COGEX Fees and Costs — F/m Investments Large Cap Focused Fund, Institutional Class
Data updated: 2022-03-01
The net expense ratio is 0.91%: a 0.70% management fee plus 0.46% other expenses, less a 0.26% fee waiver. There are no sales loads or redemption fees. In fiscal 2021 the fund paid $53K in broker commissions, 0.0790% of average net assets, and portfolio turnover was 195%.
COGEX Fees and Expenses
Annual operating expenses and sales charges of COGEX. Prospectus, as of October 31, 2021.
| Annual operating expenses | |
|---|---|
| Management fee | 0.70% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.46% |
| Gross expense ratio | 1.17% |
| Fee waiver | −0.26% |
| Net expense ratio | 0.91% |
| 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 | Yes |
COGEX Costs Over Time
On $10,000 invested in COGEX, assuming 5% a year before costs, total costs come to $619 over 5 years, cutting the return by 1.04% 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 0.91%) | $96 | $298 | $517 |
| Trading costs (broker commissions) | $8 | $26 | $45 |
| Lost growth on money paid in costs | $0 | $16 | $57 |
| Total costs | $104 | $340 | $619 |
| Value after costs | $10,396 | $11,236 | $12,144 |
| Impact on return, per year | 1.04% | 1.04% | 1.04% |
COGEX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending June 30, 2021.
- Explicit cost rate (commissions ÷ average net assets): 0.0790%
- Total broker commissions: $53K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 195%
- Securities lending: none during the year
COGEX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Goldman Sachs & Co. | $31K | 58.00% |
| Bloomberg Tradebook, LLC | $17K | 32.68% |
| Wallachbeth Capital, LLC | $4K | 8.19% |
| Raymond, James & Associates, Inc. | $596 | 1.13% |
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 Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date.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.