C000194404 Fees and Costs — Fiera Capital Small/mid-Cap Growth Fund, Institutional Class
Data updated: 2023-08-02
The net expense ratio is 1.05%: a 0.90% management fee plus 0.25% other expenses, less a 0.10% fee waiver. There are no sales loads or redemption fees. In fiscal 2023 the fund paid $86K in broker commissions, 0.0999% of average net assets, and portfolio turnover was 24%.
C000194404 Fees and Expenses
Annual operating expenses and sales charges of C000194404. Prospectus, as of July 31, 2022.
| Annual operating expenses | |
|---|---|
| Management fee | 0.90% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.25% |
| Gross expense ratio | 1.15% |
| Fee waiver | −0.10% |
| Net expense ratio | 1.05% |
| 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 |
C000194404 Costs Over Time
On $10,000 invested in C000194404, assuming 5% a year before costs, total costs come to $717 over 5 years, cutting the return by 1.21% 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 1.05%) | $110 | $343 | $595 |
| Trading costs (broker commissions) | $10 | $33 | $57 |
| Lost growth on money paid in costs | $0 | $19 | $66 |
| Total costs | $121 | $395 | $717 |
| Value after costs | $10,379 | $11,181 | $12,046 |
| Impact on return, per year | 1.21% | 1.21% | 1.21% |
C000194404 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): 0.0999%
- Total broker commissions: $86K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 24%
- Securities lending: none during the year
C000194404 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| BARCLAYS CAPITAL INC. | $23K | 26.68% |
| INSTINET, LLC | $19K | 22.17% |
| COWEN AND COMPANY, LLC | $15K | 18.01% |
| LOOP CAPITAL MARKETS LLC | $9K | 10.91% |
| WILLIAM BLAIR | $5K | 6.19% |
| MORGAN STANLEY | $5K | 6.11% |
| ROBERT W. BAIRD & CO. INCORPORATED | $4K | 4.68% |
| Stephens Investment Management Group Llc | $3K | 3.85% |
| MISCHLER FINANCIAL G | $1K | 1.39% |
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.