CLCEX Fees and Costs — Multi-Manager Large Cap Growth Strategies Fund, Institutional Class
Data updated: 2026-08-28
The net expense ratio is 0.72%: a 0.64% management fee plus 0.10% other expenses, less a 0.02% fee waiver. There are no sales loads or redemption fees. Portfolio turnover was 65%.
CLCEX Fees and Expenses
Annual operating expenses and sales charges of CLCEX. Prospectus, as of March 31, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.64% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.10% |
| Gross expense ratio | 0.74% |
| Fee waiver | −0.02% |
| Net expense ratio | 0.72% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| Max deferred load | 0.00% |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | No |
CLCEX Costs Over Time
On $10,000 invested in CLCEX, assuming 5% a year before costs, total costs come to $453 over 5 years, cutting the return by 0.76% 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 0.72%) | $76 | $237 | $411 |
| Lost growth on money paid in costs | $0 | $12 | $41 |
| Total costs | $76 | $248 | $453 |
| Value after costs | $10,424 | $11,328 | $12,310 |
| Impact on return, per year | 0.76% | 0.76% | 0.76% |
CLCEX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending March 31, 2026.
- Explicit cost rate (commissions ÷ average net assets): —
- Total broker commissions: —
- Bought from dealers (principal trades, not a cost): $2.6M
- Portfolio turnover (prospectus): 65%
- Securities lending: none during the year
CLCEX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Morgan Stanley & Co. LLC | $1.3M | 50.82% |
| Goldman Sachs & Co. LLC | $1.3M | 49.18% |
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 Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date.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.