C000186071 Fees and Costs — Nationwide Long/Short Equity Fund, Class R6
Data updated: 2020-09-23
The net expense ratio is 2.93%: a 1.35% management fee plus 2.14% other expenses, less a 0.56% fee waiver. There are no sales loads or redemption fees. In fiscal 2019 the fund paid $6K in broker commissions, 0.0249% of average net assets, and portfolio turnover was 26%.
C000186071 Fees and Expenses
Annual operating expenses and sales charges of C000186071. Prospectus, as of February 29, 2020.
| Annual operating expenses | |
|---|---|
| Management fee | 1.35% |
| 12b-1 fee | 0.00% |
| Other expenses | 2.14% |
| Gross expense ratio | 3.49% |
| Fee waiver | −0.56% |
| Net expense ratio | 2.93% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| 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 |
C000186071 Costs Over Time
On $10,000 invested in C000186071, assuming 5% a year before costs, total costs come to $1,777 over 5 years, cutting the return by 3.10% 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 2.93%) | $308 | $941 | $1,598 |
| Trading costs (broker commissions) | $3 | $8 | $14 |
| Lost growth on money paid in costs | $0 | $48 | $166 |
| Total costs | $310 | $996 | $1,777 |
| Value after costs | $10,190 | $10,580 | $10,985 |
| Impact on return, per year | 3.10% | 3.10% | 3.10% |
C000186071 Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending October 31, 2019.
- Explicit cost rate (commissions ÷ average net assets): 0.0249%
- Total broker commissions: $6K
- Bought from dealers (principal trades, not a cost): $4.5M
- Portfolio turnover (prospectus): 26%
- Securities lending: none during the year
C000186071 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Incapital LLC | $3K | 58.78% |
| BANK OF NEW YORK MELLON CORP | $2K | 34.41% |
| INTERACTIVE BROKERS LLC | $216 | 3.82% |
| SOCIETE GENERALE S.A. | $135 | 2.39% |
| Cowen and Company | $34 | 0.60% |
C000186071 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| BANK OF NEW YORK MELLON CORP | $4.5M | 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.