K
- Bought from dealers (principal trades, not a cost): $924
- Portfolio turnover (prospectus): 235%
- Securities lending: none during the year
ASFZX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| CAPITAL INSTITUTIONAL SERVICES, INC. | $23K | 22.96% |
| CREDIT SUISSE SECURITIES (USA) LLC | $13K | 13.51% |
| JONESTRADING INSTITUTIONAL SERVICES LLC | $13K | 12.65% |
| GOLDMAN SACHS & CO. LLC | $10K | 10.44% |
| ROBERT W. BAIRD & CO. INCORPORATED | $10K | 10.03% |
| TMC BONDS L.L.C. | $9K | 8.79% |
| MISCHLER FINANCIAL GROUP | $8K | 8.47% |
| BANC OF AMERICA SECURITIES LLC | $6K | 6.00% |
| INSTINET, LLC | $4K | 3.73% |
| State Street Corp | $3K | 3.42% |
ASFZX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| GOLDMAN SACHS & CO. LLC | $504 | 54.55% |
| BANC OF AMERICA SECURITIES LLC | $318 | 34.42% |
| CAPITAL INSTITUTIONAL SERVICES, INC. | $102 | 11.04% |
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.