C000138364 Fees and Costs — Oberweis International Opportunities Institutional Fund
Data updated: 2023-12-22
The net expense ratio is 1.10%: a 1.00% management fee plus 0.24% other expenses, less a 0.14% fee waiver. This share class carries a redemption fee of 2.00%. In fiscal 2022 the fund paid $1.4M in broker commissions, 0.2109% of average net assets, and portfolio turnover was 74%.
C000138364 Fees and Expenses
Annual operating expenses and sales charges of C000138364. Prospectus, as of December 31, 2023.
| Annual operating expenses | |
|---|---|
| Management fee | 1.00% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.24% |
| Gross expense ratio | 1.24% |
| Fee waiver | −0.14% |
| Net expense ratio | 1.10% |
| 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 | No |
C000138364 Costs Over Time
On $10,000 invested in C000138364, assuming 5% a year before costs, total costs come to $815 over 5 years, cutting the return by 1.38% 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 1.10%) | $116 | $359 | $621 |
| Trading costs (broker commissions) | $22 | $69 | $119 |
| Lost growth on money paid in costs | $0 | $21 | $75 |
| Total costs | $138 | $449 | $815 |
| Value after costs | $10,362 | $11,127 | $11,948 |
| Impact on return, per year | 1.38% | 1.38% | 1.38% |
C000138364 Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending December 31, 2022.
- Explicit cost rate (commissions ÷ average net assets): 0.2109%
- Total broker commissions: $1.4M
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 74%
- Securities lending: none during the year
C000138364 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Liquidnet, Inc. | $335K | 33.46% |
| JP Morgan Securities, Inc | $229K | 22.87% |
| Daiwa Capital Markets America, Inc. | $89K | 8.92% |
| Merrill Lynch Capital Markets | $68K | 6.83% |
| SMBC Nikko Securities, Inc. | $67K | 6.74% |
| Carnegie, Inc. | $49K | 4.90% |
| Berenberg Capital Market LLC | $44K | 4.37% |
| Macquarie Capital (USA), Inc. | $42K | 4.20% |
| Mitsubishi | $40K | 3.99% |
| Barclays Capital LE | $37K | 3.71% |
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.