C000214541 Fees and Costs — Grandeur Peak Global Contrarian Fund, Institutional Class
Data updated: 2023-09-28
The net expense ratio is 1.35%. This share class carries a redemption fee of 2.00%. In fiscal 2023 the fund paid $213K in broker commissions, 0.2099% of average net assets, and portfolio turnover was 81%.
C000214541 Fees and Expenses
Annual operating expenses and sales charges of C000214541. Prospectus, as of August 31, 2023.
| Annual operating expenses | |
|---|---|
| Management fee | 1.00% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.23% |
| Gross expense ratio | 1.35% |
| Fee waiver | — |
| Net expense ratio | 1.35% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| 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 |
C000214541 Costs Over Time
On $10,000 invested in C000214541, assuming 5% a year before costs, total costs come to $965 over 5 years, cutting the return by 1.64% 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 1.35%) | $142 | $440 | $758 |
| Trading costs (broker commissions) | $22 | $68 | $118 |
| Lost growth on money paid in costs | $0 | $25 | $89 |
| Total costs | $164 | $533 | $965 |
| Value after costs | $10,336 | $11,043 | $11,798 |
| Impact on return, per year | 1.64% | 1.64% | 1.64% |
C000214541 Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending April 30, 2023.
- Explicit cost rate (commissions ÷ average net assets): 0.2099%
- Total broker commissions: $213K
- Bought from dealers (principal trades, not a cost): $140K
- Portfolio turnover (prospectus): 81%
- Securities lending: none during the year
C000214541 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Morgan Stanley | $44K | 29.48% |
| GOLDMAN SACHS & CO. LLC | $21K | 14.25% |
| LIQUIDNET, INC. | $17K | 11.39% |
| BLOOMBERG TRADEBOOK LLC | $15K | 9.91% |
| STIFEL, NICOLAUS & COMPANY, INCORPORATED | $14K | 9.53% |
| WILLIAM BLAIR | $11K | 7.29% |
| JONESTRADING | $9K | 6.08% |
| Concordia International Forwarding Pty Ltd | $6K | 4.32% |
| UBS SECURITIES LLC | $6K | 4.08% |
| CREDIT SUISSE SECURITIES (USA) LLC | $5K | 3.66% |
C000214541 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Cenkos Securities | $140K | 100.00% |
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.