C000154924 Fees and Costs — Waycross Long/Short Equity Fund
Data updated: 2020-10-26
The net expense ratio is 2.71%: a 1.25% management fee plus 1.46% other expenses. There are no sales loads or redemption fees. In fiscal 2020 the fund paid $26K in broker commissions, 0.0525% of average net assets, and portfolio turnover was 37%.
C000154924 Fees and Expenses
Annual operating expenses and sales charges of C000154924. Prospectus, as of June 30, 2020.
| Annual operating expenses | |
|---|---|
| Management fee | 1.25% |
| 12b-1 fee | 0.00% |
| Other expenses | 1.46% |
| Gross expense ratio | 2.71% |
| Fee waiver | — |
| Net expense ratio | 2.71% |
| 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 |
C000154924 Costs Over Time
On $10,000 invested in C000154924, assuming 5% a year before costs, total costs come to $1,668 over 5 years, cutting the return by 2.90% 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 2.71%) | $285 | $872 | $1,484 |
| Trading costs (broker commissions) | $6 | $17 | $29 |
| Lost growth on money paid in costs | $0 | $45 | $156 |
| Total costs | $290 | $933 | $1,668 |
| Value after costs | $10,210 | $10,643 | $11,095 |
| Impact on return, per year | 2.90% | 2.90% | 2.90% |
C000154924 Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending February 29, 2020.
- Explicit cost rate (commissions ÷ average net assets): 0.0525%
- Total broker commissions: $26K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 37%
- Securities lending: none during the year
C000154924 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| STIFEL, NICOLAUS & CO., INC. | $10K | 37.65% |
| J.P. MORGAN SECURITIES LLC | $8K | 30.69% |
| UBS SECURITIES, INC. | $7K | 25.49% |
| Precision Securities, LLC | $2K | 6.17% |
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 Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date.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.