C000192847 Fees and Costs — CCA Aggressive Return Fund, Institutional Class
Data updated: 2020-09-30
The net expense ratio is 1.09% (1.47% before fee waivers). This share class carries a redemption fee of 2.00%. In fiscal 2019 the fund paid $66K in broker commissions, 0.2080% of average net assets, and portfolio turnover was 474%.
C000192847 Fees and Expenses
Annual operating expenses and sales charges of C000192847. Prospectus, as of March 31, 2020.
| Annual operating expenses | |
|---|---|
| Management fee | 0.75% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.53% |
| Gross expense ratio | 1.47% |
| Fee waiver | −0.38% |
| Net expense ratio | 1.09% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| Max deferred load | 0.00% |
| Redemption fee | 2.00% |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | Yes |
C000192847 Costs Over Time
On $10,000 invested in C000192847, assuming 5% a year before costs, total costs come to $807 over 5 years, cutting the return by 1.36% 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 1.09%) | $114 | $356 | $615 |
| Trading costs (broker commissions) | $22 | $68 | $117 |
| Lost growth on money paid in costs | $0 | $21 | $74 |
| Total costs | $136 | $445 | $807 |
| Value after costs | $10,364 | $11,131 | $11,956 |
| Impact on return, per year | 1.36% | 1.36% | 1.36% |
C000192847 Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending November 30, 2019.
- Explicit cost rate (commissions ÷ average net assets): 0.2080%
- Total broker commissions: $66K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 474%
- Securities lending: none during the year
C000192847 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Virtu ITG, LLC | $39K | 59.04% |
| Virtu Americas, LLC | $27K | 40.96% |
| Cantor Fitzgerald & Co. | $0 | 0.00% |
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 Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date.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.