FAKDX Fees and Costs — Kempner Multi-Cap Deep Value Fund, Investor Class
Data updated: 2025-10-29
The net expense ratio is 1.22%: a 0.59% management fee, a 0.25% 12b-1 fee plus 0.38% other expenses. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $78K in broker commissions, 0.0834% of average net assets, and portfolio turnover was 37%.
FAKDX Fees and Expenses
Annual operating expenses and sales charges of FAKDX. Prospectus, as of September 30, 2024.
| Annual operating expenses | |
|---|---|
| Management fee | 0.59% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.38% |
| Gross expense ratio | 1.22% |
| Fee waiver | — |
| Net expense ratio | 1.22% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| Max deferred load | 0.00% |
| Redemption fee | 0.00% |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | No |
| Waived fees subject to recoupment | No |
FAKDX Costs Over Time
On $10,000 invested in FAKDX, assuming 5% a year before costs, total costs come to $810 over 5 years, cutting the return by 1.37% 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 1.22%) | $128 | $398 | $689 |
| Trading costs (broker commissions) | $9 | $27 | $47 |
| Lost growth on money paid in costs | $0 | $21 | $75 |
| Total costs | $137 | $447 | $810 |
| Value after costs | $10,363 | $11,129 | $11,952 |
| Impact on return, per year | 1.37% | 1.37% | 1.37% |
FAKDX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending May 31, 2025.
- Explicit cost rate (commissions ÷ average net assets): 0.0834%
- Total broker commissions: $78K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 37%
- Securities lending: none during the year
FAKDX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| MORGAN STANLEY & CO., LLC | $33K | 42.67% |
| EVERCORE GROUP LLC | $24K | 31.35% |
| OPPENHEIMER & CO., INC. | $11K | 13.64% |
| PIPER JAFFRAY CO. | $7K | 9.46% |
| PIPER SANDLER & CO | $2K | 2.88% |
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 Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date.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.