CLACX Fees and Costs — CLS Global Aggressive Equity Fund, Class N
Data updated: 2021-12-29
The net expense ratio is 1.71%. There are no sales loads or redemption fees. In fiscal 2021 the fund paid $9K in broker commissions, 0.0056% of average net assets, and portfolio turnover was 16%.
CLACX Fees and Expenses
Annual operating expenses and sales charges of CLACX. Prospectus, as of August 31, 2021.
| Annual operating expenses | |
|---|---|
| Management fee | 0.75% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.49% |
| Gross expense ratio | 1.71% |
| Fee waiver | — |
| Net expense ratio | 1.71% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | No |
| Waived fees subject to recoupment | No |
CLACX Costs Over Time
On $10,000 invested in CLACX, assuming 5% a year before costs, total costs come to $1,058 over 5 years, cutting the return by 1.80% 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 1.71%) | $180 | $556 | $957 |
| Trading costs (broker commissions) | $1 | $2 | $3 |
| Lost growth on money paid in costs | $0 | $28 | $98 |
| Total costs | $180 | $586 | $1,058 |
| Value after costs | $10,320 | $10,991 | $11,705 |
| Impact on return, per year | 1.80% | 1.80% | 1.80% |
CLACX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending April 30, 2021.
- Explicit cost rate (commissions ÷ average net assets): 0.0056%
- Total broker commissions: $9K
- Bought from dealers (principal trades, not a cost): $23.4M
- Portfolio turnover (prospectus): 16%
- Securities on loan, average value: $39.8M
- Net income from securities lending: $755K (0.469% of average net assets)
CLACX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| WALLACHBETH | $5K | 60.98% |
| JP Morgan Chase | $3K | 39.02% |
CLACX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| JANE STREET EXECUTION SERVICES, LLC | $8.5M | 36.18% |
| KNIGHT CAPITAL GROUP | $7.6M | 32.65% |
| SUSQUEHANNA CAPITAL GROUP | $5.1M | 21.94% |
| MISCHLER FINANCIAL GROUP | $2.2M | 9.23% |
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.