C000186072 Fees and Costs — Nationwide Long/Short Equity Fund, Service Class
Data updated: 2020-09-23
The net expense ratio is 3.03%: a 1.35% management fee plus 2.24% 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%.
C000186072 Fees and Expenses
Annual operating expenses and sales charges of C000186072. Prospectus, as of February 29, 2020.
| Annual operating expenses | |
|---|---|
| Management fee | 1.35% |
| 12b-1 fee | 0.00% |
| Other expenses | 2.24% |
| Gross expense ratio | 3.59% |
| Fee waiver | −0.56% |
| Net expense ratio | 3.03% |
| 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 |
C000186072 Costs Over Time
On $10,000 invested in C000186072, assuming 5% a year before costs, total costs come to $1,834 over 5 years, cutting the return by 3.21% 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 3.03%) | $318 | $972 | $1,649 |
| Trading costs (broker commissions) | $3 | $8 | $14 |
| Lost growth on money paid in costs | $0 | $49 | $172 |
| Total costs | $321 | $1,029 | $1,834 |
| Value after costs | $10,179 | $10,547 | $10,929 |
| Impact on return, per year | 3.21% | 3.21% | 3.21% |
C000186072 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
C000186072 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% |
C000186072 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.