ENSBX Fees and Costs — Ensemble Fund
Data updated: 2024-09-18
The net expense ratio is 1.00%. There are no sales loads or redemption fees. In fiscal 2023 the fund paid $13K in broker commissions, 0.0252% of average net assets, and portfolio turnover was 61%.
ENSBX Fees and Expenses
Annual operating expenses and sales charges of ENSBX. Prospectus, as of February 29, 2024.
| Annual operating expenses | |
|---|---|
| Management fee | 1.00% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.00% |
| Gross expense ratio | 1.00% |
| Fee waiver | — |
| Net expense ratio | 1.00% |
| 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 |
ENSBX Costs Over Time
On $10,000 invested in ENSBX, assuming 5% a year before costs, total costs come to $641 over 5 years, cutting the return by 1.08% 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 1.00%) | $105 | $328 | $568 |
| Trading costs (broker commissions) | $3 | $8 | $14 |
| Lost growth on money paid in costs | $0 | $17 | $59 |
| Total costs | $108 | $352 | $641 |
| Value after costs | $10,392 | $11,224 | $12,122 |
| Impact on return, per year | 1.08% | 1.08% | 1.08% |
ENSBX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending October 31, 2023.
- Explicit cost rate (commissions ÷ average net assets): 0.0252%
- Total broker commissions: $13K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 61%
- Securities lending: none during the year
ENSBX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Tourmaline Partners, LLC | $12K | 92.73% |
| GOLDMAN SACHS & CO. LLC | $890 | 6.93% |
| CHARLES SCHWAB & CO., INC. | $43 | 0.33% |
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 Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date.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.