C000194216 Fees and Costs — Fiera Capital International Equity Fund, Investor Class
Data updated: 2023-08-02
The net expense ratio is 1.25% (1.55% before fee waivers). There are no sales loads or redemption fees. In fiscal 2023 the fund paid $44K in broker commissions, 0.0198% of average net assets, and portfolio turnover was 11%.
C000194216 Fees and Expenses
Annual operating expenses and sales charges of C000194216. Prospectus, as of July 31, 2023.
| Annual operating expenses | |
|---|---|
| Management fee | 0.80% |
| 12b-1 fee | 0.25% |
| Other expenses | — |
| Gross expense ratio | 1.55% |
| Fee waiver | −0.30% |
| Net expense ratio | 1.25% |
| 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 |
C000194216 Costs Over Time
On $10,000 invested in C000194216, assuming 5% a year before costs, total costs come to $790 over 5 years, cutting the return by 1.33% 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 1.25%) | $131 | $408 | $706 |
| Trading costs (broker commissions) | $2 | $6 | $11 |
| Lost growth on money paid in costs | $0 | $21 | $73 |
| Total costs | $133 | $435 | $790 |
| Value after costs | $10,367 | $11,141 | $11,973 |
| Impact on return, per year | 1.33% | 1.33% | 1.33% |
C000194216 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): 0.0198%
- Total broker commissions: $44K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 11%
- Securities lending: none during the year
C000194216 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| UBS SECURITIES LLC | $7K | 18.10% |
| SANFORD C. BERNSTEIN & CO., LLC | $7K | 17.75% |
| BANC OF AMERICA SECURITIES LLC | $5K | 12.16% |
| CREDIT SUISSE SECURITIES (USA) LLC | $4K | 11.00% |
| Mirabaud SEC | $4K | 9.18% |
| RBC CAPITAL MARKETS, LLC | $3K | 7.92% |
| MORGAN STANLEY | $3K | 7.40% |
| MIZUHO SECURITIES USA LLC | $3K | 6.46% |
| GOLDMAN SACHS & CO. LLC | $2K | 6.06% |
| LIQUIDNET, INC. | $2K | 3.97% |
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.