C000053720 Fees and Costs — Tran Capital Focused Fund, Class A
Data updated: 2022-09-23
The net expense ratio is 1.10%: a 0.85% management fee, a 0.25% 12b-1 fee plus 0.72% other expenses, less a 0.72% fee waiver. This share class carries a maximum front-end sales load of 5.00%, a deferred sales charge of up to 1.00% and a redemption fee of 2.00%. In fiscal 2022 the fund paid $22K in broker commissions, 0.0357% of average net assets, and portfolio turnover was 66%.
C000053720 Fees and Expenses
Annual operating expenses and sales charges of C000053720. Prospectus, as of August 31, 2021.
| Annual operating expenses | |
|---|---|
| Management fee | 0.85% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.72% |
| Gross expense ratio | 1.82% |
| Fee waiver | −0.72% |
| Net expense ratio | 1.10% |
| Sales charges | |
|---|---|
| Max front load | 5.00% |
| Max deferred load | 1.00% |
| Redemption fee | 2.00% |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | No |
C000053720 Costs Over Time
On $10,000 invested in C000053720, assuming 5% a year before costs, total costs come to $1,311 over 5 years, cutting the return by 2.25% 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 |
| Sales charges | $599 | $500 | $500 |
| Fund expenses (net expense ratio 1.10%) | $110 | $342 | $592 |
| Trading costs (broker commissions) | $4 | $11 | $19 |
| Lost growth on money paid in costs | $25 | $96 | $200 |
| Total costs | $737 | $949 | $1,311 |
| Value after costs | $9,763 | $10,627 | $11,452 |
| Impact on return, per year | 7.37% | 2.95% | 2.25% |
C000053720 Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending April 30, 2022.
- Explicit cost rate (commissions ÷ average net assets): 0.0357%
- Total broker commissions: $22K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 66%
- Securities lending: none during the year
C000053720 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| VIRTU ITG LLC | $15K | 68.57% |
| VIRTU AMERICAS LLC | $7K | 29.66% |
| JEFFERIES LLC | $390 | 1.77% |
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 Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date.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.