C000242701 Fees and Costs — Rondure New World Fund, Investor Class
Data updated: 2024-09-26
The net expense ratio is 1.35%: a 0.85% management fee, a 0.25% 12b-1 fee plus 0.45% other expenses, less a 0.20% fee waiver. This share class carries a redemption fee of 2.00%. In fiscal 2024 the fund paid $252K in broker commissions, 0.1424% of average net assets, and portfolio turnover was 46%.
C000242701 Fees and Expenses
Annual operating expenses and sales charges of C000242701. Prospectus, as of August 31, 2024.
| Annual operating expenses | |
|---|---|
| Management fee | 0.85% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.45% |
| Gross expense ratio | 1.55% |
| Fee waiver | −0.20% |
| Net expense ratio | 1.35% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | 2.00% |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | Yes |
C000242701 Costs Over Time
On $10,000 invested in C000242701, assuming 5% a year before costs, total costs come to $924 over 5 years, cutting the return by 1.57% 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 1.35%) | $142 | $440 | $759 |
| Trading costs (broker commissions) | $15 | $46 | $80 |
| Lost growth on money paid in costs | $0 | $24 | $85 |
| Total costs | $157 | $511 | $924 |
| Value after costs | $10,343 | $11,066 | $11,838 |
| Impact on return, per year | 1.57% | 1.57% | 1.57% |
C000242701 Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending April 30, 2024.
- Explicit cost rate (commissions ÷ average net assets): 0.1424%
- Total broker commissions: $252K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 46%
- Securities lending: none during the year
C000242701 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| CLSA | $116K | 45.94% |
| AAUERBACH GRAYSON | $30K | 11.98% |
| UOB KAY HIAN (HONG KONG) LIMITED | $22K | 8.89% |
| ITAU BBA USA SECURITIES, INC. | $22K | 8.79% |
| GOLDMAN, SACHS & CO. | $18K | 7.01% |
| DECKER | $12K | 4.64% |
| MORGAN STANLEY & CO., LLC | $9K | 3.71% |
| DAIWA CAPITAL MARKETS AMERICA, INC. | $8K | 3.37% |
| HSC - HO CHI MINH | $7K | 2.91% |
| EFG HERMES | $7K | 2.76% |
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.