C000051589 Fees and Costs — Prospector Capital Appreciation Fund
Data updated: 2024-11-25
The net expense ratio is 1.26%: a 1.00% management fee, a 0.03% 12b-1 fee plus 0.73% other expenses, less a 0.51% fee waiver. This share class carries a redemption fee of 2.00%. In fiscal 2024 the fund paid $10K in broker commissions, 0.0254% of average net assets, and portfolio turnover was 41%.
C000051589 Fees and Expenses
Annual operating expenses and sales charges of C000051589. Prospectus, as of April 30, 2024.
| Annual operating expenses | |
|---|---|
| Management fee | 1.00% |
| 12b-1 fee | 0.03% |
| Other expenses | 0.73% |
| Gross expense ratio | 1.77% |
| Fee waiver | −0.51% |
| Net expense ratio | 1.26% |
| 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 |
C000051589 Costs Over Time
On $10,000 invested in C000051589, assuming 5% a year before costs, total costs come to $799 over 5 years, cutting the return by 1.35% 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 1.26%) | $132 | $412 | $712 |
| Trading costs (broker commissions) | $3 | $8 | $14 |
| Lost growth on money paid in costs | $0 | $21 | $74 |
| Total costs | $135 | $441 | $799 |
| Value after costs | $10,365 | $11,136 | $11,963 |
| Impact on return, per year | 1.35% | 1.35% | 1.35% |
C000051589 Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending September 6, 2024.
- Explicit cost rate (commissions ÷ average net assets): 0.0254%
- Total broker commissions: $10K
- Bought from dealers (principal trades, not a cost): $4.8M
- Portfolio turnover (prospectus): 41%
- Securities lending: none during the year
C000051589 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| DOWLING & PARTNERS SECURITIES LLC | $2K | 26.56% |
| Morgan Stanley & Co Inc | $2K | 23.73% |
| KEEFE, BRUYETTE & WOODS, INC. | $1K | 12.37% |
| STIFEL NICOLAUS & CO. INC. | $960 | 10.57% |
| CITIGROUP GLOBAL MARKETS INC. | $609 | 6.70% |
| UBS FINANCIAL SERVICES INC. | $441 | 4.86% |
| ROBERT W. BAIRD & CO. INCORPORATED | $392 | 4.32% |
| RAYMOND JAMES & ASSOCIATES, INC. | $390 | 4.29% |
| PIPER JAFFRAY & CO. | $370 | 4.07% |
| HOVDE GROUP | $230 | 2.53% |
C000051589 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| BARCLAY INVESTMENTS LLC | $3.9M | 82.25% |
| J.P. Morgan Securities LLC | $844K | 17.75% |
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.