C000225287 Fees and Costs — Centerstone International Fund, Class I
Data updated: 2025-02-28
The net expense ratio is 1.26% (2.92% before fee waivers). There are no sales loads or redemption fees. In fiscal 2024 the fund paid $6K in broker commissions, 0.0468% of average net assets, and portfolio turnover was 20%.
C000225287 Fees and Expenses
Annual operating expenses and sales charges of C000225287. Prospectus, as of July 31, 2024.
| Annual operating expenses | |
|---|---|
| Management fee | 0.90% |
| 12b-1 fee | — |
| Other expenses | 1.86% |
| Gross expense ratio | 2.92% |
| Fee waiver | −1.66% |
| Net expense ratio | 1.26% |
| 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 | Yes |
| Waived fees subject to recoupment | Yes |
C000225287 Costs Over Time
On $10,000 invested in C000225287, assuming 5% a year before costs, total costs come to $812 over 5 years, cutting the return by 1.37% 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 1.26%) | $132 | $411 | $711 |
| Trading costs (broker commissions) | $5 | $15 | $26 |
| Lost growth on money paid in costs | $0 | $21 | $75 |
| Total costs | $137 | $448 | $812 |
| Value after costs | $10,363 | $11,128 | $11,950 |
| Impact on return, per year | 1.37% | 1.37% | 1.37% |
C000225287 Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending March 31, 2024.
- Explicit cost rate (commissions ÷ average net assets): 0.0468%
- Total broker commissions: $6K
- Bought from dealers (principal trades, not a cost): $3.3M
- Portfolio turnover (prospectus): 20%
- Securities on loan, average value: $1.1M
- Net income from securities lending: $4K (0.030% of average net assets)
C000225287 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| LOOP CAPITAL | $4K | 65.95% |
| JEFFERIES | $2K | 24.77% |
| REDBURN PARTNERS | $351 | 5.61% |
| BTIG LLC | $120 | 1.92% |
| ROYAL BANK OF CANADA CAPITAL MARKETS | $110 | 1.75% |
C000225287 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| STATE STREET GLOBAL ADVISORS FUNDS DISTRIBUTORS LLC | $3.2M | 96.31% |
| LOOP CAPITAL | $123K | 3.69% |
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.