C000014988 Fees and Costs — USA Mutuals Vitium Global Fund, Investor Class
Data updated: 2021-04-05
The net expense ratio is 1.49%: a 0.95% management fee, a 0.25% 12b-1 fee plus 0.47% other expenses, less a 0.18% fee waiver. There are no sales loads or redemption fees. In fiscal 2021 the fund paid $45K in broker commissions, 0.0409% of average net assets, and portfolio turnover was 32%.
C000014988 Fees and Expenses
Annual operating expenses and sales charges of C000014988. Prospectus, as of July 31, 2020.
| Annual operating expenses | |
|---|---|
| Management fee | 0.95% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.47% |
| Gross expense ratio | 1.67% |
| Fee waiver | −0.18% |
| Net expense ratio | 1.49% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| Max deferred load | 0.00% |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | Yes |
C000014988 Costs Over Time
On $10,000 invested in C000014988, assuming 5% a year before costs, total costs come to $947 over 5 years, cutting the return by 1.61% 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 1.49%) | $156 | $485 | $837 |
| Trading costs (broker commissions) | $4 | $13 | $23 |
| Lost growth on money paid in costs | $0 | $25 | $87 |
| Total costs | $161 | $524 | $947 |
| Value after costs | $10,339 | $11,053 | $11,815 |
| Impact on return, per year | 1.61% | 1.61% | 1.61% |
C000014988 Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending January 22, 2021.
- Explicit cost rate (commissions ÷ average net assets): 0.0409%
- Total broker commissions: $45K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 32%
- Securities on loan, average value: $7.4M
- Net income from securities lending: $22K (0.020% of average net assets)
C000014988 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Morgan Stanley & Co. LLC | $22K | 50.20% |
| Sanford C. Bernstein & Co. LLC | $17K | 38.61% |
| Interactive Brokers LLC | $3K | 5.62% |
| ADM Investor Services, Inc. | $2K | 5.57% |
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.