DIP Fees and Costs — BTD Capital Fund
Data updated: 2024-04-29
The net expense ratio is 0.77%. There are no sales loads or redemption fees. In fiscal 2023 the fund paid $26K in broker commissions, 1.5913% of average net assets, and portfolio turnover was 5450%.
DIP Fees and Expenses
Annual operating expenses and sales charges of DIP. Prospectus, as of March 31, 2024.
| Annual operating expenses | |
|---|---|
| Management fee | 0.75% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.00% |
| Gross expense ratio | 0.77% |
| Fee waiver | — |
| Net expense ratio | 0.77% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | No |
| Fees waived or reduced during the year | No |
| Waived fees subject to recoupment | No |
DIP Costs Over Time
On $10,000 invested in DIP, assuming 5% a year before costs, total costs come to $1,437 over 5 years, cutting the return by 2.48% 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 0.77%) | $81 | $249 | $425 |
| Trading costs (broker commissions) | $167 | $514 | $879 |
| Lost growth on money paid in costs | $0 | $38 | $134 |
| Total costs | $248 | $801 | $1,437 |
| Value after costs | $10,252 | $10,775 | $11,325 |
| Impact on return, per year | 2.48% | 2.48% | 2.48% |
DIP Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending November 30, 2023.
- Explicit cost rate (commissions ÷ average net assets): 1.5913%
- Total broker commissions: $26K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 5450%
- Securities lending: none during the year
DIP Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| CREDIT SUISSE SECURITIES (USA) LLC | $17K | 64.32% |
| MISCHLER FINANCIAL GROUP, INC. | $9K | 35.68% |
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 Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date.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.