CLSAX Fees and Costs — CLS Global Diversified Equity Fund, Class N
Data updated: 2021-12-29
The net expense ratio is 1.65%. There are no sales loads or redemption fees. In fiscal 2021 the fund paid $14K in broker commissions, 0.0034% of average net assets, and portfolio turnover was 17%.
CLSAX Fees and Expenses
Annual operating expenses and sales charges of CLSAX. Prospectus, as of August 31, 2021.
| Annual operating expenses | |
|---|---|
| Management fee | 0.75% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.43% |
| Gross expense ratio | 1.65% |
| Fee waiver | — |
| Net expense ratio | 1.65% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| 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 |
CLSAX Costs Over Time
On $10,000 invested in CLSAX, assuming 5% a year before costs, total costs come to $1,021 over 5 years, cutting the return by 1.74% 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 1.65%) | $173 | $537 | $925 |
| Trading costs (broker commissions) | $0 | $1 | $2 |
| Lost growth on money paid in costs | $0 | $27 | $94 |
| Total costs | $174 | $565 | $1,021 |
| Value after costs | $10,326 | $11,011 | $11,742 |
| Impact on return, per year | 1.74% | 1.74% | 1.74% |
CLSAX 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): 0.0034%
- Total broker commissions: $14K
- Bought from dealers (principal trades, not a cost): $149.7M
- Portfolio turnover (prospectus): 17%
- Securities on loan, average value: $33.2M
- Net income from securities lending: $716K (0.175% of average net assets)
CLSAX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| WALLACHBETH | $10K | 67.95% |
| JP Morgan Chase | $4K | 32.05% |
CLSAX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| JANE STREET EXECUTION SERVICES, LLC | $54.2M | 36.22% |
| KNIGHT CAPITAL GROUP | $44.1M | 29.46% |
| MISCHLER FINANCIAL GROUP | $18.9M | 12.66% |
| SUSQUEHANNA CAPITAL GROUP | $10.6M | 7.09% |
| OLD MISSION MARKETS LLC | $8.1M | 5.42% |
| FLOW TRADERS U.S. LLC | $6.8M | 4.54% |
| CITADEL SECURITIES LLC | $3.9M | 2.59% |
| VIRTUS INVESTMENT PARTNERS | $3.0M | 2.03% |
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.