CAUKX Fees and Costs — U.S. Government Securities Fund, K Shares
Data updated: 2026-07-30
The net expense ratio is 1.26% (1.64% before fee waivers). There are no sales loads or redemption fees. Portfolio turnover was 52%.
CAUKX Fees and Expenses
Annual operating expenses and sales charges of CAUKX. Prospectus, as of December 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.50% |
| 12b-1 fee | 0.25% |
| Other expenses | — |
| Gross expense ratio | 1.64% |
| Fee waiver | −0.38% |
| Net expense ratio | 1.26% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | Yes |
CAUKX Costs Over Time
On $10,000 invested in CAUKX, assuming 5% a year before costs, total costs come to $784 over 5 years, cutting the return by 1.32% 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 | $412 | $712 |
| Lost growth on money paid in costs | $0 | $20 | $72 |
| Total costs | $132 | $432 | $784 |
| Value after costs | $10,368 | $11,144 | $11,979 |
| Impact on return, per year | 1.32% | 1.32% | 1.32% |
CAUKX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending August 31, 2025.
- Explicit cost rate (commissions ÷ average net assets): —
- Total broker commissions: —
- Bought from dealers (principal trades, not a cost): $16.9M
- Portfolio turnover (prospectus): 52%
- Securities lending: none during the year
CAUKX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| JPMORGAN CHASE | $7.8M | 45.98% |
| MORGAN STANLEY SMITH BARNEY | $6.2M | 36.85% |
| WELLS FARGO SECURITIES, LLC | $2.9M | 17.17% |
U.S. Government Securities Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| CAUSX | Investor Shares | 0.76% | — |
| CAUKX | K Shares | 1.26% | — |
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 Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date.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.