C000013352 Fees and Costs — TCM Small Cap Growth Fund, Investor Class
Data updated: 2022-05-23
The net expense ratio is 0.94%: a 0.80% management fee plus 0.13% other expenses. There are no sales loads or redemption fees. In fiscal 2021 the fund paid $552K in broker commissions, 0.1172% of average net assets, and portfolio turnover was 84%.
C000013352 Fees and Expenses
Annual operating expenses and sales charges of C000013352. Prospectus, as of January 31, 2022.
| Annual operating expenses | |
|---|---|
| Management fee | 0.80% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.13% |
| Gross expense ratio | 0.94% |
| Fee waiver | — |
| Net expense ratio | 0.94% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | No |
| Waived fees subject to recoupment | No |
C000013352 Costs Over Time
On $10,000 invested in C000013352, assuming 5% a year before costs, total costs come to $661 over 5 years, cutting the return by 1.11% 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 0.94%) | $99 | $308 | $533 |
| Trading costs (broker commissions) | $12 | $38 | $67 |
| Lost growth on money paid in costs | $0 | $17 | $61 |
| Total costs | $111 | $363 | $661 |
| Value after costs | $10,389 | $11,213 | $12,102 |
| Impact on return, per year | 1.11% | 1.11% | 1.11% |
C000013352 Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending September 30, 2021.
- Explicit cost rate (commissions ÷ average net assets): 0.1172%
- Total broker commissions: $552K
- Bought from dealers (principal trades, not a cost): $3.2M
- Portfolio turnover (prospectus): 84%
- Securities lending: none during the year
C000013352 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| COWEN AND COMPANY, LLC | $127K | 36.38% |
| LIQUIDNET, INC. | $37K | 10.57% |
| ROBERT W. BAIRD & CO. INCORPORATED | $27K | 7.82% |
| INSTINET, LLC | $26K | 7.42% |
| D.A. DAVIDSON & CO. | $25K | 7.26% |
| O'NEIL SECURITIES, INCORPORATED | $23K | 6.54% |
| STEPHENS INC. | $22K | 6.28% |
| CRAIG-HALLUM CAPITAL GROUP LLC | $21K | 5.96% |
| NEEDHAM & COMPANY, LLC | $21K | 5.93% |
| WILLIAM BLAIR & COMPANY L.L.C. | $20K | 5.84% |
C000013352 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| RAYMOND JAMES & ASSOCIATES, INC. | $1.4M | 42.37% |
| COWEN AND COMPANY, LLC | $994K | 30.73% |
| B. RILEY FBR, INC. | $852K | 26.33% |
| GOLDMAN SACHS & CO. LLC | $18K | 0.57% |
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.