C000222730 Fees and Costs — Causeway Concentrated Equity Fund, Institutional Class
Data updated: 2023-12-14
The net expense ratio is 0.85%: a 0.80% management fee plus 2.29% other expenses, less a 2.24% fee waiver. There are no sales loads or redemption fees. In fiscal 2023 the fund paid $3K in broker commissions, 0.0558% of average net assets, and portfolio turnover was 62%.
C000222730 Fees and Expenses
Annual operating expenses and sales charges of C000222730. Prospectus, as of January 31, 2023.
| Annual operating expenses | |
|---|---|
| Management fee | 0.80% |
| 12b-1 fee | — |
| Other expenses | 2.29% |
| Gross expense ratio | 3.09% |
| Fee waiver | −2.24% |
| Net expense ratio | 0.85% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | No |
C000222730 Costs Over Time
On $10,000 invested in C000222730, assuming 5% a year before costs, total costs come to $568 over 5 years, cutting the return by 0.95% 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 0.85%) | $89 | $279 | $484 |
| Trading costs (broker commissions) | $6 | $18 | $32 |
| Lost growth on money paid in costs | $0 | $15 | $52 |
| Total costs | $95 | $312 | $568 |
| Value after costs | $10,405 | $11,265 | $12,195 |
| Impact on return, per year | 0.95% | 0.95% | 0.95% |
C000222730 Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending September 30, 2023.
- Explicit cost rate (commissions ÷ average net assets): 0.0558%
- Total broker commissions: $3K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 62%
- Securities lending: none during the year
C000222730 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Bank of America | $1K | 46.93% |
| Macquarie Capital (USA) Inc. | $667 | 25.63% |
| Nomura | $240 | 9.22% |
| Citigroup Global Markets Inc. | $234 | 8.99% |
| Stanford Group | $60 | 2.31% |
| JP Morgan | $56 | 2.15% |
| Goldman Sachs | $37 | 1.42% |
| Morgan Stanley | $33 | 1.27% |
| Instinet | $28 | 1.08% |
| Guggenheim Securities, LLC | $26 | 1.00% |
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.