C000003868 Fees and Costs — The Torray Fund
Data updated: 2022-11-21
The net expense ratio is 1.07%: a 1.00% management fee plus 0.16% other expenses, less a 0.09% fee waiver. There are no sales loads or redemption fees. In fiscal 2021 the fund paid $85K in broker commissions, 0.0221% of average net assets, and portfolio turnover was 36%.
C000003868 Fees and Expenses
Annual operating expenses and sales charges of C000003868. Prospectus, as of April 30, 2022.
| Annual operating expenses | |
|---|---|
| Management fee | 1.00% |
| 12b-1 fee | — |
| Other expenses | 0.16% |
| Gross expense ratio | 1.16% |
| Fee waiver | −0.09% |
| Net expense ratio | 1.07% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | No |
C000003868 Costs Over Time
On $10,000 invested in C000003868, assuming 5% a year before costs, total costs come to $682 over 5 years, cutting the return by 1.15% 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 1.07%) | $112 | $350 | $607 |
| Trading costs (broker commissions) | $2 | $7 | $13 |
| Lost growth on money paid in costs | $0 | $18 | $63 |
| Total costs | $115 | $375 | $682 |
| Value after costs | $10,385 | $11,201 | $12,081 |
| Impact on return, per year | 1.15% | 1.15% | 1.15% |
C000003868 Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending December 31, 2021.
- Explicit cost rate (commissions ÷ average net assets): 0.0221%
- Total broker commissions: $85K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 36%
- Securities lending: none during the year
C000003868 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| MORGAN STANLEY & CO. LLC | $18K | 21.42% |
| Strategas Securities LLC | $18K | 21.29% |
| EVERCORE GROUP LLC | $15K | 17.18% |
| WILLIAM BLAIR & COMPANY LLC | $14K | 16.80% |
| Sanford C. Bernstein & Co. LLC | $11K | 12.33% |
| Stifel Nicolaus & Co. Inc. | $9K | 10.97% |
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 Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date.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.