C000086090 Fees and Costs — Salient Tactical Growth Fund, Class A
Data updated: 2022-11-17
The net expense ratio is 1.92%. This share class carries a maximum front-end sales load of 5.75%. In fiscal 2021 the fund paid $165K in broker commissions, 0.0512% of average net assets, and portfolio turnover was 201%.
C000086090 Fees and Expenses
Annual operating expenses and sales charges of C000086090. Prospectus, as of April 30, 2022.
| Annual operating expenses | |
|---|---|
| Management fee | 1.15% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.46% |
| Gross expense ratio | 1.92% |
| Fee waiver | — |
| Net expense ratio | 1.92% |
| Sales charges | |
|---|---|
| Max front load | 5.75% |
| Max deferred load | 0.00% |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | No |
| Fees waived or reduced during the year | No |
| Waived fees subject to recoupment | No |
C000086090 Costs Over Time
On $10,000 invested in C000086090, assuming 5% a year before costs, total costs come to $1,874 over 5 years, cutting the return by 3.28% 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 | $575 | $575 | $575 |
| Fund expenses (net expense ratio 1.92%) | $190 | $587 | $1,007 |
| Trading costs (broker commissions) | $5 | $16 | $27 |
| Lost growth on money paid in costs | $29 | $121 | $264 |
| Total costs | $799 | $1,298 | $1,874 |
| Value after costs | $9,701 | $10,278 | $10,889 |
| Impact on return, per year | 7.99% | 4.08% | 3.28% |
C000086090 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
C000086090 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 Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date.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.