CRNSX Fees and Costs — Catholic Responsible Investments International Small-Cap Fund, Institutional Shares
Data updated: 2026-09-29
The net expense ratio is 1.15%: a 0.96% management fee plus 0.34% other expenses, less a 0.15% fee waiver. This share class carries a redemption fee of 2.00%. In fiscal 2025 the fund paid $100K in broker commissions, 0.0901% of average net assets, and portfolio turnover was 59%.
CRNSX Fees and Expenses
Annual operating expenses and sales charges of CRNSX. Prospectus, as of June 30, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.96% |
| 12b-1 fee | — |
| Other expenses | 0.34% |
| Gross expense ratio | 1.30% |
| Fee waiver | −0.15% |
| Net expense ratio | 1.15% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | 2.00% |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | No |
| Waived fees subject to recoupment | Yes |
CRNSX Costs Over Time
On $10,000 invested in CRNSX, assuming 5% a year before costs, total costs come to $772 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 1.15%) | $121 | $376 | $650 |
| Trading costs (broker commissions) | $9 | $29 | $51 |
| Lost growth on money paid in costs | $0 | $20 | $71 |
| Total costs | $130 | $425 | $772 |
| Value after costs | $10,370 | $11,151 | $11,991 |
| Impact on return, per year | 1.30% | 1.30% | 1.30% |
CRNSX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending October 31, 2025.
- Explicit cost rate (commissions ÷ average net assets): 0.0901%
- Total broker commissions: $100K
- Bought from dealers (principal trades, not a cost): $33K
- Portfolio turnover (prospectus): 59%
- Securities on loan, average value: $669K
- Net income from securities lending: $11K (0.010% of average net assets)
CRNSX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| GOLDMAN, SACHS & CO. | $11K | 17.32% |
| BAML | $9K | 15.01% |
| J P MORGAN CHASE BANK | $9K | 14.00% |
| MORGAN STANLEY & CO, INC | $8K | 13.26% |
| UBS SECURITIES | $7K | 10.65% |
| CITIGROUP | $5K | 7.32% |
| MIZUHO SECURITIES | $4K | 6.53% |
| BARCLAY BANK PLC | $3K | 5.34% |
| INSTINET | $3K | 5.30% |
| BANK OF NEW YORK | $3K | 5.27% |
CRNSX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| CITIGROUP | $33K | 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.