C000214480 Fees and Costs — Fiera Capital U.s. Equity Long-Term Quality Fund, Institutional Class
Data updated: 2023-08-02
The net expense ratio is 0.75%: a 0.55% management fee plus 0.41% other expenses, less a 0.21% fee waiver. There are no sales loads or redemption fees. In fiscal 2023 the fund paid $3K in broker commissions, 0.0030% of average net assets, and portfolio turnover was 6%.
C000214480 Fees and Expenses
Annual operating expenses and sales charges of C000214480. Prospectus, as of July 31, 2023.
| Annual operating expenses | |
|---|---|
| Management fee | 0.55% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.41% |
| Gross expense ratio | 0.96% |
| Fee waiver | −0.21% |
| Net expense ratio | 0.75% |
| 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 |
C000214480 Costs Over Time
On $10,000 invested in C000214480, assuming 5% a year before costs, total costs come to $473 over 5 years, cutting the return by 0.79% 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 0.75%) | $79 | $246 | $428 |
| Trading costs (broker commissions) | $0 | $1 | $2 |
| Lost growth on money paid in costs | $0 | $12 | $43 |
| Total costs | $79 | $260 | $473 |
| Value after costs | $10,421 | $11,317 | $12,289 |
| Impact on return, per year | 0.79% | 0.79% | 0.79% |
C000214480 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): 0.0030%
- Total broker commissions: $3K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 6%
- Securities lending: none during the year
C000214480 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| RAYMOND JAMES (USA) LTD. | $807 | 31.01% |
| BMO CAPITAL MARKETS CORP. | $493 | 18.95% |
| UBS SECURITIES LLC | $423 | 16.26% |
| REDBURN | $383 | 14.72% |
| BANC OF AMERICA SECURITIES LLC | $149 | 5.73% |
| CREDIT SUISSE SECURITIES (USA) LLC | $140 | 5.38% |
| J.P. MORGAN SECURITIES LLC | $60 | 2.31% |
| ITG INC. | $59 | 2.27% |
| RBC CAPITAL MARKETS, LLC | $50 | 1.92% |
| MORGAN STANLEY | $38 | 1.46% |
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.