C000079672 Fees and Costs — Salient Tactical Growth Fund, Investor Class
Data updated: 2022-11-17
The net expense ratio is 1.87%. There are no sales loads or redemption fees. In fiscal 2021 the fund paid $165K in broker commissions, 0.0512% of average net assets, and portfolio turnover was 201%.
C000079672 Fees and Expenses
Annual operating expenses and sales charges of C000079672. Prospectus, as of April 30, 2022.
| Annual operating expenses | |
|---|---|
| Management fee | 1.15% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.41% |
| Gross expense ratio | 1.87% |
| Fee waiver | — |
| Net expense ratio | 1.87% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | No |
| Fees waived or reduced during the year | No |
| Waived fees subject to recoupment | No |
C000079672 Costs Over Time
On $10,000 invested in C000079672, assuming 5% a year before costs, total costs come to $1,180 over 5 years, cutting the return by 2.02% 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 1.87%) | $196 | $607 | $1,042 |
| Trading costs (broker commissions) | $5 | $17 | $29 |
| Lost growth on money paid in costs | $0 | $31 | $109 |
| Total costs | $202 | $654 | $1,180 |
| Value after costs | $10,298 | $10,922 | $11,583 |
| Impact on return, per year | 2.02% | 2.02% | 2.02% |
C000079672 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
C000079672 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 Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date.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.