CAMFX Fees and Costs — Cambiar International Small Cap Fund, Institutional Class
Data updated: 2024-01-17
The net expense ratio is 1.03%: a 0.90% management fee plus 0.46% other expenses, less a 0.33% fee waiver. This share class carries a redemption fee of 2.00%. In fiscal 2023 the fund paid $30K in broker commissions, 0.1595% of average net assets, and portfolio turnover was 61%.
CAMFX Fees and Expenses
Annual operating expenses and sales charges of CAMFX. Prospectus, as of February 28, 2023.
| Annual operating expenses | |
|---|---|
| Management fee | 0.90% |
| 12b-1 fee | — |
| Other expenses | 0.46% |
| Gross expense ratio | 1.36% |
| Fee waiver | −0.33% |
| Net expense ratio | 1.03% |
| 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 |
CAMFX Costs Over Time
On $10,000 invested in CAMFX, assuming 5% a year before costs, total costs come to $741 over 5 years, cutting the return by 1.25% 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 1.03%) | $108 | $337 | $583 |
| Trading costs (broker commissions) | $17 | $52 | $90 |
| Lost growth on money paid in costs | $0 | $19 | $68 |
| Total costs | $125 | $408 | $741 |
| Value after costs | $10,375 | $11,168 | $12,022 |
| Impact on return, per year | 1.25% | 1.25% | 1.25% |
CAMFX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending October 31, 2023.
- Explicit cost rate (commissions ÷ average net assets): 0.1595%
- Total broker commissions: $30K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 61%
- Securities lending: none during the year
CAMFX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| JEFFERIES LLC | $23K | 76.91% |
| BARCLAYS CAPITAL | $3K | 9.01% |
| DAIWA SECURITIES | $1K | 3.95% |
| NOMURA SECURITIES | $652 | 2.16% |
| SANFORD C. BERNSTEIN | $637 | 2.11% |
| INSTINET | $608 | 2.01% |
| HSBC | $536 | 1.78% |
| BLACKBURN AND CO | $535 | 1.77% |
| JP MORGAN | $79 | 0.26% |
| GOLDMAN SACHS & CO | $9 | 0.03% |
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.