C000103067 Fees and Costs — Mairs and Power Small Cap Fund, Investor Class
Data updated: 2022-05-16
The net expense ratio is 1.04%: a 0.90% management fee plus 0.14% other expenses. This share class carries a redemption fee of 1.00%. In fiscal 2021 the fund paid $171K in broker commissions, 0.0411% of average net assets, and portfolio turnover was 16%.
C000103067 Fees and Expenses
Annual operating expenses and sales charges of C000103067. Prospectus, as of April 30, 2021.
| Annual operating expenses | |
|---|---|
| Management fee | 0.90% |
| 12b-1 fee | — |
| Other expenses | 0.14% |
| Gross expense ratio | 1.04% |
| Fee waiver | — |
| Net expense ratio | 1.04% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | 1.00% |
| Expense limitation in place (N-CEN) | No |
| Fees waived or reduced during the year | No |
| Waived fees subject to recoupment | No |
C000103067 Costs Over Time
On $10,000 invested in C000103067, assuming 5% a year before costs, total costs come to $675 over 5 years, cutting the return by 1.14% 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 1.04%) | $109 | $340 | $590 |
| Trading costs (broker commissions) | $4 | $13 | $23 |
| Lost growth on money paid in costs | $0 | $18 | $62 |
| Total costs | $114 | $371 | $675 |
| Value after costs | $10,386 | $11,205 | $12,088 |
| Impact on return, per year | 1.14% | 1.14% | 1.14% |
C000103067 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): 0.0411%
- Total broker commissions: $171K
- Bought from dealers (principal trades, not a cost): $827K
- Portfolio turnover (prospectus): 16%
- Securities lending: none during the year
C000103067 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| PIPER JAFFRAY INVESTMENT MANAGEMENT, LLC | $171K | 99.96% |
| CHARLES SCHWAB & CO. INC. | $64 | 0.04% |
C000103067 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| JEFFERIES LLC | $827K | 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 Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date.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.