C000157626 Fees and Costs — Grandeur Peak International Stalwarts Fund, Investor Class
Data updated: 2023-09-28
The net expense ratio is 1.15%: a 0.80% management fee, a 0.25% 12b-1 fee plus 0.10% other expenses. This share class carries a redemption fee of 2.00%. In fiscal 2023 the fund paid $900K in broker commissions, 0.0574% of average net assets, and portfolio turnover was 32%.
C000157626 Fees and Expenses
Annual operating expenses and sales charges of C000157626. Prospectus, as of August 31, 2023.
| Annual operating expenses | |
|---|---|
| Management fee | 0.80% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.10% |
| Gross expense ratio | 1.15% |
| Fee waiver | — |
| Net expense ratio | 1.15% |
| 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 | No |
| Waived fees subject to recoupment | Yes |
C000157626 Costs Over Time
On $10,000 invested in C000157626, assuming 5% a year before costs, total costs come to $752 over 5 years, cutting the return by 1.27% 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 1.15%) | $121 | $376 | $651 |
| Trading costs (broker commissions) | $6 | $19 | $32 |
| Lost growth on money paid in costs | $0 | $20 | $69 |
| Total costs | $127 | $414 | $752 |
| Value after costs | $10,373 | $11,162 | $12,011 |
| Impact on return, per year | 1.27% | 1.27% | 1.27% |
C000157626 Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending April 30, 2023.
- Explicit cost rate (commissions ÷ average net assets): 0.0574%
- Total broker commissions: $900K
- Bought from dealers (principal trades, not a cost): $1.5M
- Portfolio turnover (prospectus): 32%
- Securities lending: none during the year
C000157626 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Morgan Stanley | $131K | 22.02% |
| LIQUIDNET, INC. | $92K | 15.44% |
| GOLDMAN SACHS & CO. LLC | $69K | 11.60% |
| INVESTEC SECURITIES (US) LLC | $56K | 9.35% |
| MACQUARIE CAPITAL (USA) INC. | $53K | 8.99% |
| UOB KAY HIAN (U.S.) INC. | $47K | 7.99% |
| ITAU INTERNATIONAL SECURITIES INC. | $41K | 6.92% |
| NUMIS SECURITIES INC. | $41K | 6.89% |
| JEFFERIES LLC | $37K | 6.22% |
| AUERBACH GRAYSON & COMPANY LLC | $27K | 4.59% |
C000157626 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| NUMIS SECURITIES INC. | $1.5M | 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.