C000178748 Fees and Costs — Fiera Capital Global Equity Fund, Investor Class
Data updated: 2023-08-02
The net expense ratio is 1.15%: a 0.80% management fee, a 0.25% 12b-1 fee plus 1.21% other expenses, less a 1.11% fee waiver. There are no sales loads or redemption fees. In fiscal 2023 the fund paid $3K in broker commissions, 0.0121% of average net assets, and portfolio turnover was 11%.
C000178748 Fees and Expenses
Annual operating expenses and sales charges of C000178748. Prospectus, as of July 31, 2023.
| Annual operating expenses | |
|---|---|
| Management fee | 0.80% |
| 12b-1 fee | 0.25% |
| Other expenses | 1.21% |
| Gross expense ratio | 2.26% |
| Fee waiver | −1.11% |
| Net expense ratio | 1.15% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| 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 | Yes |
C000178748 Costs Over Time
On $10,000 invested in C000178748, assuming 5% a year before costs, total costs come to $725 over 5 years, cutting the return by 1.22% 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 1.15%) | $121 | $376 | $651 |
| Trading costs (broker commissions) | $1 | $4 | $7 |
| Lost growth on money paid in costs | $0 | $19 | $67 |
| Total costs | $122 | $399 | $725 |
| Value after costs | $10,378 | $11,177 | $12,038 |
| Impact on return, per year | 1.22% | 1.22% | 1.22% |
C000178748 Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending March 31, 2023.
- Explicit cost rate (commissions ÷ average net assets): 0.0121%
- Total broker commissions: $3K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 11%
- Securities lending: none during the year
C000178748 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| SANFORD C. BERNSTEIN & CO., LLC | $644 | 22.42% |
| RBC CAPITAL MARKETS, LLC | $504 | 17.55% |
| GOLDMAN SACHS & CO. LLC | $402 | 14.00% |
| BMO CAPITAL MARKETS CORP. | $237 | 8.25% |
| UBS SECURITIES LLC | $201 | 7.00% |
| ITG INC. | $193 | 6.72% |
| RAYMOND JAMES (USA) LTD. | $189 | 6.58% |
| LIQUIDNET, INC. | $183 | 6.37% |
| BANC OF AMERICA SECURITIES LLC | $163 | 5.68% |
| Mirabaud SEC | $156 | 5.43% |
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.