C000121689 Fees and Costs — Advisory Research Strategic Income Fund
Data updated: 2020-03-24
The net expense ratio is 0.90%: a 0.70% management fee plus 1.57% other expenses, less a 1.37% fee waiver. This share class carries a redemption fee of 2.00%. In fiscal 2019 the fund paid $2K in broker commissions, 0.0165% of average net assets, and portfolio turnover was 48%.
C000121689 Fees and Expenses
Annual operating expenses and sales charges of C000121689. Prospectus, as of February 28, 2019.
| Annual operating expenses | |
|---|---|
| Management fee | 0.70% |
| 12b-1 fee | 0.00% |
| Other expenses | 1.57% |
| Gross expense ratio | 2.27% |
| Fee waiver | −1.37% |
| Net expense ratio | 0.90% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| Max deferred load | 0.00% |
| 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 |
C000121689 Costs Over Time
On $10,000 invested in C000121689, assuming 5% a year before costs, total costs come to $574 over 5 years, cutting the return by 0.96% 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 0.90%) | $94 | $295 | $512 |
| Trading costs (broker commissions) | $2 | $5 | $9 |
| Lost growth on money paid in costs | $0 | $15 | $53 |
| Total costs | $96 | $315 | $574 |
| Value after costs | $10,404 | $11,261 | $12,189 |
| Impact on return, per year | 0.96% | 0.96% | 0.96% |
C000121689 Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending October 31, 2019.
- Explicit cost rate (commissions ÷ average net assets): 0.0165%
- Total broker commissions: $2K
- Bought from dealers (principal trades, not a cost): $1.9M
- Portfolio turnover (prospectus): 48%
- Securities lending: none during the year
C000121689 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| JEFFERIES LLC | $1K | 63.25% |
| BTIG, LLC | $344 | 20.26% |
| DASH FINANCIAL TECHNOLOGIES LLC | $235 | 13.84% |
| Stephens Investment Management Group Llc | $45 | 2.65% |
C000121689 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| TMC BONDS L.L.C. | $1.2M | 61.54% |
| ROBERT W. BAIRD & CO. INCORPORATED | $490K | 26.14% |
| CREDITEX SECURITIES CORPORATION | $231K | 12.33% |
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.