CSFOX Fees and Costs — Caravan Frontier Markets Opportunities Fund, Supra Institutional Shares
Data updated: 2020-12-10
The net expense ratio is 1.35% (2.56% before fee waivers). This share class carries a redemption fee of 2.00%. In fiscal 2020 the fund paid $55K in broker commissions, 0.4466% of average net assets, and portfolio turnover was 24%.
CSFOX Fees and Expenses
Annual operating expenses and sales charges of CSFOX. Prospectus, as of January 31, 2020.
| Annual operating expenses | |
|---|---|
| Management fee | 1.10% |
| 12b-1 fee | 0.00% |
| Other expenses | 1.41% |
| Gross expense ratio | 2.56% |
| Fee waiver | −1.21% |
| Net expense ratio | 1.35% |
| 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 | Yes |
| Waived fees subject to recoupment | Yes |
CSFOX Costs Over Time
On $10,000 invested in CSFOX, assuming 5% a year before costs, total costs come to $1,106 over 5 years, cutting the return by 1.89% 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 1.35%) | $142 | $439 | $754 |
| Trading costs (broker commissions) | $47 | $145 | $250 |
| Lost growth on money paid in costs | $0 | $29 | $102 |
| Total costs | $189 | $613 | $1,106 |
| Value after costs | $10,311 | $10,963 | $11,657 |
| Impact on return, per year | 1.89% | 1.89% | 1.89% |
CSFOX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending September 30, 2020.
- Explicit cost rate (commissions ÷ average net assets): 0.4466%
- Total broker commissions: $55K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 24%
- Securities lending: none during the year
CSFOX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| AUERBACH GRAYSON & CO INC. | $40K | 73.72% |
| HSBC SECURITIES (USA) INC. | $10K | 18.88% |
| TELLIMER | $3K | 4.74% |
| CVGX | $901 | 1.65% |
| INTERMARKET SECURITIES | $389 | 0.71% |
| BLOOMBERG TRADEBOOK LLC | $166 | 0.30% |
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 Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date.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.