CFMSX Fees and Costs — Column Mid Cap Select Fund
Data updated: 2026-10-08
The net expense ratio is 0.52% (0.82% before fee waivers). There are no sales loads or redemption fees. In fiscal 2024 the fund paid $502K in broker commissions, 0.0334% of average net assets, and portfolio turnover was 26%.
CFMSX Fees and Expenses
Annual operating expenses and sales charges of CFMSX. Prospectus, as of December 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.67% |
| 12b-1 fee | — |
| Other expenses | — |
| Gross expense ratio | 0.82% |
| Fee waiver | −0.30% |
| Net expense ratio | 0.52% |
| 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 |
CFMSX Costs Over Time
On $10,000 invested in CFMSX, assuming 5% a year before costs, total costs come to $349 over 5 years, cutting the return by 0.58% 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 0.52%) | $55 | $171 | $298 |
| Trading costs (broker commissions) | $4 | $11 | $19 |
| Lost growth on money paid in costs | $0 | $9 | $32 |
| Total costs | $58 | $191 | $349 |
| Value after costs | $10,442 | $11,385 | $12,414 |
| Impact on return, per year | 0.58% | 0.58% | 0.58% |
CFMSX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending August 31, 2024.
- Explicit cost rate (commissions ÷ average net assets): 0.0334%
- Total broker commissions: $502K
- Bought from dealers (principal trades, not a cost): $312
- Portfolio turnover (prospectus): 26%
- Securities lending: none during the year
CFMSX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| MORGAN STANLEY & CO. LLC | $59K | 18.41% |
| GOLDMAN SACHS & CO. LLC | $53K | 16.53% |
| MERRILL LYNCH PIERCE FENNER & SMITH INCORPORATED | $44K | 13.63% |
| RBC CAPITAL MARKETS LLC | $34K | 10.66% |
| CAPITAL INSTITUTIONAL SERVICES INC. | $29K | 9.06% |
| RAYMOND JAMES & ASSOCIATES INC. | $29K | 9.03% |
| J.P. MORGAN SECURITIES LLC | $19K | 5.95% |
| SANFORD C. BERNSTEIN & CO. LLC | $19K | 5.78% |
| CITIGROUP GLOBAL MARKETS INC. | $18K | 5.52% |
| NATIONAL FINANCIAL SERVICES LLC | $18K | 5.44% |
CFMSX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| GOLDMAN SACHS & CO. LLC | $225 | 72.12% |
| J.P. MORGAN SECURITIES LLC | $87 | 27.88% |
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.