FADVX Fees and Costs — Frost Value Equity Fund, Investor Class
Data updated: 2020-12-28
The net expense ratio is 1.02%: a 0.50% management fee, a 0.25% 12b-1 fee plus 0.30% other expenses, less a 0.03% fee waiver. There are no sales loads or redemption fees. In fiscal 2020 the fund paid $24K in broker commissions, 0.1565% of average net assets, and portfolio turnover was 41%.
FADVX Fees and Expenses
Annual operating expenses and sales charges of FADVX. Prospectus, as of November 30, 2019.
| Annual operating expenses | |
|---|---|
| Management fee | 0.50% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.30% |
| Gross expense ratio | 1.05% |
| Fee waiver | −0.03% |
| Net expense ratio | 1.02% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | No |
| Waived fees subject to recoupment | No |
FADVX Costs Over Time
On $10,000 invested in FADVX, assuming 5% a year before costs, total costs come to $733 over 5 years, cutting the return by 1.24% 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 1.02%) | $107 | $334 | $577 |
| Trading costs (broker commissions) | $16 | $51 | $89 |
| Lost growth on money paid in costs | $0 | $19 | $67 |
| Total costs | $124 | $404 | $733 |
| Value after costs | $10,376 | $11,172 | $12,030 |
| Impact on return, per year | 1.24% | 1.24% | 1.24% |
FADVX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending July 31, 2020.
- Explicit cost rate (commissions ÷ average net assets): 0.1565%
- Total broker commissions: $24K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 41%
- Securities lending: none during the year
FADVX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| MORGAN STANLEY & CO. | $11K | 44.27% |
| RBC DAIN RAUSCHER | $7K | 31.12% |
| NATIONAL FINANCIAL SERVICES CORP. | $5K | 22.60% |
| ISI GROUP | $327 | 1.36% |
| BMO NESBITT | $136 | 0.57% |
| GOLDMAN SACHS & CO. | $20 | 0.08% |
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 Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date.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.