CBLFX Fees and Costs — Cornercap Balanced Fund, Investor Shares
Data updated: 2021-06-10
The net expense ratio is 1.01%: a 0.90% management fee plus 0.30% other expenses, less a 0.20% fee waiver. There are no sales loads or redemption fees. In fiscal 2021 the fund paid $13K in broker commissions, 0.0550% of average net assets, and portfolio turnover was 62%.
CBLFX Fees and Expenses
Annual operating expenses and sales charges of CBLFX. Prospectus, as of July 31, 2020.
| Annual operating expenses | |
|---|---|
| Management fee | 0.90% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.30% |
| Gross expense ratio | 1.21% |
| Fee waiver | −0.20% |
| Net expense ratio | 1.01% |
| 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 | No |
CBLFX Costs Over Time
On $10,000 invested in CBLFX, assuming 5% a year before costs, total costs come to $665 over 5 years, cutting the return by 1.12% 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 1.01%) | $106 | $331 | $573 |
| Trading costs (broker commissions) | $6 | $18 | $31 |
| Lost growth on money paid in costs | $0 | $17 | $61 |
| Total costs | $112 | $366 | $665 |
| Value after costs | $10,388 | $11,210 | $12,098 |
| Impact on return, per year | 1.12% | 1.12% | 1.12% |
CBLFX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending March 31, 2021.
- Explicit cost rate (commissions ÷ average net assets): 0.0550%
- Total broker commissions: $13K
- Bought from dealers (principal trades, not a cost): $8.0M
- Portfolio turnover (prospectus): 62%
- Securities lending: none during the year
CBLFX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| INSTINET, LLC | $13K | 97.33% |
| UMB BANK, N.A. | $356 | 2.67% |
CBLFX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| INSTINET, LLC | $7.6M | 95.52% |
| CHARLES SCHWAB & CO INC | $357K | 4.48% |
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 Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date.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.