C000167792 Fees and Costs — Neiman Opportunities Fund, Class A
Data updated: 2021-06-09
The net expense ratio is 1.47% (2.40% before fee waivers). This share class carries a maximum front-end sales load of 5.75%. In fiscal 2021 the fund paid $2K in broker commissions, 0.0212% of average net assets, and portfolio turnover was 99%.
C000167792 Fees and Expenses
Annual operating expenses and sales charges of C000167792. Prospectus, as of July 31, 2020.
| Annual operating expenses | |
|---|---|
| Management fee | 1.00% |
| 12b-1 fee | 0.25% |
| Other expenses | 1.13% |
| Gross expense ratio | 2.40% |
| Fee waiver | −0.93% |
| Net expense ratio | 1.47% |
| Sales charges | |
|---|---|
| Max front load | 5.75% |
| Max deferred load | 0.00% |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | No |
C000167792 Costs Over Time
On $10,000 invested in C000167792, assuming 5% a year before costs, total costs come to $1,604 over 5 years, cutting the return by 2.78% 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 1.47%) | $145 | $452 | $779 |
| Trading costs (broker commissions) | $2 | $7 | $11 |
| Lost growth on money paid in costs | $29 | $113 | $239 |
| Total costs | $751 | $1,146 | $1,604 |
| Value after costs | $9,749 | $10,430 | $11,158 |
| Impact on return, per year | 7.51% | 3.59% | 2.78% |
C000167792 Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending March 31, 2021.
- Explicit cost rate (commissions ÷ average net assets): 0.0212%
- Total broker commissions: $2K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 99%
- Securities lending: none during the year
C000167792 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| PRECISION SECURITIES, LLC | $2K | 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 Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date.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.