C000096062 Fees and Costs — The Fairholme Allocation Fund
Data updated: 2023-07-27
The net expense ratio is 1.01%. This share class carries a redemption fee of 2.00%. In fiscal 2022 the fund paid $1K in broker commissions, 0.0025% of average net assets, and portfolio turnover was 11%.
C000096062 Fees and Expenses
Annual operating expenses and sales charges of C000096062. Prospectus, as of March 31, 2023.
| Annual operating expenses | |
|---|---|
| Management fee | 1.00% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.00% |
| Gross expense ratio | 1.01% |
| Fee waiver | — |
| Net expense ratio | 1.01% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| Max deferred load | 0.00% |
| Redemption fee | 2.00% |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | No |
C000096062 Costs Over Time
On $10,000 invested in C000096062, assuming 5% a year before costs, total costs come to $633 over 5 years, cutting the return by 1.06% 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 1.01%) | $106 | $331 | $574 |
| Trading costs (broker commissions) | $0 | $1 | $1 |
| Lost growth on money paid in costs | $0 | $16 | $58 |
| Total costs | $106 | $348 | $633 |
| Value after costs | $10,394 | $11,228 | $12,130 |
| Impact on return, per year | 1.06% | 1.06% | 1.06% |
C000096062 Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending November 30, 2022.
- Explicit cost rate (commissions ÷ average net assets): 0.0025%
- Total broker commissions: $1K
- Bought from dealers (principal trades, not a cost): $19.8M
- Portfolio turnover (prospectus): 11%
- Securities lending: none during the year
C000096062 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Piper Jaffray & Co. | $755 | 57.02% |
| RBC CAPITAL MARKETS, LLC | $569 | 42.98% |
C000096062 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Jefferies & Company Inc | $10.9M | 55.23% |
| MORGAN STANLEY | $8.9M | 44.77% |
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 Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date.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.