CSGOX Fees and Costs — Cushing SMID Growth Focused Fund, Class I
Data updated: 2021-10-29
The net expense ratio is 1.35%: a 0.80% management fee, a 0.25% 12b-1 fee plus 6.26% other expenses, less a 5.96% fee waiver. This share class carries a maximum front-end sales load of 5.50%. In fiscal 2020 the fund paid $7K in broker commissions, 0.2516% of average net assets, and portfolio turnover was 21%.
CSGOX Fees and Expenses
Annual operating expenses and sales charges of CSGOX. Prospectus, as of March 31, 2021.
| Annual operating expenses | |
|---|---|
| Management fee | 0.80% |
| 12b-1 fee | 0.25% |
| Other expenses | 6.26% |
| Gross expense ratio | 7.31% |
| Fee waiver | −5.96% |
| Net expense ratio | 1.35% |
| Sales charges | |
|---|---|
| Max front load | 5.50% |
| Max deferred load | 0.00% |
| Redemption fee | 0.00% |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | Yes |
CSGOX Costs Over Time
On $10,000 invested in CSGOX, assuming 5% a year before costs, total costs come to $1,637 over 5 years, cutting the return by 2.84% 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 |
| Sales charges | $550 | $550 | $550 |
| Fund expenses (net expense ratio 1.35%) | $134 | $415 | $716 |
| Trading costs (broker commissions) | $25 | $77 | $133 |
| Lost growth on money paid in costs | $28 | $111 | $238 |
| Total costs | $736 | $1,154 | $1,637 |
| Value after costs | $9,764 | $10,422 | $11,125 |
| Impact on return, per year | 7.36% | 3.61% | 2.84% |
CSGOX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending November 30, 2020.
- Explicit cost rate (commissions ÷ average net assets): 0.2516%
- Total broker commissions: $7K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 21%
- Securities lending: none during the year
CSGOX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| BTIG LLC | $3K | 41.44% |
| SEAPORT GLOBAL SECURITIES LLC | $1K | 23.29% |
| WELLS FARGO SECURITIES LLC | $847 | 13.20% |
| KEYBANC CAPITAL MARKETS INC. | $476 | 7.42% |
| COWEN EXECUTION SERVICES LLC | $362 | 5.64% |
| MERRILL LYNCH PIERCE FENNER & SMITH INCORPORATED | $241 | 3.76% |
| TRUIST SECURITIES INC. | $153 | 2.38% |
| NEEDHAM & COMPANY LLC | $65 | 1.01% |
| MORGAN STANLEY & CO. LLC | $65 | 1.01% |
| RAYMOND JAMES & ASSOCIATES INC. | $54 | 0.84% |
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.