C000051590 Fees and Costs — Prospector Opportunity Fund
Data updated: 2024-11-25
The net expense ratio is 1.26%: a 1.00% management fee, a 0.09% 12b-1 fee plus 0.28% other expenses, less a 0.12% fee waiver. This share class carries a redemption fee of 2.00%. In fiscal 2024 the fund paid $75K in broker commissions, 0.0304% of average net assets, and portfolio turnover was 32%.
C000051590 Fees and Expenses
Annual operating expenses and sales charges of C000051590. Prospectus, as of April 30, 2024.
| Annual operating expenses | |
|---|---|
| Management fee | 1.00% |
| 12b-1 fee | 0.09% |
| Other expenses | 0.28% |
| Gross expense ratio | 1.38% |
| Fee waiver | −0.12% |
| 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 |
C000051590 Costs Over Time
On $10,000 invested in C000051590, assuming 5% a year before costs, total costs come to $802 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 | $10 | $17 |
| Lost growth on money paid in costs | $0 | $21 | $74 |
| Total costs | $135 | $442 | $802 |
| Value after costs | $10,365 | $11,134 | $11,960 |
| Impact on return, per year | 1.35% | 1.35% | 1.35% |
C000051590 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): 0.0304%
- Total broker commissions: $75K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 32%
- Securities lending: none during the year
C000051590 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Morgan Stanley & Co Inc | $14K | 21.34% |
| DOWLING & PARTNERS SECURITIES LLC | $13K | 18.83% |
| RAYMOND JAMES & ASSOCIATES INC. | $8K | 11.48% |
| KEEFE, BRUYETTE & WOODS, INC. | $7K | 9.76% |
| HOVDE GROUP | $6K | 9.64% |
| UBS FINANCIAL SERVICES INC. | $5K | 6.78% |
| STIFEL NICOLAUS & CO. INC. | $5K | 6.69% |
| PIPER JAFFRAY & CO. | $4K | 6.56% |
| JEFFERIES LLC | $3K | 4.82% |
| ROBERT W. BAIRD & CO. INCORPORATED | $3K | 4.10% |
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.