C000130190 Fees and Costs — Riverpark Strategic Income Fund, Retail Class
Data updated: 2023-12-14
The net expense ratio is 1.34%. There are no sales loads or redemption fees. Portfolio turnover was 72%.
C000130190 Fees and Expenses
Annual operating expenses and sales charges of C000130190. Prospectus, as of January 31, 2023.
| Annual operating expenses | |
|---|---|
| Management fee | 0.65% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.17% |
| Gross expense ratio | 1.34% |
| Fee waiver | — |
| Net expense ratio | 1.34% |
| 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 | Yes |
C000130190 Costs Over Time
On $10,000 invested in C000130190, assuming 5% a year before costs, total costs come to $832 over 5 years, cutting the return by 1.41% 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 1.34%) | $141 | $437 | $756 |
| Lost growth on money paid in costs | $0 | $22 | $77 |
| Total costs | $141 | $459 | $832 |
| Value after costs | $10,359 | $11,117 | $11,930 |
| Impact on return, per year | 1.41% | 1.41% | 1.41% |
C000130190 Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending September 30, 2023.
- Explicit cost rate (commissions ÷ average net assets): —
- Total broker commissions: —
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 72%
- Securities lending: none during the year
C000130190 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Oscar Gruss | $34K | 25.42% |
| CIBC | $24K | 18.25% |
| Bank of America | $20K | 14.95% |
| Jones Trading | $17K | 12.58% |
| Cantor Fitzgerald | $16K | 12.28% |
| Cowen and Co. | $9K | 6.51% |
| Jefferies & Company | $4K | 2.76% |
| Riley B & Co, Inc | $3K | 2.55% |
| Southwest Securities | $3K | 2.37% |
| BTIG | $3K | 2.34% |
C000130190 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| BANK OF AMERICA | $85.2M | 35.12% |
| GOLDMAN SACHS | $28.1M | 11.59% |
| JP MORGAN CHASE SECURITIES | $23.4M | 9.66% |
| PERSHING LLC | $23.3M | 9.62% |
| CITIGROUP GLOBAL MARKETS | $22.2M | 9.15% |
| MERRILL LYNCH, PIERCE, FENNER & SMITH | $13.2M | 5.44% |
| JEFFERIES LLC | $13.0M | 5.37% |
| RBC DAIN RAUSCHER INC. | $13.0M | 5.37% |
| CREDIT SUISSE FIRST BOSTON LLC. | $11.4M | 4.68% |
| NATIONAL FINANCIAL SERVICES CORPORATION | $9.7M | 4.00% |
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.