C000188162 Fees and Costs — Chartwell Short Duration High Yield Fund
Data updated: 2022-08-29
The net expense ratio is 0.49%: a 0.40% management fee plus 0.18% other expenses, less a 0.09% fee waiver. There are no sales loads or redemption fees. Portfolio turnover was 54%.
C000188162 Fees and Expenses
Annual operating expenses and sales charges of C000188162. Prospectus, as of April 30, 2022.
| Annual operating expenses | |
|---|---|
| Management fee | 0.40% |
| 12b-1 fee | — |
| Other expenses | 0.18% |
| Gross expense ratio | 0.58% |
| Fee waiver | −0.09% |
| Net expense ratio | 0.49% |
| 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 |
C000188162 Costs Over Time
On $10,000 invested in C000188162, assuming 5% a year before costs, total costs come to $310 over 5 years, cutting the return by 0.51% 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 0.49%) | $51 | $161 | $281 |
| Lost growth on money paid in costs | $0 | $8 | $28 |
| Total costs | $51 | $169 | $310 |
| Value after costs | $10,449 | $11,407 | $12,453 |
| Impact on return, per year | 0.51% | 0.51% | 0.51% |
C000188162 Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending December 31, 2021.
- Explicit cost rate (commissions ÷ average net assets): —
- Total broker commissions: —
- Bought from dealers (principal trades, not a cost): $168.1M
- Portfolio turnover (prospectus): 54%
- Securities lending: none during the year
C000188162 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| CITIGROUP GLOBAL MARKETS, INC. | $29.7M | 22.81% |
| GOLDMAN, SACHS & CO. | $22.5M | 17.22% |
| BOFA SECURITIES, INC. | $14.0M | 10.75% |
| BARCLAYS CAPITAL, INC. | $12.6M | 9.64% |
| JANE STREET EXECUTION SERVICES, LLC | $12.4M | 9.51% |
| MARKETAXESS HOLDINGS, INC. | $12.1M | 9.26% |
| J.P. MORGAN SECURITIES LLC | $11.0M | 8.42% |
| MORGAN STANLEY & CO., LLC | $5.5M | 4.23% |
| WELLS FARGO SECURITIES, LLC | $5.5M | 4.19% |
| JEFFERIES LLC | $5.2M | 3.99% |
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.