CSMOX Fees and Costs — FS Chiron SMid Opportunities Fund, Institutional Class
Data updated: 2023-09-29
The net expense ratio is 1.20%: a 0.90% management fee plus 0.58% other expenses, less a 0.28% fee waiver. There are no sales loads or redemption fees. In fiscal 2022 the fund paid $234K in broker commissions, 0.5535% of average net assets, and portfolio turnover was 463%.
CSMOX Fees and Expenses
Annual operating expenses and sales charges of CSMOX. Prospectus, as of February 28, 2023.
| Annual operating expenses | |
|---|---|
| Management fee | 0.90% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.58% |
| Gross expense ratio | 1.48% |
| Fee waiver | −0.28% |
| Net expense ratio | 1.20% |
| 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 |
CSMOX Costs Over Time
On $10,000 invested in CSMOX, assuming 5% a year before costs, total costs come to $1,080 over 5 years, cutting the return by 1.84% 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 |
| Fund expenses (net expense ratio 1.20%) | $126 | $390 | $671 |
| Trading costs (broker commissions) | $58 | $180 | $310 |
| Lost growth on money paid in costs | $0 | $28 | $100 |
| Total costs | $184 | $598 | $1,080 |
| Value after costs | $10,316 | $10,978 | $11,682 |
| Impact on return, per year | 1.84% | 1.84% | 1.84% |
CSMOX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending October 31, 2022.
- Explicit cost rate (commissions ÷ average net assets): 0.5535%
- Total broker commissions: $234K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 463%
- Securities lending: none during the year
CSMOX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| SANFORD C. BERNSTEIN | $56K | 27.38% |
| BEAR STEARNS | $34K | 16.66% |
| UBS SECURITIES | $30K | 14.65% |
| MERRILL LYNCH | $23K | 11.22% |
| MORGAN STANLEY | $20K | 9.85% |
| CICC US SECURITIES | $12K | 5.77% |
| JEFFERIES LLC | $11K | 5.35% |
| CITIGROUP GLOBAL MARKETS | $9K | 4.23% |
| GOLDMAN SACHS | $6K | 2.71% |
| BAYPOINT TRADING | $4K | 2.16% |
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.