BSCVX Fees and Costs — Bernzott U.S. Small Cap Value Fund
Data updated: 2024-04-18
The net expense ratio is 0.95%: a 0.80% management fee plus 0.32% other expenses, less a 0.17% fee waiver. This share class carries a redemption fee of 2.00%. In fiscal 2023 the fund paid $73K in broker commissions, 0.0807% of average net assets, and portfolio turnover was 46%.
BSCVX Fees and Expenses
Annual operating expenses and sales charges of BSCVX. Prospectus, as of September 30, 2023.
| Annual operating expenses | |
|---|---|
| Management fee | 0.80% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.32% |
| Gross expense ratio | 1.12% |
| Fee waiver | −0.17% |
| Net expense ratio | 0.95% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | 2.00% |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | Yes |
BSCVX Costs Over Time
On $10,000 invested in BSCVX, assuming 5% a year before costs, total costs come to $644 over 5 years, cutting the return by 1.08% 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 | $539 |
| Trading costs (broker commissions) | $8 | $26 | $46 |
| Lost growth on money paid in costs | $0 | $17 | $59 |
| Total costs | $108 | $354 | $644 |
| Value after costs | $10,392 | $11,222 | $12,119 |
| Impact on return, per year | 1.08% | 1.08% | 1.08% |
BSCVX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending May 31, 2023.
- Explicit cost rate (commissions ÷ average net assets): 0.0807%
- Total broker commissions: $73K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 46%
- Securities lending: none during the year
BSCVX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| RAYMOND JAMES (USA) LTD. | $20K | 27.69% |
| ROBERTS & RYAN INVESTMENTS INC. | $20K | 27.07% |
| STIFEL, NICOLAUS & COMPANY, INCORPORATED | $16K | 21.17% |
| ABEL NOSER, LLC. | $7K | 9.07% |
| J.P. MORGAN SECURITIES LLC | $5K | 6.14% |
| PIPER JAFFRAY & CO. | $4K | 4.81% |
| COWEN AND COMPANY, LLC | $2K | 2.63% |
| CRAIG-HALLUM CAPITAL GROUP LLC | $1K | 1.43% |
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.