CUTDX Fees and Costs — Cutler Emerging Markets Fund
Data updated: 2020-05-28
The net expense ratio is 1.68% (2.25% before fee waivers). There are no sales loads or redemption fees. In fiscal 2019 the fund paid $2K in broker commissions, 0.0117% of average net assets, and portfolio turnover was 6%.
CUTDX Fees and Expenses
Annual operating expenses and sales charges of CUTDX. Prospectus, as of October 31, 2019.
| Annual operating expenses | |
|---|---|
| Management fee | 0.85% |
| 12b-1 fee | 0.00% |
| Other expenses | 1.27% |
| Gross expense ratio | 2.25% |
| Fee waiver | −0.57% |
| Net expense ratio | 1.68% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | Yes |
CUTDX Costs Over Time
On $10,000 invested in CUTDX, assuming 5% a year before costs, total costs come to $1,044 over 5 years, cutting the return by 1.78% 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 1.68%) | $176 | $546 | $941 |
| Trading costs (broker commissions) | $1 | $4 | $7 |
| Lost growth on money paid in costs | $0 | $27 | $96 |
| Total costs | $178 | $578 | $1,044 |
| Value after costs | $10,322 | $10,999 | $11,719 |
| Impact on return, per year | 1.78% | 1.78% | 1.78% |
CUTDX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending June 30, 2019.
- Explicit cost rate (commissions ÷ average net assets): 0.0117%
- Total broker commissions: $2K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 6%
- Securities lending: none during the year
CUTDX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| CANTOR FITZGERALD and CO. | $965 | 60.36% |
| ACADEMY SECURITIES, INC. | $634 | 39.64% |
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 Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date.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.