C000204812 Fees and Costs — iM Dolan McEniry Corporate Bond Fund, Advisor Shares
Data updated: 2021-08-23
The net expense ratio is 1.06% (1.79% before fee waivers). There are no sales loads or redemption fees. Portfolio turnover was 40%.
C000204812 Fees and Expenses
Annual operating expenses and sales charges of C000204812. Prospectus, as of April 30, 2021.
| Annual operating expenses | |
|---|---|
| Management fee | 0.50% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.94% |
| Gross expense ratio | 1.79% |
| Fee waiver | −0.73% |
| Net expense ratio | 1.06% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | No |
| Fees waived or reduced during the year | No |
| Waived fees subject to recoupment | No |
C000204812 Costs Over Time
On $10,000 invested in C000204812, assuming 5% a year before costs, total costs come to $662 over 5 years, cutting the return by 1.11% 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 1.06%) | $111 | $347 | $601 |
| Lost growth on money paid in costs | $0 | $17 | $61 |
| Total costs | $111 | $364 | $662 |
| Value after costs | $10,389 | $11,212 | $12,101 |
| Impact on return, per year | 1.11% | 1.11% | 1.11% |
C000204812 Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending December 31, 2020.
- Explicit cost rate (commissions ÷ average net assets): —
- Total broker commissions: —
- Bought from dealers (principal trades, not a cost): $61.1M
- Portfolio turnover (prospectus): 40%
- Securities lending: none during the year
C000204812 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| MarketAxess Corp. | $15.5M | 30.33% |
| Citigroup Global Markets Inc. | $9.0M | 17.56% |
| J.P. Morgan Securities LLC | $4.8M | 9.34% |
| Morgan Stanley & Co., Inc. | $4.4M | 8.55% |
| Jefferies & Company, Inc. | $3.4M | 6.61% |
| Goldman Sachs & Co. LLC | $3.4M | 6.58% |
| Barclay Investments LLC | $3.2M | 6.33% |
| Sumridge Partners LLC | $2.8M | 5.41% |
| Wells Fargo Securities LLC | $2.5M | 4.83% |
| BOFA Securities, Inc. | $2.3M | 4.46% |
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.