C000081465 Fees and Costs — Evermore Global Value Fund, Institutional Class
Data updated: 2022-11-23
The net expense ratio is 1.32%: a 0.99% management fee plus 0.33% other expenses. This share class carries a redemption fee of 2.00%. In fiscal 2021 the fund paid $306K in broker commissions, 0.1159% of average net assets, and portfolio turnover was 33%.
C000081465 Fees and Expenses
Annual operating expenses and sales charges of C000081465. Prospectus, as of April 30, 2022.
| Annual operating expenses | |
|---|---|
| Management fee | 0.99% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.33% |
| Gross expense ratio | 1.32% |
| Fee waiver | — |
| Net expense ratio | 1.32% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | 2.00% |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | No |
| Waived fees subject to recoupment | Yes |
C000081465 Costs Over Time
On $10,000 invested in C000081465, assuming 5% a year before costs, total costs come to $890 over 5 years, cutting the return by 1.51% 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 1.32%) | $139 | $430 | $743 |
| Trading costs (broker commissions) | $12 | $38 | $65 |
| Lost growth on money paid in costs | $0 | $23 | $82 |
| Total costs | $151 | $492 | $890 |
| Value after costs | $10,349 | $11,085 | $11,872 |
| Impact on return, per year | 1.51% | 1.51% | 1.51% |
C000081465 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): 0.1159%
- Total broker commissions: $306K
- Bought from dealers (principal trades, not a cost): $59.1M
- Portfolio turnover (prospectus): 33%
- Securities on loan, average value: $12.0M
- Net income from securities lending: $420K (0.159% of average net assets)
C000081465 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Virtu Financial Capital Markets LLC | $80K | 33.15% |
| Guggenheim Securities, LLC | $35K | 14.47% |
| Liquidnet Inc. | $32K | 13.21% |
| BTIG LLC | $25K | 10.41% |
| ELEVATION LLC | $23K | 9.56% |
| Carnegie, Inc. | $15K | 6.09% |
| Barclays Capital Inc. | $9K | 3.52% |
| Goodbody Securities, Inc. | $8K | 3.38% |
| CM-CIC Market Solutions, Inc. | $8K | 3.13% |
| Hauck & Aufhauser Privatbankiers AG | $7K | 3.08% |
C000081465 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Berenberg Capital Markets, LLC | $16.5M | 27.95% |
| DNB Markets, Inc. | $11.1M | 18.73% |
| Barclays Capital Inc. | $8.9M | 15.06% |
| Carnegie, Inc. | $7.8M | 13.23% |
| Goldman Sachs & Co., LLC | $6.8M | 11.52% |
| Degroof Petercam Asset Management | $3.8M | 6.36% |
| Sparebank 1 Capital Markets, Inc. | $2.6M | 4.44% |
| B. Riley & Co., LLC | $735K | 1.24% |
| Jefferies, LLC | $609K | 1.03% |
| Imperial Capital, LLC | $256K | 0.43% |
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.