C000135638 Fees and Costs — Small Cap Value Fund, Class A
Data updated: 2025-04-28
The net expense ratio is 1.39%: a 0.94% management fee, a 0.30% 12b-1 fee plus 0.19% other expenses, less a 0.04% fee waiver. This share class carries a maximum front-end sales load of 5.00% and a deferred sales charge of up to 1.00%. In fiscal 2024 the fund paid $331K in broker commissions, 0.0610% of average net assets, and portfolio turnover was 38%.
C000135638 Fees and Expenses
Annual operating expenses and sales charges of C000135638. Prospectus, as of December 31, 2024.
| Annual operating expenses | |
|---|---|
| Management fee | 0.94% |
| 12b-1 fee | 0.30% |
| Other expenses | 0.19% |
| Gross expense ratio | 1.43% |
| Fee waiver | −0.04% |
| Net expense ratio | 1.39% |
| Sales charges | |
|---|---|
| Max front load | 5.00% |
| Max deferred load | 1.00% |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | No |
C000135638 Costs Over Time
On $10,000 invested in C000135638, assuming 5% a year before costs, total costs come to $1,493 over 5 years, cutting the return by 2.58% 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 |
| Sales charges | $598 | $500 | $500 |
| Fund expenses (net expense ratio 1.39%) | $139 | $431 | $743 |
| Trading costs (broker commissions) | $6 | $19 | $33 |
| Lost growth on money paid in costs | $25 | $101 | $217 |
| Total costs | $768 | $1,051 | $1,493 |
| Value after costs | $9,732 | $10,526 | $11,270 |
| Impact on return, per year | 7.68% | 3.28% | 2.58% |
C000135638 Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending August 31, 2024.
- Explicit cost rate (commissions ÷ average net assets): 0.0610%
- Total broker commissions: $331K
- Bought from dealers (principal trades, not a cost): $2.3B
- Portfolio turnover (prospectus): 38%
- Securities on loan, average value: $3.4M
- Net income from securities lending: $7K (0.001% of average net assets)
C000135638 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| J.P. Morgan Securities LLC | $33K | 14.66% |
| Jefferies LLC | $30K | 13.18% |
| Morgan Stanley & Co. LLC | $23K | 10.28% |
| Royal Bank of Canada | $21K | 9.34% |
| Wells Fargo Securities, LLC | $20K | 9.06% |
| UBS AG | $20K | 8.92% |
| BTIG, LLC | $20K | 8.88% |
| JonesTrading Institutional Services LLC | $20K | 8.65% |
| Piper Jaffray & Co. | $19K | 8.63% |
| Cowen & Company | $19K | 8.40% |
C000135638 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Deutsche Bank AG | $2.3B | 100.00% |
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.