CACTX Fees and Costs — Cornerstone Advisors Core Plus Bond Fund, Institutional Shares
Data updated: 2021-09-28
The net expense ratio is 0.60%: a 0.28% management fee plus 0.32% other expenses. There are no sales loads or redemption fees. In fiscal 2020 the fund paid $2K in broker commissions, 0.0005% of average net assets, and portfolio turnover was 188%.
CACTX Fees and Expenses
Annual operating expenses and sales charges of CACTX. Prospectus, as of February 28, 2021.
| Annual operating expenses | |
|---|---|
| Management fee | 0.28% |
| 12b-1 fee | — |
| Other expenses | 0.32% |
| Gross expense ratio | 0.60% |
| Fee waiver | — |
| Net expense ratio | 0.60% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | No |
| Fees waived or reduced during the year | No |
| Waived fees subject to recoupment | No |
CACTX Costs Over Time
On $10,000 invested in CACTX, assuming 5% a year before costs, total costs come to $379 over 5 years, cutting the return by 0.63% 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 0.60%) | $63 | $197 | $344 |
| Trading costs (broker commissions) | $0 | $0 | $0 |
| Lost growth on money paid in costs | $0 | $10 | $35 |
| Total costs | $63 | $207 | $379 |
| Value after costs | $10,437 | $11,369 | $12,384 |
| Impact on return, per year | 0.63% | 0.63% | 0.63% |
CACTX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending October 31, 2020.
- Explicit cost rate (commissions ÷ average net assets): 0.0005%
- Total broker commissions: $2K
- Bought from dealers (principal trades, not a cost): $1.4B
- Portfolio turnover (prospectus): 188%
- Securities lending: none during the year
CACTX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Citigroup | $1K | 60.85% |
| RJ O'Brien | $455 | 26.21% |
| Goldman Sachs | $83 | 4.80% |
| ADVANTAGE TRADING GROUP | $38 | 2.21% |
| ABN AMRO | $36 | 2.10% |
| Trean Group | $36 | 2.05% |
| ASTOR RIDGE | $31 | 1.79% |
CACTX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Citigroup | $234.7M | 19.94% |
| Credit Suisse | $173.5M | 14.74% |
| Goldman Sachs | $153.2M | 13.02% |
| JP Morgan | $133.1M | 11.31% |
| Nomura Securities | $100.0M | 8.50% |
| Morgan Stanley | $90.9M | 7.72% |
| Deutsche Bank | $87.9M | 7.47% |
| Bank of America | $80.7M | 6.86% |
| Barclays | $68.5M | 5.82% |
| Citadel Securities | $54.4M | 4.62% |
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.