C000079671 Fees and Costs — Salient Tactical Growth Fund, Class C
Data updated: 2022-11-17
The net expense ratio is 2.47%. This share class carries a deferred sales charge of up to 1.00%. In fiscal 2021 the fund paid $165K in broker commissions, 0.0512% of average net assets, and portfolio turnover was 201%.
C000079671 Fees and Expenses
Annual operating expenses and sales charges of C000079671. Prospectus, as of April 30, 2022.
| Annual operating expenses | |
|---|---|
| Management fee | 1.15% |
| 12b-1 fee | 0.75% |
| Other expenses | 0.51% |
| Gross expense ratio | 2.47% |
| Fee waiver | — |
| Net expense ratio | 2.47% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| Max deferred load | 1.00% |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | No |
| Fees waived or reduced during the year | No |
| Waived fees subject to recoupment | No |
C000079671 Costs Over Time
On $10,000 invested in C000079671, assuming 5% a year before costs, total costs come to $1,530 over 5 years, cutting the return by 2.65% 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 | $102 | $0 | $0 |
| Fund expenses (net expense ratio 2.47%) | $259 | $796 | $1,359 |
| Trading costs (broker commissions) | $5 | $17 | $28 |
| Lost growth on money paid in costs | $0 | $41 | $142 |
| Total costs | $367 | $854 | $1,530 |
| Value after costs | $10,133 | $10,723 | $11,233 |
| Impact on return, per year | 3.67% | 2.65% | 2.65% |
C000079671 Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending December 31, 2021.
- Explicit cost rate (commissions ÷ average net assets): 0.0512%
- Total broker commissions: $165K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 201%
- Securities lending: none during the year
C000079671 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| MORGAN STANLEY | $165K | 100.00% |
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 Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date.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.