C000167587 Fees and Costs — Centerstone Investors Fund, Class I
Data updated: 2021-03-01
The net expense ratio is 1.17% (1.24% before fee waivers). This share class carries a redemption fee of 2.00%. In fiscal 2020 the fund paid $334K in broker commissions, 0.0840% of average net assets, and portfolio turnover was 50%.
C000167587 Fees and Expenses
Annual operating expenses and sales charges of C000167587. Prospectus, as of July 31, 2020.
| Annual operating expenses | |
|---|---|
| Management fee | 0.90% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.27% |
| Gross expense ratio | 1.24% |
| Fee waiver | −0.07% |
| Net expense ratio | 1.17% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| Max deferred load | 0.00% |
| 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 |
C000167587 Costs Over Time
On $10,000 invested in C000167587, assuming 5% a year before costs, total costs come to $780 over 5 years, cutting the return by 1.32% 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 1.17%) | $123 | $382 | $661 |
| Trading costs (broker commissions) | $9 | $27 | $47 |
| Lost growth on money paid in costs | $0 | $20 | $72 |
| Total costs | $132 | $430 | $780 |
| Value after costs | $10,368 | $11,146 | $11,982 |
| Impact on return, per year | 1.32% | 1.32% | 1.32% |
C000167587 Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending March 31, 2020.
- Explicit cost rate (commissions ÷ average net assets): 0.0840%
- Total broker commissions: $334K
- Bought from dealers (principal trades, not a cost): $63.7M
- Portfolio turnover (prospectus): 50%
- Securities on loan, average value: $4.4M
- Net income from securities lending: $9K (0.002% of average net assets)
C000167587 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| CLSA | $54K | 17.57% |
| CREDIT SUISSE | $41K | 13.23% |
| ODDO & CIE | $38K | 12.22% |
| BTIG LLC | $36K | 11.70% |
| ROYAL BANK OF CANADA CAPITAL MARKETS | $34K | 11.09% |
| AURIGA USA | $28K | 9.22% |
| HANDELSBANKEN | $25K | 8.23% |
| BERENBERG | $22K | 7.05% |
| DAIWA SECURITIES | $15K | 4.88% |
| REDBURN PARTNERS | $15K | 4.80% |
C000167587 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| BB&T CAPITAL MARKETS | $63.7M | 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.