CWSDX Fees and Costs — Chartwell Short Duration Bond Fund
Data updated: 2022-08-29
The net expense ratio is 0.40%: a 0.30% management fee plus 3.21% other expenses, less a 3.12% fee waiver. There are no sales loads or redemption fees. Portfolio turnover was 6%.
CWSDX Fees and Expenses
Annual operating expenses and sales charges of CWSDX. Prospectus, as of April 30, 2022.
| Annual operating expenses | |
|---|---|
| Management fee | 0.30% |
| 12b-1 fee | — |
| Other expenses | 3.21% |
| Gross expense ratio | 3.52% |
| Fee waiver | −3.12% |
| Net expense ratio | 0.40% |
| 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 |
CWSDX Costs Over Time
On $10,000 invested in CWSDX, assuming 5% a year before costs, total costs come to $253 over 5 years, cutting the return by 0.42% 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 0.40%) | $42 | $132 | $230 |
| Lost growth on money paid in costs | $0 | $7 | $23 |
| Total costs | $42 | $138 | $253 |
| Value after costs | $10,458 | $11,438 | $12,510 |
| Impact on return, per year | 0.42% | 0.42% | 0.42% |
CWSDX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending December 31, 2021.
- Explicit cost rate (commissions ÷ average net assets): —
- Total broker commissions: —
- Bought from dealers (principal trades, not a cost): $6.4M
- Portfolio turnover (prospectus): 6%
- Securities lending: none during the year
CWSDX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| MORGAN STANLEY & CO., LLC | $1.1M | 26.25% |
| MARKETAXESS HOLDINGS, INC. | $945K | 22.09% |
| JANE STREET EXECUTION SERVICES, LLC | $416K | 9.72% |
| GOLDMAN, SACHS & CO. | $346K | 8.08% |
| BANC OF AMERICA SECURITIES LLC | $314K | 7.34% |
| BNP PARIBAS SECURITIES CORP. | $267K | 6.25% |
| BOFA SECURITIES, INC. | $248K | 5.78% |
| RBC CAPITAL MARKETS, LLC | $228K | 5.33% |
| J.P. MORGAN SECURITIES LLC | $213K | 4.98% |
| WELLS FARGO SECURITIES, LLC | $179K | 4.19% |
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.