CSMDX Fees and Costs — Copeland SMID Cap Dividend Growth Fund, Class I
Data updated: 2026-07-24
The net expense ratio is 0.95%: a 0.75% management fee plus 0.63% other expenses, less a 0.43% fee waiver. This share class carries a redemption fee of 1.00%. In fiscal 2025 the fund paid $119K in broker commissions, 0.0706% of average net assets, and portfolio turnover was 66%.
CSMDX Fees and Expenses
Annual operating expenses and sales charges of CSMDX. Prospectus, as of March 31, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.75% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.63% |
| Gross expense ratio | 1.38% |
| Fee waiver | −0.43% |
| Net expense ratio | 0.95% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| Max deferred load | 0.00% |
| Redemption fee | 1.00% |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | Yes |
CSMDX Costs Over Time
On $10,000 invested in CSMDX, assuming 5% a year before costs, total costs come to $638 over 5 years, cutting the return by 1.07% 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 0.95%) | $100 | $311 | $540 |
| Trading costs (broker commissions) | $7 | $23 | $40 |
| Lost growth on money paid in costs | $0 | $17 | $59 |
| Total costs | $107 | $351 | $638 |
| Value after costs | $10,393 | $11,225 | $12,125 |
| Impact on return, per year | 1.07% | 1.07% | 1.07% |
CSMDX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending November 30, 2025.
- Explicit cost rate (commissions ÷ average net assets): 0.0706%
- Total broker commissions: $119K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 66%
- Securities lending: none during the year
CSMDX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| RAYMOND JAMES | $11K | 33.98% |
| LIQUIDNET | $5K | 14.43% |
| ROYAL BANK OF CANADA CAPITAL MARKETS | $3K | 7.83% |
| BERENBERG | $2K | 7.41% |
| ISI Group | $2K | 7.29% |
| BANK OF MONTREAL (BMO) | $2K | 6.64% |
| Loop Capital Markets LLC | $2K | 6.57% |
| PIPER SANDLER & CO. | $2K | 6.32% |
| WILLIAM BLAIR & CO | $2K | 4.91% |
| ROBERT W. BAIRD & CO. | $2K | 4.62% |
Copeland SMID Cap Dividend Growth Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| CSMDX | Class I | 0.95% | none |
| CSDGX | Class A | 1.20% | 5.75% |
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.