C000223916 Fees and Costs — Ziegler FAMCO Hedged Equity Fund, Institutional Class
Data updated: 2023-12-14
The net expense ratio is 0.70%: a 0.60% management fee plus 0.73% other expenses, less a 0.63% fee waiver. There are no sales loads or redemption fees. In fiscal 2023 the fund paid $23K in broker commissions, 0.0712% of average net assets, and portfolio turnover was 77%.
C000223916 Fees and Expenses
Annual operating expenses and sales charges of C000223916. Prospectus, as of January 31, 2023.
| Annual operating expenses | |
|---|---|
| Management fee | 0.60% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.73% |
| Gross expense ratio | 1.33% |
| Fee waiver | −0.63% |
| Net expense ratio | 0.70% |
| 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 | Yes |
C000223916 Costs Over Time
On $10,000 invested in C000223916, assuming 5% a year before costs, total costs come to $485 over 5 years, cutting the return by 0.81% 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 0.70%) | $74 | $230 | $400 |
| Trading costs (broker commissions) | $7 | $23 | $41 |
| Lost growth on money paid in costs | $0 | $13 | $44 |
| Total costs | $81 | $266 | $485 |
| Value after costs | $10,419 | $11,310 | $12,278 |
| Impact on return, per year | 0.81% | 0.81% | 0.81% |
C000223916 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): 0.0712%
- Total broker commissions: $23K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 77%
- Securities lending: none during the year
C000223916 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| RBC CAPITAL MARKETS LLC | $9K | 41.39% |
| MORGAN STANLEY & CO. LLC | $7K | 30.32% |
| J.P. MORGAN SECURITIES LLC | $6K | 28.29% |
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 Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date.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.