CFSSX Fees and Costs — Column Small Cap Select Fund
Data updated: 2026-10-08
The net expense ratio is 0.65% (0.94% before fee waivers). There are no sales loads or redemption fees. In fiscal 2024 the fund paid $1.1M in broker commissions, 0.1499% of average net assets, and portfolio turnover was 94%.
CFSSX Fees and Expenses
Annual operating expenses and sales charges of CFSSX. Prospectus, as of December 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.75% |
| 12b-1 fee | — |
| Other expenses | — |
| Gross expense ratio | 0.94% |
| Fee waiver | −0.29% |
| Net expense ratio | 0.65% |
| 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 |
CFSSX Costs Over Time
On $10,000 invested in CFSSX, assuming 5% a year before costs, total costs come to $502 over 5 years, cutting the return by 0.84% 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 0.65%) | $68 | $213 | $371 |
| Trading costs (broker commissions) | $16 | $49 | $86 |
| Lost growth on money paid in costs | $0 | $13 | $46 |
| Total costs | $84 | $276 | $502 |
| Value after costs | $10,416 | $11,301 | $12,260 |
| Impact on return, per year | 0.84% | 0.84% | 0.84% |
CFSSX 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): 0.1499%
- Total broker commissions: $1.1M
- Bought from dealers (principal trades, not a cost): $15.5M
- Portfolio turnover (prospectus): 94%
- Securities lending: none during the year
CFSSX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| RBC CAPITAL MARKETS LLC | $153K | 16.60% |
| J.P. MORGAN SECURITIES LLC | $110K | 12.00% |
| MORGAN STANLEY & CO. LLC | $109K | 11.88% |
| GOLDMAN SACHS & CO. LLC | $105K | 11.44% |
| NATIONAL FINANCIAL SERVICES LLC | $102K | 11.08% |
| MERRILL LYNCH PIERCE FENNER & SMITH INCORPORATED | $94K | 10.24% |
| JEFFERIES LLC | $92K | 10.04% |
| PERSHING LLC | $71K | 7.70% |
| LIQUIDNET INC. | $49K | 5.36% |
| INSTINET LLC | $34K | 3.65% |
CFSSX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| JEFFERIES LLC | $6.0M | 38.90% |
| GOLDMAN SACHS & CO. LLC | $2.4M | 15.55% |
| J.P. MORGAN SECURITIES LLC | $2.0M | 12.76% |
| MORGAN STANLEY & CO. LLC | $1.3M | 8.60% |
| BARCLAYS CAPITAL INC. | $1.3M | 8.58% |
| MERRILL LYNCH PIERCE FENNER & SMITH INCORPORATED | $960K | 6.19% |
| CRAIG-HALLUM CAPITAL GROUP LLC | $630K | 4.06% |
| CITIGROUP GLOBAL MARKETS INC. | $500K | 3.23% |
| LEERINK PARTNERS LLC | $328K | 2.12% |
| NATIONAL FINANCIAL SERVICES LLC | $1K | 0.01% |
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.