C000126205 Fees and Costs — Grandeur Peak Global Reach Fund, Investor Class
Data updated: 2023-09-28
The net expense ratio is 1.49%. This share class carries a redemption fee of 2.00%. In fiscal 2023 the fund paid $217K in broker commissions, 0.0788% of average net assets, and portfolio turnover was 42%.
C000126205 Fees and Expenses
Annual operating expenses and sales charges of C000126205. Prospectus, as of August 31, 2023.
| Annual operating expenses | |
|---|---|
| Management fee | 1.10% |
| 12b-1 fee | 0.21% |
| Other expenses | 0.16% |
| Gross expense ratio | 1.49% |
| Fee waiver | — |
| Net expense ratio | 1.49% |
| 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 | No |
| Waived fees subject to recoupment | Yes |
C000126205 Costs Over Time
On $10,000 invested in C000126205, assuming 5% a year before costs, total costs come to $970 over 5 years, cutting the return by 1.65% 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 1.49%) | $156 | $485 | $836 |
| Trading costs (broker commissions) | $8 | $26 | $44 |
| Lost growth on money paid in costs | $0 | $25 | $89 |
| Total costs | $165 | $536 | $970 |
| Value after costs | $10,335 | $11,040 | $11,793 |
| Impact on return, per year | 1.65% | 1.65% | 1.65% |
C000126205 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): 0.0788%
- Total broker commissions: $217K
- Bought from dealers (principal trades, not a cost): $1.1M
- Portfolio turnover (prospectus): 42%
- Securities lending: none during the year
C000126205 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Morgan Stanley | $48K | 35.75% |
| BLOOMBERG TRADEBOOK LLC | $21K | 15.86% |
| GOLDMAN SACHS & CO. LLC | $16K | 11.83% |
| LIQUIDNET, INC. | $10K | 7.27% |
| BERENBERG CAPITAL MARKETS LLC | $8K | 5.84% |
| STIFEL, NICOLAUS & COMPANY, INCORPORATED | $8K | 5.62% |
| WILLIAM BLAIR | $7K | 5.45% |
| MACQUARIE CAPITAL (USA) INC. | $6K | 4.73% |
| WOOD (ARTHUR W.) COMPANY, INC. | $5K | 3.97% |
| ITAU INTERNATIONAL SECURITIES INC. | $5K | 3.68% |
C000126205 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| INTERACTIVE BROKERS LLC | $404K | 37.08% |
| GOLDMAN SACHS & CO. LLC | $285K | 26.15% |
| Cenkos Securities | $220K | 20.21% |
| NUMIS SECURITIES INC. | $180K | 16.56% |
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.