EVGIX Fees and Costs — Evermore Global Value Fund, Institutional Class
Data updated: 2024-04-26
The net expense ratio is 1.37% (1.53% before fee waivers). There are no sales loads or redemption fees. In fiscal 2023 the fund paid $35K in broker commissions, 0.0321% of average net assets, and portfolio turnover was 14%.
EVGIX Fees and Expenses
Annual operating expenses and sales charges of EVGIX. Prospectus, as of February 29, 2024.
| Annual operating expenses | |
|---|---|
| Management fee | 0.99% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.52% |
| Gross expense ratio | 1.53% |
| Fee waiver | −0.16% |
| Net expense ratio | 1.37% |
| 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 |
EVGIX Costs Over Time
On $10,000 invested in EVGIX, assuming 5% a year before costs, total costs come to $870 over 5 years, cutting the return by 1.47% 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 1.37%) | $144 | $447 | $772 |
| Trading costs (broker commissions) | $3 | $10 | $18 |
| Lost growth on money paid in costs | $0 | $23 | $80 |
| Total costs | $147 | $480 | $870 |
| Value after costs | $10,353 | $11,096 | $11,893 |
| Impact on return, per year | 1.47% | 1.47% | 1.47% |
EVGIX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending August 31, 2023.
- Explicit cost rate (commissions ÷ average net assets): 0.0321%
- Total broker commissions: $35K
- Bought from dealers (principal trades, not a cost): $426.7M
- Portfolio turnover (prospectus): 14%
- Securities on loan, average value: $2.9M
- Net income from securities lending: $169K (0.156% of average net assets)
EVGIX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| DNB BANK | $8K | 23.27% |
| KNIGHT EQUITY MARKETS | $7K | 21.61% |
| FEARNLEY SECURITIES AS | $4K | 12.26% |
| LIQUIDNET | $4K | 11.13% |
| BNP PARIBAS BROKERAGE SERVICES INC. | $3K | 8.31% |
| CIC MARKET SOLUTIONS, INC | $3K | 7.64% |
| JEFFERIES & COMPANY INC. | $2K | 5.09% |
| CARNEGIE INVESTMENT BANK, DK | $2K | 4.91% |
| BAYPOINT TRADING LLC/BASS TRADING | $1K | 4.03% |
| CHINA INTERNATIONAL CAP. CORP | $583 | 1.75% |
EVGIX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| BNY MELLON CAPITAL MARKETS LLC | $424.4M | 99.47% |
| FEARNLEY SECURITIES AS | $2.3M | 0.53% |
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.