ASUIX Fees and Costs — Arabesque Systematic USA Fund, Institutional Class
Data updated: 2020-08-25
The net expense ratio is 0.95%: a 0.75% management fee plus 0.69% other expenses, less a 0.49% fee waiver. This share class carries a redemption fee of 1.00%. In fiscal 2019 the fund paid $68K in broker commissions, 0.1656% of average net assets, and portfolio turnover was 307%.
ASUIX Fees and Expenses
Annual operating expenses and sales charges of ASUIX. Prospectus, as of January 31, 2020.
| Annual operating expenses | |
|---|---|
| Management fee | 0.75% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.69% |
| Gross expense ratio | 1.44% |
| Fee waiver | −0.49% |
| Net expense ratio | 0.95% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| 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 |
ASUIX Costs Over Time
On $10,000 invested in ASUIX, assuming 5% a year before costs, total costs come to $696 over 5 years, cutting the return by 1.17% 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 0.95%) | $100 | $311 | $538 |
| Trading costs (broker commissions) | $17 | $54 | $94 |
| Lost growth on money paid in costs | $0 | $18 | $64 |
| Total costs | $117 | $383 | $696 |
| Value after costs | $10,383 | $11,193 | $12,067 |
| Impact on return, per year | 1.17% | 1.17% | 1.17% |
ASUIX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending September 30, 2019.
- Explicit cost rate (commissions ÷ average net assets): 0.1656%
- Total broker commissions: $68K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 307%
- Securities lending: none during the year
ASUIX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| ITG, INC. | $23K | 33.65% |
| CREDIT SUISSE SECURITIES (USA) LLC | $21K | 31.09% |
| J.P. Morgan Securities LLC | $20K | 28.96% |
| DEUTSCHE BANK SECURITIES INC. | $4K | 6.30% |
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 Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date.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.