C000162254 Fees and Costs — FormulaFolios US Equity Portfolio, Class 1
Data updated: 2020-05-26
The net expense ratio is 2.15% (60.75% before fee waivers). There are no sales loads or redemption fees. In fiscal 2019 the fund paid $167 in broker commissions, 0.0872% of average net assets, and portfolio turnover was 542%.
C000162254 Fees and Expenses
Annual operating expenses and sales charges of C000162254. Prospectus, as of April 30, 2020.
| Annual operating expenses | |
|---|---|
| Management fee | 0.87% |
| 12b-1 fee | 1.00% |
| Other expenses | 58.86% |
| Gross expense ratio | 60.75% |
| Fee waiver | −58.61% |
| Net expense ratio | 2.15% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | Yes |
C000162254 Costs Over Time
On $10,000 invested in C000162254, assuming 5% a year before costs, total costs come to $1,365 over 5 years, cutting the return by 2.35% 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 2.15%) | $226 | $695 | $1,190 |
| Trading costs (broker commissions) | $9 | $28 | $48 |
| Lost growth on money paid in costs | $0 | $36 | $127 |
| Total costs | $235 | $760 | $1,365 |
| Value after costs | $10,265 | $10,817 | $11,398 |
| Impact on return, per year | 2.35% | 2.35% | 2.35% |
C000162254 Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending December 31, 2019.
- Explicit cost rate (commissions ÷ average net assets): 0.0872%
- Total broker commissions: $167
- Bought from dealers (principal trades, not a cost): $1.9M
- Portfolio turnover (prospectus): 542%
- Securities lending: none during the year
C000162254 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Fidelity Capital Markets, Inc | $160 | 95.81% |
| US Bancorp | $7 | 4.19% |
| Union Bank | $0 | 0.00% |
C000162254 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Fidelity Capital Markets, Inc | $1.8M | 95.06% |
| US Bancorp | $92K | 4.94% |
| Union Bank | $75 | 0.00% |
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.