C000157629 Fees and Costs — Grandeur Peak Global Micro Cap Fund, Institutional Class
Data updated: 2023-09-28
The net expense ratio is 1.85%: a 1.50% management fee plus 0.35% other expenses. This share class carries a redemption fee of 2.00%. In fiscal 2023 the fund paid $33K in broker commissions, 0.0703% of average net assets, and portfolio turnover was 37%.
C000157629 Fees and Expenses
Annual operating expenses and sales charges of C000157629. Prospectus, as of August 31, 2023.
| Annual operating expenses | |
|---|---|
| Management fee | 1.50% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.35% |
| Gross expense ratio | 1.85% |
| Fee waiver | — |
| Net expense ratio | 1.85% |
| 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 | Yes |
C000157629 Costs Over Time
On $10,000 invested in C000157629, assuming 5% a year before costs, total costs come to $1,179 over 5 years, cutting the return by 2.02% 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 1.85%) | $194 | $600 | $1,031 |
| Trading costs (broker commissions) | $7 | $23 | $39 |
| Lost growth on money paid in costs | $0 | $31 | $109 |
| Total costs | $202 | $654 | $1,179 |
| Value after costs | $10,298 | $10,922 | $11,584 |
| Impact on return, per year | 2.02% | 2.02% | 2.02% |
C000157629 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): 0.0703%
- Total broker commissions: $33K
- Bought from dealers (principal trades, not a cost): $294K
- Portfolio turnover (prospectus): 37%
- Securities lending: none during the year
C000157629 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Morgan Stanley | $7K | 30.12% |
| LIQUIDNET, INC. | $3K | 12.48% |
| GOLDMAN SACHS & CO. LLC | $3K | 11.57% |
| BLOOMBERG TRADEBOOK LLC | $3K | 11.07% |
| MACQUARIE CAPITAL (USA) INC. | $2K | 10.77% |
| ACCESS SECURITIES, LLC | $2K | 6.58% |
| DAIWA CAPITAL MARKETS AMERICA INC. | $1K | 4.85% |
| WOOD (ARTHUR W.) COMPANY, INC. | $1K | 4.49% |
| NUMIS SECURITIES INC. | $1K | 4.39% |
| Concordia International Forwarding Pty Ltd | $848 | 3.68% |
C000157629 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| STIFEL, NICOLAUS & COMPANY, INCORPORATED | $228K | 77.79% |
| Cenkos Securities | $65K | 22.21% |
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.