CLSHX Fees and Costs — CLS Shelter Fund, Class N
Data updated: 2021-12-29
The net expense ratio is 1.47%. There are no sales loads or redemption fees. In fiscal 2021 the fund paid $64K in broker commissions, 0.0344% of average net assets, and portfolio turnover was 377%.
CLSHX Fees and Expenses
Annual operating expenses and sales charges of CLSHX. Prospectus, as of August 31, 2021.
| Annual operating expenses | |
|---|---|
| Management fee | 0.75% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.47% |
| Gross expense ratio | 1.47% |
| Fee waiver | — |
| Net expense ratio | 1.47% |
| 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 |
CLSHX Costs Over Time
On $10,000 invested in CLSHX, assuming 5% a year before costs, total costs come to $932 over 5 years, cutting the return by 1.58% 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 1.47%) | $154 | $479 | $826 |
| Trading costs (broker commissions) | $4 | $11 | $19 |
| Lost growth on money paid in costs | $0 | $24 | $86 |
| Total costs | $158 | $515 | $932 |
| Value after costs | $10,342 | $11,062 | $11,831 |
| Impact on return, per year | 1.58% | 1.58% | 1.58% |
CLSHX 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): 0.0344%
- Total broker commissions: $64K
- Bought from dealers (principal trades, not a cost): $658.7M
- Portfolio turnover (prospectus): 377%
- Securities on loan, average value: $7.7M
- Net income from securities lending: $93K (0.050% of average net assets)
CLSHX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| WALLACHBETH | $58K | 91.41% |
| JP Morgan Chase | $5K | 8.59% |
CLSHX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| JANE STREET EXECUTION SERVICES, LLC | $286.4M | 43.48% |
| CITADEL SECURITIES LLC | $264.9M | 40.21% |
| SUSQUEHANNA CAPITAL GROUP | $37.9M | 5.75% |
| VIRTUS INVESTMENT PARTNERS | $32.8M | 4.98% |
| GOLDMAN SACHS | $21.9M | 3.33% |
| KNIGHT CAPITAL GROUP | $9.9M | 1.50% |
| JP MORGAN CHASE | $4.9M | 0.74% |
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.