C000077284 Fees and Costs — The Cook & Bynum Fund
Data updated: 2024-12-10
The net expense ratio is 1.49%: a 1.49% management fee plus 0.59% other expenses, less a 0.59% fee waiver. This share class carries a redemption fee of 2.00%. In fiscal 2024 the fund paid $3K in broker commissions, 0.0038% of average net assets, and portfolio turnover was 4%.
C000077284 Fees and Expenses
Annual operating expenses and sales charges of C000077284. Prospectus, as of January 31, 2024.
| Annual operating expenses | |
|---|---|
| Management fee | 1.49% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.59% |
| Gross expense ratio | 2.08% |
| Fee waiver | −0.59% |
| Net expense ratio | 1.49% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| Max deferred load | 0.00% |
| Redemption fee | 2.00% |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | Yes |
C000077284 Costs Over Time
On $10,000 invested in C000077284, assuming 5% a year before costs, total costs come to $925 over 5 years, cutting the return by 1.57% 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 | $486 | $838 |
| Trading costs (broker commissions) | $0 | $1 | $2 |
| Lost growth on money paid in costs | $0 | $24 | $85 |
| Total costs | $157 | $511 | $925 |
| Value after costs | $10,343 | $11,065 | $11,838 |
| Impact on return, per year | 1.57% | 1.57% | 1.57% |
C000077284 Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending September 30, 2024.
- Explicit cost rate (commissions ÷ average net assets): 0.0038%
- Total broker commissions: $3K
- Bought from dealers (principal trades, not a cost): $14.3M
- Portfolio turnover (prospectus): 4%
- Securities lending: none during the year
C000077284 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| CLSA AMERICAS LLC | $2K | 71.51% |
| RBC CAPITAL MARKETS LLC | $819 | 28.49% |
C000077284 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| RBC CAPITAL MARKETS LLC | $11.3M | 78.77% |
| WELLS FARGO SECURITIES LLC | $3.0M | 21.23% |
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.