CMOVX Fees and Costs — CM Advisors Small Cap Value Fund
Data updated: 2020-07-31
The net expense ratio is 1.22%. This share class carries a redemption fee of 1.00%. In fiscal 2020 the fund paid $11K in broker commissions, 0.0162% of average net assets, and portfolio turnover was 31%.
CMOVX Fees and Expenses
Annual operating expenses and sales charges of CMOVX. Prospectus, as of October 31, 2019.
| Annual operating expenses | |
|---|---|
| Management fee | 0.85% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.35% |
| Gross expense ratio | 1.22% |
| Fee waiver | — |
| Net expense ratio | 1.22% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| Max deferred load | 0.00% |
| Redemption fee | 1.00% |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | No |
CMOVX Costs Over Time
On $10,000 invested in CMOVX, assuming 5% a year before costs, total costs come to $770 over 5 years, cutting the return by 1.30% 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 1.22%) | $128 | $399 | $690 |
| Trading costs (broker commissions) | $2 | $5 | $9 |
| Lost growth on money paid in costs | $0 | $20 | $71 |
| Total costs | $130 | $424 | $770 |
| Value after costs | $10,370 | $11,152 | $11,993 |
| Impact on return, per year | 1.30% | 1.30% | 1.30% |
CMOVX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending February 29, 2020.
- Explicit cost rate (commissions ÷ average net assets): 0.0162%
- Total broker commissions: $11K
- Bought from dealers (principal trades, not a cost): $36.8M
- Portfolio turnover (prospectus): 31%
- Securities lending: none during the year
CMOVX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| JONES TRADING INSTITUTIONAL SERVICES LLC | $6K | 49.87% |
| Robotti Securities, LLC | $5K | 42.98% |
| CHARLES SCHWAB & CO., INC. | $822 | 7.15% |
CMOVX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| CHARLES SCHWAB & CO., INC. | $36.8M | 100.00% |
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 Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date.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.