CFSLX Fees and Costs — Column Small Cap Fund
Data updated: 2026-10-08
The net expense ratio is 0.63% (1.00% before fee waivers). There are no sales loads or redemption fees. In fiscal 2024 the fund paid $266K in broker commissions, 0.0805% of average net assets, and portfolio turnover was 57%.
CFSLX Fees and Expenses
Annual operating expenses and sales charges of CFSLX. Prospectus, as of December 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.77% |
| 12b-1 fee | — |
| Other expenses | — |
| Gross expense ratio | 1.00% |
| Fee waiver | −0.37% |
| Net expense ratio | 0.63% |
| 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 |
CFSLX Costs Over Time
On $10,000 invested in CFSLX, assuming 5% a year before costs, total costs come to $447 over 5 years, cutting the return by 0.75% 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 0.63%) | $66 | $207 | $360 |
| Trading costs (broker commissions) | $8 | $26 | $46 |
| Lost growth on money paid in costs | $0 | $12 | $41 |
| Total costs | $75 | $245 | $447 |
| Value after costs | $10,425 | $11,331 | $12,316 |
| Impact on return, per year | 0.75% | 0.75% | 0.75% |
CFSLX 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): 0.0805%
- Total broker commissions: $266K
- Bought from dealers (principal trades, not a cost): $1.7M
- Portfolio turnover (prospectus): 57%
- Securities lending: none during the year
CFSLX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| MERRILL LYNCH PIERCE FENNER & SMITH INCORPORATED | $38K | 18.46% |
| J.P. MORGAN SECURITIES LLC | $29K | 14.39% |
| INSTINET LLC | $23K | 11.09% |
| JEFFERIES LLC | $21K | 10.50% |
| GOLDMAN SACHS & CO. LLC | $17K | 8.55% |
| UBS SECURITIES LLC | $16K | 7.97% |
| UBS ASSET MANAGEMENT (US) INC. | $16K | 7.66% |
| RBC CAPITAL MARKETS LLC | $15K | 7.54% |
| MORGAN STANLEY & CO. LLC | $14K | 7.03% |
| LIQUIDNET INC. | $14K | 6.82% |
CFSLX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| GOLDMAN SACHS & CO. LLC | $536K | 31.77% |
| J.P. MORGAN SECURITIES LLC | $474K | 28.11% |
| MORGAN STANLEY & CO. LLC | $318K | 18.88% |
| CITIGROUP GLOBAL MARKETS INC. | $232K | 13.77% |
| BARCLAYS CAPITAL INC. | $102K | 6.03% |
| JEFFERIES LLC | $16K | 0.98% |
| COWEN EXECUTION SERVICES LLC | $8K | 0.45% |
| MERRILL LYNCH PIERCE FENNER & SMITH INCORPORATED | $86 | 0.01% |
| CANTOR FITZGERALD & CO. | $84 | 0.00% |
| BNP PARIBAS SECURITIES CORP. | $74 | 0.00% |
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.