C000237929 Fees and Costs — Osterweis Sustainable Credit Fund, Investor Class
Data updated: 2024-06-13
The net expense ratio is 0.99%: a 0.75% management fee plus 2.25% other expenses, less a 2.01% fee waiver. There are no sales loads or redemption fees. Portfolio turnover was 37%.
C000237929 Fees and Expenses
Annual operating expenses and sales charges of C000237929. Prospectus, as of June 30, 2023.
| Annual operating expenses | |
|---|---|
| Management fee | 0.75% |
| 12b-1 fee | 0.00% |
| Other expenses | 2.25% |
| Gross expense ratio | 3.00% |
| Fee waiver | −2.01% |
| Net expense ratio | 0.99% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | No |
| Waived fees subject to recoupment | No |
C000237929 Costs Over Time
On $10,000 invested in C000237929, assuming 5% a year before costs, total costs come to $619 over 5 years, cutting the return by 1.04% 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 0.99%) | $104 | $324 | $563 |
| Lost growth on money paid in costs | $0 | $16 | $57 |
| Total costs | $104 | $340 | $619 |
| Value after costs | $10,396 | $11,236 | $12,143 |
| Impact on return, per year | 1.04% | 1.04% | 1.04% |
C000237929 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): —
- Total broker commissions: —
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 37%
- Securities lending: none during the year
C000237929 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| J.P. MORGAN SECURITIES LLC | $653K | 23.63% |
| RBC CAPITAL MARKETS, LLC | $387K | 14.00% |
| WELLS FARGO SECURITIES, LLC | $377K | 13.66% |
| MERRILL LYNCH PROFESSIONAL CLEARING CORP. | $344K | 12.46% |
| PERSHING LLC | $188K | 6.80% |
| OPPENHEIMER & CO. INC. | $178K | 6.45% |
| BNY MELLON CAPITAL MARKETS, LLC | $165K | 5.97% |
| STIFEL, NICOLAUS & COMPANY, INCORPORATED | $162K | 5.88% |
| ROBERT W. BAIRD & CO. INCORPORATED | $158K | 5.74% |
| JEFFERIES LLC | $150K | 5.41% |
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.