C000216567 Fees and Costs — Grandeur Peak US Stalwarts Fund, Institutional Class
Data updated: 2023-09-28
The net expense ratio is 0.90%: a 0.75% management fee plus 0.15% other expenses. This share class carries a redemption fee of 2.00%. In fiscal 2023 the fund paid $66K in broker commissions, 0.0592% of average net assets, and portfolio turnover was 56%.
C000216567 Fees and Expenses
Annual operating expenses and sales charges of C000216567. Prospectus, as of August 31, 2023.
| Annual operating expenses | |
|---|---|
| Management fee | 0.75% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.15% |
| Gross expense ratio | 0.90% |
| Fee waiver | — |
| Net expense ratio | 0.90% |
| 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 |
C000216567 Costs Over Time
On $10,000 invested in C000216567, assuming 5% a year before costs, total costs come to $600 over 5 years, cutting the return by 1.01% 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 0.90%) | $94 | $295 | $512 |
| Trading costs (broker commissions) | $6 | $19 | $34 |
| Lost growth on money paid in costs | $0 | $16 | $55 |
| Total costs | $101 | $330 | $600 |
| Value after costs | $10,399 | $11,246 | $12,162 |
| Impact on return, per year | 1.01% | 1.01% | 1.01% |
C000216567 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): 0.0592%
- Total broker commissions: $66K
- Bought from dealers (principal trades, not a cost): $41K
- Portfolio turnover (prospectus): 56%
- Securities lending: none during the year
C000216567 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| BLOOMBERG TRADEBOOK LLC | $24K | 40.16% |
| Morgan Stanley | $21K | 35.17% |
| WILLIAM BLAIR | $5K | 8.58% |
| STIFEL, NICOLAUS & COMPANY, INCORPORATED | $3K | 4.71% |
| LIQUIDNET, INC. | $2K | 3.30% |
| ACCESS SECURITIES, LLC | $1K | 2.28% |
| GOLDMAN SACHS & CO. LLC | $1K | 2.11% |
| D.A. DAVIDSON & CO. | $786 | 1.31% |
| STRATEGAS SECURITIES, LLC DBA STRATEGAS RESEARCH PARTNERS | $779 | 1.30% |
| AUERBACH GRAYSON & COMPANY LLC | $658 | 1.10% |
C000216567 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| WILLIAM BLAIR | $41K | 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.