C000106575 Fees and Costs — USA Mutuals Vitium Global Fund, Class C
Data updated: 2021-04-05
The net expense ratio is 2.24%: a 0.95% management fee, a 1.00% 12b-1 fee plus 0.47% other expenses, less a 0.18% fee waiver. This share class carries a deferred sales charge of up to 1.00%. In fiscal 2021 the fund paid $45K in broker commissions, 0.0409% of average net assets, and portfolio turnover was 32%.
C000106575 Fees and Expenses
Annual operating expenses and sales charges of C000106575. Prospectus, as of July 31, 2020.
| Annual operating expenses | |
|---|---|
| Management fee | 0.95% |
| 12b-1 fee | 1.00% |
| Other expenses | 0.47% |
| Gross expense ratio | 2.42% |
| Fee waiver | −0.18% |
| Net expense ratio | 2.24% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| Max deferred load | 1.00% |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | Yes |
C000106575 Costs Over Time
On $10,000 invested in C000106575, assuming 5% a year before costs, total costs come to $1,391 over 5 years, cutting the return by 2.39% 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 | $103 | $0 | $0 |
| Fund expenses (net expense ratio 2.24%) | $235 | $724 | $1,239 |
| Trading costs (broker commissions) | $4 | $13 | $23 |
| Lost growth on money paid in costs | $0 | $37 | $129 |
| Total costs | $342 | $774 | $1,391 |
| Value after costs | $10,158 | $10,802 | $11,372 |
| Impact on return, per year | 3.42% | 2.39% | 2.39% |
C000106575 Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending January 22, 2021.
- Explicit cost rate (commissions ÷ average net assets): 0.0409%
- Total broker commissions: $45K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 32%
- Securities on loan, average value: $7.4M
- Net income from securities lending: $22K (0.020% of average net assets)
C000106575 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Morgan Stanley & Co. LLC | $22K | 50.20% |
| Sanford C. Bernstein & Co. LLC | $17K | 38.61% |
| Interactive Brokers LLC | $3K | 5.62% |
| ADM Investor Services, Inc. | $2K | 5.57% |
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.