C000147322 Fees and Costs — JOHCM US Small Mid Cap Equity Fund, Class I
Data updated: 2019-12-09
The net expense ratio is 1.09%: a 0.85% management fee, a 0.10% 12b-1 fee plus 2.66% other expenses, less a 2.52% fee waiver. There are no sales loads or redemption fees. In fiscal 2019 the fund paid $3K in broker commissions, 0.0453% of average net assets, and portfolio turnover was 66%.
C000147322 Fees and Expenses
Annual operating expenses and sales charges of C000147322. Prospectus, as of January 31, 2019.
| Annual operating expenses | |
|---|---|
| Management fee | 0.85% |
| 12b-1 fee | 0.10% |
| Other expenses | 2.66% |
| Gross expense ratio | 3.61% |
| Fee waiver | −2.52% |
| Net expense ratio | 1.09% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| Max deferred load | 0.00% |
| Redemption fee | 0.00% |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | Yes |
C000147322 Costs Over Time
On $10,000 invested in C000147322, assuming 5% a year before costs, total costs come to $708 over 5 years, cutting the return by 1.19% 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 1.09%) | $114 | $357 | $618 |
| Trading costs (broker commissions) | $5 | $15 | $26 |
| Lost growth on money paid in costs | $0 | $18 | $65 |
| Total costs | $119 | $390 | $708 |
| Value after costs | $10,381 | $11,186 | $12,055 |
| Impact on return, per year | 1.19% | 1.19% | 1.19% |
C000147322 Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending September 30, 2019.
- Explicit cost rate (commissions ÷ average net assets): 0.0453%
- Total broker commissions: $3K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 66%
- Securities lending: none during the year
C000147322 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| RAYMOND JAMES & ASSOCIATES, INC. | $714 | 24.01% |
| WELLS FARGO SECURITIES, LLC | $519 | 17.45% |
| STIFEL, NICOLAUS & COMPANY, INCORPORATED | $421 | 14.18% |
| BARCLAYS CAPITAL SECURITIES LIMITED | $250 | 8.40% |
| WELLS FARGO CLEARING SERVICES, LLC | $247 | 8.32% |
| PERSHING LLC | $245 | 8.24% |
| JEFFERIES LLC | $188 | 6.32% |
| RBC Capital Markets, LLC | $142 | 4.79% |
| MERRILL LYNCH, PIERCE, FENNER & SMITH INCORPORATED | $135 | 4.53% |
| ROBERT W. BAIRD & CO. INCORPORATED | $112 | 3.77% |
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.