C000110858 Fees and Costs — Multi-Manager Alternative Strategies Fund, Class A
Data updated: 2026-07-29
The net expense ratio is 1.52%: a 1.10% management fee, a 0.25% 12b-1 fee plus 0.17% other expenses. There are no sales loads or redemption fees. In fiscal 2024 the fund paid $929 in broker commissions, 0.0002% of average net assets, and portfolio turnover was 126%.
C000110858 Fees and Expenses
Annual operating expenses and sales charges of C000110858. Prospectus, as of December 31, 2019.
| Annual operating expenses | |
|---|---|
| Management fee | 1.10% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.17% |
| Gross expense ratio | 1.52% |
| Fee waiver | — |
| Net expense ratio | 1.52% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| Max deferred load | 0.00% |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | No |
| Waived fees subject to recoupment | No |
C000110858 Costs Over Time
On $10,000 invested in C000110858, assuming 5% a year before costs, total costs come to $941 over 5 years, cutting the return by 1.60% 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 1.52%) | $160 | $495 | $854 |
| Trading costs (broker commissions) | $0 | $0 | $0 |
| Lost growth on money paid in costs | $0 | $25 | $87 |
| Total costs | $160 | $520 | $941 |
| Value after costs | $10,340 | $11,056 | $11,822 |
| Impact on return, per year | 1.60% | 1.60% | 1.60% |
C000110858 Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending August 31, 2024.
- Explicit cost rate (commissions ÷ average net assets): 0.0002%
- Total broker commissions: $929
- Bought from dealers (principal trades, not a cost): $918.6M
- Portfolio turnover (prospectus): 126%
- Securities lending: none during the year
C000110858 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Citi | $929 | 100.00% |
C000110858 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Citi | $182.9M | 22.98% |
| Goldman Sachs | $168.0M | 21.11% |
| JPMorgan | $124.8M | 15.68% |
| Morgan Stanley | $95.8M | 12.04% |
| Mizuho | $74.7M | 9.38% |
| Barclays | $59.5M | 7.47% |
| Wells Fargo | $43.2M | 5.42% |
| Citadel Securities LLC | $19.4M | 2.43% |
| Nomura Securities International Inc. | $14.3M | 1.80% |
| BMO Capital Markets Corp. | $13.4M | 1.68% |
Multi-Manager Alternative Strategies Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| CZAMX | Institutional Class | 1.28% | none |
| C000110858 | Class A | 1.52% | none |
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.