C000222387 Fees and Costs — Kensington Dynamic Growth Fund, Institutional Class
Data updated: 2022-05-24
The net expense ratio is 1.58%. There are no sales loads or redemption fees. In fiscal 2021 the fund paid $172K in broker commissions, 0.0758% of average net assets, and portfolio turnover was 786%.
C000222387 Fees and Expenses
Annual operating expenses and sales charges of C000222387. Prospectus, as of April 30, 2022.
| Annual operating expenses | |
|---|---|
| Management fee | 1.25% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.20% |
| Gross expense ratio | 1.58% |
| Fee waiver | — |
| Net expense ratio | 1.58% |
| 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 | No |
| Waived fees subject to recoupment | No |
C000222387 Costs Over Time
On $10,000 invested in C000222387, assuming 5% a year before costs, total costs come to $1,022 over 5 years, cutting the return by 1.74% 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 1.58%) | $166 | $514 | $885 |
| Trading costs (broker commissions) | $8 | $25 | $42 |
| Lost growth on money paid in costs | $0 | $27 | $94 |
| Total costs | $174 | $566 | $1,022 |
| Value after costs | $10,326 | $11,011 | $11,741 |
| Impact on return, per year | 1.74% | 1.74% | 1.74% |
C000222387 Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending December 31, 2021.
- Explicit cost rate (commissions ÷ average net assets): 0.0758%
- Total broker commissions: $172K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 786%
- Securities lending: none during the year
C000222387 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Ceros Finacial Services, Inc. | $172K | 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 Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date.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.