C000112014 Fees and Costs — Thomson Horstmann & Bryant Microcap Fund, Investor Class
Data updated: 2021-06-29
The net expense ratio is 1.70%: a 1.25% management fee, a 0.25% 12b-1 fee plus 0.95% other expenses, less a 0.75% fee waiver. This share class carries a redemption fee of 2.00%. In fiscal 2020 the fund paid $207K in broker commissions, 0.3696% of average net assets, and portfolio turnover was 62%.
C000112014 Fees and Expenses
Annual operating expenses and sales charges of C000112014. Prospectus, as of February 28, 2021.
| Annual operating expenses | |
|---|---|
| Management fee | 1.25% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.95% |
| Gross expense ratio | 2.45% |
| Fee waiver | −0.75% |
| Net expense ratio | 1.70% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | 2.00% |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | Yes |
C000112014 Costs Over Time
On $10,000 invested in C000112014, assuming 5% a year before costs, total costs come to $1,267 over 5 years, cutting the return by 2.17% 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 1.70%) | $178 | $551 | $944 |
| Trading costs (broker commissions) | $39 | $120 | $205 |
| Lost growth on money paid in costs | $0 | $33 | $117 |
| Total costs | $217 | $704 | $1,267 |
| Value after costs | $10,283 | $10,872 | $11,496 |
| Impact on return, per year | 2.17% | 2.17% | 2.17% |
C000112014 Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending October 31, 2020.
- Explicit cost rate (commissions ÷ average net assets): 0.3696%
- Total broker commissions: $207K
- Bought from dealers (principal trades, not a cost): $224K
- Portfolio turnover (prospectus): 62%
- Securities lending: none during the year
C000112014 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| PIPER JAFFRAY | $109K | 56.96% |
| JONES & CO. | $34K | 17.95% |
| COMPASS POINT | $13K | 6.76% |
| RBC CAPITAL | $11K | 5.91% |
| FIG PARTNERS | $9K | 4.84% |
| PERSHING LLC | $6K | 2.94% |
| BARRINGTON RESEARCH ASSOCIATES | $3K | 1.53% |
| ROTH CAPITAL PARTNERS | $3K | 1.31% |
| B RILEY & CO | $2K | 0.97% |
| RAYMOND JAMES & CO. | $2K | 0.82% |
C000112014 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| FIG PARTNERS | $129K | 57.61% |
| JEFFERIES INC. | $95K | 42.39% |
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.