C000078166 Fees and Costs — Advisory Research All Cap Value Fund
Data updated: 2020-03-24
The net expense ratio is 1.00%: a 0.75% management fee plus 1.03% other expenses, less a 0.78% fee waiver. This share class carries a redemption fee of 2.00%. In fiscal 2019 the fund paid $3K in broker commissions, 0.0262% of average net assets, and portfolio turnover was 42%.
C000078166 Fees and Expenses
Annual operating expenses and sales charges of C000078166. Prospectus, as of February 28, 2019.
| Annual operating expenses | |
|---|---|
| Management fee | 0.75% |
| 12b-1 fee | 0.00% |
| Other expenses | 1.03% |
| Gross expense ratio | 1.78% |
| Fee waiver | −0.78% |
| Net expense ratio | 1.00% |
| 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 |
C000078166 Costs Over Time
On $10,000 invested in C000078166, assuming 5% a year before costs, total costs come to $642 over 5 years, cutting the return by 1.08% 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 1.00%) | $105 | $328 | $568 |
| Trading costs (broker commissions) | $3 | $9 | $15 |
| Lost growth on money paid in costs | $0 | $17 | $59 |
| Total costs | $108 | $353 | $642 |
| Value after costs | $10,392 | $11,224 | $12,121 |
| Impact on return, per year | 1.08% | 1.08% | 1.08% |
C000078166 Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending October 31, 2019.
- Explicit cost rate (commissions ÷ average net assets): 0.0262%
- Total broker commissions: $3K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 42%
- Securities lending: none during the year
C000078166 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| WR SECURITIES, LLC | $1K | 47.92% |
| JEFFERIES LLC | $345 | 13.28% |
| DASH FINANCIAL TECHNOLOGIES LLC | $304 | 11.70% |
| RAYMOND JAMES (USA) LTD. | $216 | 8.31% |
| BANC OF AMERICA SECURITIES LLC | $162 | 6.24% |
| KEEFE, BRUYETTE & WOODS, INC. | $127 | 4.89% |
| ROBERT W. BAIRD & CO. INCORPORATED | $79 | 3.04% |
| BLOOMBERG TRADEBOOK LLC | $73 | 2.81% |
| SANFORD C. BERNSTEIN & CO., LLC | $43 | 1.66% |
| CANTOR FITZGERALD & CO. | $4 | 0.15% |
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.