COGLX Fees and Costs — Cognios Large Cap Value Fund, Investor Class
Data updated: 2021-02-25
The net expense ratio is 2.02%: a 0.65% management fee, a 0.25% 12b-1 fee plus 1.97% other expenses, less a 0.85% fee waiver. There are no sales loads or redemption fees. In fiscal 2020 the fund paid $7K in broker commissions, 0.0320% of average net assets, and portfolio turnover was 74%.
COGLX Fees and Expenses
Annual operating expenses and sales charges of COGLX. Prospectus, as of October 31, 2020.
| Annual operating expenses | |
|---|---|
| Management fee | 0.65% |
| 12b-1 fee | 0.25% |
| Other expenses | 1.97% |
| Gross expense ratio | 2.87% |
| Fee waiver | −0.85% |
| Net expense ratio | 2.02% |
| 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 |
COGLX Costs Over Time
On $10,000 invested in COGLX, assuming 5% a year before costs, total costs come to $1,257 over 5 years, cutting the return by 2.15% 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 2.02%) | $212 | $655 | $1,123 |
| Trading costs (broker commissions) | $3 | $10 | $18 |
| Lost growth on money paid in costs | $0 | $33 | $116 |
| Total costs | $215 | $698 | $1,257 |
| Value after costs | $10,285 | $10,878 | $11,506 |
| Impact on return, per year | 2.15% | 2.15% | 2.15% |
COGLX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending June 30, 2020.
- Explicit cost rate (commissions ÷ average net assets): 0.0320%
- Total broker commissions: $7K
- Bought from dealers (principal trades, not a cost): $100
- Portfolio turnover (prospectus): 74%
- Securities lending: none during the year
COGLX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| BTIG, LLC | $4K | 57.72% |
| LEK Securities Corp. | $2K | 31.92% |
| Cowen & Company | $773 | 10.36% |
COGLX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Cowen & Company | $100 | 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.