C000158907 Fees and Costs — Leland Thomson Reuters Venture Capital Index Fund, Class A
Data updated: 2020-12-14
The net expense ratio is 1.76%: a 1.25% management fee, a 0.25% 12b-1 fee plus 0.56% other expenses, less a 0.31% fee waiver. This share class carries a maximum front-end sales load of 5.75% and a redemption fee of 1.00%. In fiscal 2020 the fund paid $40K in broker commissions, 0.0235% of average net assets, and portfolio turnover was 115%.
C000158907 Fees and Expenses
Annual operating expenses and sales charges of C000158907. Prospectus, as of February 29, 2020.
| Annual operating expenses | |
|---|---|
| Management fee | 1.25% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.56% |
| Gross expense ratio | 2.07% |
| Fee waiver | −0.31% |
| Net expense ratio | 1.76% |
| Sales charges | |
|---|---|
| Max front load | 5.75% |
| Max deferred load | 0.00% |
| Redemption fee | 1.00% |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | Yes |
C000158907 Costs Over Time
On $10,000 invested in C000158907, assuming 5% a year before costs, total costs come to $1,769 over 5 years, cutting the return by 3.09% 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 |
| Sales charges | $575 | $575 | $575 |
| Fund expenses (net expense ratio 1.76%) | $174 | $539 | $927 |
| Trading costs (broker commissions) | $2 | $7 | $12 |
| Lost growth on money paid in costs | $29 | $118 | $255 |
| Total costs | $780 | $1,239 | $1,769 |
| Value after costs | $9,720 | $10,337 | $10,994 |
| Impact on return, per year | 7.80% | 3.89% | 3.09% |
C000158907 Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending September 30, 2020.
- Explicit cost rate (commissions ÷ average net assets): 0.0235%
- Total broker commissions: $40K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 115%
- Securities lending: none during the year
C000158907 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Wolverine Trading LLC | $40K | 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 Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date.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.