C000095375 Fees and Costs — Omni Tax-Managed Small-Cap Value Fund, Class N
Data updated: 2023-02-23
The net expense ratio is 0.60%: a 0.50% management fee plus 0.17% other expenses, less a 0.07% fee waiver. There are no sales loads or redemption fees. In fiscal 2022 the fund paid $411K in broker commissions, 0.0463% of average net assets, and portfolio turnover was 30%.
C000095375 Fees and Expenses
Annual operating expenses and sales charges of C000095375. Prospectus, as of October 31, 2022.
| Annual operating expenses | |
|---|---|
| Management fee | 0.50% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.17% |
| Gross expense ratio | 0.67% |
| Fee waiver | −0.07% |
| Net expense ratio | 0.60% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| Max deferred load | — |
| Redemption fee | 0.00% |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | Yes |
C000095375 Costs Over Time
On $10,000 invested in C000095375, assuming 5% a year before costs, total costs come to $407 over 5 years, cutting the return by 0.68% 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 0.60%) | $63 | $197 | $343 |
| Trading costs (broker commissions) | $5 | $15 | $27 |
| Lost growth on money paid in costs | $0 | $10 | $37 |
| Total costs | $68 | $223 | $407 |
| Value after costs | $10,432 | $11,353 | $12,356 |
| Impact on return, per year | 0.68% | 0.68% | 0.68% |
C000095375 Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending June 30, 2022.
- Explicit cost rate (commissions ÷ average net assets): 0.0463%
- Total broker commissions: $411K
- Bought from dealers (principal trades, not a cost): $94
- Portfolio turnover (prospectus): 30%
- Securities on loan, average value: $39.3M
- Net income from securities lending: $201K (0.023% of average net assets)
C000095375 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| BTIG, LLC | $169K | 46.08% |
| Merrill Lynch, Pierce, Fenner & Smith Incorporated | $57K | 15.59% |
| JONESTRADING INSTITUTIONAL SERVICES LLC | $56K | 15.27% |
| VIRTU FINANCIAL LLC | $25K | 6.76% |
| CANTOR FITZGERALD & CO. | $17K | 4.76% |
| Raymond James & Associates, Inc. | $10K | 2.73% |
| THE NORTHERN TRUST COMPANY | $9K | 2.56% |
| Stifel, Nicolaus & Company, Incorporated | $9K | 2.43% |
| PIPER SANDLER & CO. | $7K | 1.95% |
| CAPITAL INSTITUTIONAL SERVICES, INC | $7K | 1.87% |
C000095375 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| JONESTRADING INSTITUTIONAL SERVICES LLC | $65 | 69.15% |
| BTIG LLC | $29 | 30.85% |
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.