C000016098 Fees and Costs — Greenspring Fund, Retail Class
Data updated: 2023-08-23
The net expense ratio is 1.11%. There are no sales loads or redemption fees. In fiscal 2022 the fund paid $61K in broker commissions, 0.0409% of average net assets, and portfolio turnover was 11%.
C000016098 Fees and Expenses
Annual operating expenses and sales charges of C000016098. Prospectus, as of April 30, 2023.
| Annual operating expenses | |
|---|---|
| Management fee | 0.75% |
| 12b-1 fee | — |
| Other expenses | 0.34% |
| Gross expense ratio | 1.11% |
| Fee waiver | — |
| Net expense ratio | 1.11% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | No |
| Fees waived or reduced during the year | No |
| Waived fees subject to recoupment | No |
C000016098 Costs Over Time
On $10,000 invested in C000016098, assuming 5% a year before costs, total costs come to $718 over 5 years, cutting the return by 1.21% 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 1.11%) | $117 | $363 | $629 |
| Trading costs (broker commissions) | $4 | $13 | $23 |
| Lost growth on money paid in costs | $0 | $19 | $66 |
| Total costs | $121 | $395 | $718 |
| Value after costs | $10,379 | $11,181 | $12,045 |
| Impact on return, per year | 1.21% | 1.21% | 1.21% |
C000016098 Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending December 31, 2022.
- Explicit cost rate (commissions ÷ average net assets): 0.0409%
- Total broker commissions: $61K
- Bought from dealers (principal trades, not a cost): $10.6M
- Portfolio turnover (prospectus): 11%
- Securities lending: none during the year
C000016098 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Instinet, LLC | $53K | 87.59% |
| Raymond James & Associates, Inc. | $4K | 5.81% |
| B. Riley & Co., LLC | $2K | 3.04% |
| Stifel Nicolaus & Company, Incorporated | $1K | 1.86% |
| J.P. Morgan Securities LLC | $888 | 1.46% |
| Wells Fargo Securities, LLC | $142 | 0.23% |
C000016098 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| MARKETAXESS CORPORATION | $3.3M | 38.70% |
| Piper Jaffray Investment Management, LLC | $991K | 11.59% |
| Robert W. Baird & Co. Incorporated | $651K | 7.62% |
| Citigroup Global Markets Inc. | $632K | 7.40% |
| Citizens Capital Markets Inc. | $600K | 7.02% |
| Hilltop Securities Inc. | $595K | 6.96% |
| Jefferies LLC | $487K | 5.70% |
| BTIG LLC | $448K | 5.25% |
| Seaport Global Securities LLC | $436K | 5.10% |
| Merrill Lynch Pierce Fenner & Smith Incorporated | $398K | 4.65% |
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.