C000109113 Fees and Costs — Centre American Select Equity Fund, Investor Class
Data updated: 2025-05-28
The net expense ratio is 1.36%. There are no sales loads or redemption fees. In fiscal 2024 the fund paid $197K in broker commissions, 0.0507% of average net assets, and portfolio turnover was 81%.
C000109113 Fees and Expenses
Annual operating expenses and sales charges of C000109113. Prospectus, as of March 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.75% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.23% |
| Gross expense ratio | 1.36% |
| Fee waiver | — |
| Net expense ratio | 1.36% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | Yes |
C000109113 Costs Over Time
On $10,000 invested in C000109113, assuming 5% a year before costs, total costs come to $875 over 5 years, cutting the return by 1.48% 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 1.36%) | $143 | $444 | $766 |
| Trading costs (broker commissions) | $5 | $17 | $29 |
| Lost growth on money paid in costs | $0 | $23 | $81 |
| Total costs | $148 | $483 | $875 |
| Value after costs | $10,352 | $11,093 | $11,888 |
| Impact on return, per year | 1.48% | 1.48% | 1.48% |
C000109113 Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending September 30, 2024.
- Explicit cost rate (commissions ÷ average net assets): 0.0507%
- Total broker commissions: $197K
- Bought from dealers (principal trades, not a cost): $4.7M
- Portfolio turnover (prospectus): 81%
- Securities lending: none during the year
C000109113 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| RAYMOND JAMES FINANCIAL SERVICES, INC. | $138K | 70.33% |
| JPMORGAN DISTRIBUTION SERVICES, INC. | $33K | 16.83% |
| RBC CAPITAL MARKETS, LLC | $19K | 9.53% |
| INTERACTIVE BROKERS LLC | $7K | 3.31% |
C000109113 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| INTERACTIVE BROKERS LLC | $4.7M | 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.