C000126203 Fees and Costs — Grandeur Peak Emerging Markets Opportunities Fund, Investor Class
Data updated: 2023-09-28
The net expense ratio is 1.68%: a 1.35% management fee, a 0.19% 12b-1 fee plus 0.16% other expenses, less a 0.02% fee waiver. This share class carries a redemption fee of 2.00%. In fiscal 2023 the fund paid $323K in broker commissions, 0.0750% of average net assets, and portfolio turnover was 32%.
C000126203 Fees and Expenses
Annual operating expenses and sales charges of C000126203. Prospectus, as of August 31, 2023.
| Annual operating expenses | |
|---|---|
| Management fee | 1.35% |
| 12b-1 fee | 0.19% |
| Other expenses | 0.16% |
| Gross expense ratio | 1.70% |
| Fee waiver | −0.02% |
| Net expense ratio | 1.68% |
| 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 |
C000126203 Costs Over Time
On $10,000 invested in C000126203, assuming 5% a year before costs, total costs come to $1,081 over 5 years, cutting the return by 1.84% 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 1.68%) | $176 | $546 | $939 |
| Trading costs (broker commissions) | $8 | $24 | $42 |
| Lost growth on money paid in costs | $0 | $28 | $100 |
| Total costs | $184 | $599 | $1,081 |
| Value after costs | $10,316 | $10,977 | $11,682 |
| Impact on return, per year | 1.84% | 1.84% | 1.84% |
C000126203 Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending April 30, 2023.
- Explicit cost rate (commissions ÷ average net assets): 0.0750%
- Total broker commissions: $323K
- Bought from dealers (principal trades, not a cost): $3.4M
- Portfolio turnover (prospectus): 32%
- Securities lending: none during the year
C000126203 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Morgan Stanley | $49K | 23.52% |
| LIQUIDNET, INC. | $24K | 11.49% |
| Goldman Sachs | $22K | 10.59% |
| CLSA AMERICAS, LLC | $19K | 9.12% |
| ITAU INTERNATIONAL SECURITIES INC. | $19K | 9.03% |
| WOOD (ARTHUR W.) COMPANY, INC. | $18K | 8.41% |
| Auerbach Grayson & Co | $16K | 7.47% |
| MACQUARIE CAPITAL (USA) INC. | $16K | 7.46% |
| UOB KAY HIAN (U.S.) INC. | $14K | 6.57% |
| EFG-HERMES USA, INC. | $13K | 6.34% |
C000126203 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| JPMORGAN DISTRIBUTION SERVICES, INC. | $3.4M | 100.00% |
| MAYBANK KIM ENG SECURITIES USA INC. | $64 | 0.00% |
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.