CIPDX Fees and Costs — Champlain Emerging Markets Fund, Advisor Shares
Data updated: 2022-08-26
The net expense ratio is 1.30%: a 0.90% management fee, a 0.25% 12b-1 fee plus 1.69% other expenses, less a 1.54% fee waiver. This share class carries a redemption fee of 2.00%. In fiscal 2021 the fund paid $11K in broker commissions, 0.1157% of average net assets, and portfolio turnover was 44%.
CIPDX Fees and Expenses
Annual operating expenses and sales charges of CIPDX. Prospectus, as of April 30, 2022.
| Annual operating expenses | |
|---|---|
| Management fee | 0.90% |
| 12b-1 fee | 0.25% |
| Other expenses | 1.69% |
| Gross expense ratio | 2.84% |
| Fee waiver | −1.54% |
| Net expense ratio | 1.30% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | 2.00% |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | Yes |
CIPDX Costs Over Time
On $10,000 invested in CIPDX, assuming 5% a year before costs, total costs come to $878 over 5 years, cutting the return by 1.49% 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 1.30%) | $136 | $424 | $732 |
| Trading costs (broker commissions) | $12 | $38 | $65 |
| Lost growth on money paid in costs | $0 | $23 | $81 |
| Total costs | $149 | $485 | $878 |
| Value after costs | $10,351 | $11,092 | $11,885 |
| Impact on return, per year | 1.49% | 1.49% | 1.49% |
CIPDX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending December 31, 2021.
- Explicit cost rate (commissions ÷ average net assets): 0.1157%
- Total broker commissions: $11K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 44%
- Securities lending: none during the year
CIPDX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| GOLDMAN, SACHS & CO. | $3K | 28.76% |
| INSTINET PACIFIC LTD | $2K | 17.12% |
| NOMURA SECURITIES INTERNATIONAL, INC. | $1K | 11.92% |
| INSTINET | $1K | 11.15% |
| LIQUIDNET | $725 | 7.28% |
| CIMB SECURITIES | $605 | 6.08% |
| MIRAE ASSET SECURITIES | $581 | 5.83% |
| GOLDMAN SACHS & CO | $563 | 5.65% |
| ANI-BTG PACTUAL | $312 | 3.13% |
| BJM FINANCIAL | $306 | 3.07% |
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.