FAKSX Fees and Costs — Frost Mid Cap Equity Fund, Investor Class
Data updated: 2020-03-30
The net expense ratio is 1.80%: a 0.50% management fee, a 0.25% 12b-1 fee plus 1.81% other expenses, less a 0.76% fee waiver. There are no sales loads or redemption fees. In fiscal 2019 the fund paid $13K in broker commissions, 0.1812% of average net assets, and portfolio turnover was 57%.
FAKSX Fees and Expenses
Annual operating expenses and sales charges of FAKSX. Prospectus, as of November 30, 2019.
| Annual operating expenses | |
|---|---|
| Management fee | 0.50% |
| 12b-1 fee | 0.25% |
| Other expenses | 1.81% |
| Gross expense ratio | 2.56% |
| Fee waiver | −0.76% |
| Net expense ratio | 1.80% |
| 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 |
FAKSX Costs Over Time
On $10,000 invested in FAKSX, assuming 5% a year before costs, total costs come to $1,215 over 5 years, cutting the return by 2.08% 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 1.80%) | $189 | $584 | $1,002 |
| Trading costs (broker commissions) | $19 | $59 | $101 |
| Lost growth on money paid in costs | $0 | $32 | $113 |
| Total costs | $208 | $675 | $1,215 |
| Value after costs | $10,292 | $10,902 | $11,548 |
| Impact on return, per year | 2.08% | 2.08% | 2.08% |
FAKSX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending July 31, 2019.
- Explicit cost rate (commissions ÷ average net assets): 0.1812%
- Total broker commissions: $13K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 57%
- Securities lending: none during the year
FAKSX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| BMO NESBITT BURNS CORP. | $4K | 26.76% |
| MORGAN STANLEY & CO. INC. | $3K | 25.01% |
| RBC DAIN RAUSCHER INC. | $2K | 18.41% |
| NATIONAL FINANCIAL SERVICES LLC | $2K | 14.63% |
| BLAIR, WILLIAM, & COMPANY, LLC | $929 | 6.90% |
| SANFORD C. BERNSTEIN & CO., INC. | $572 | 4.25% |
| RAYMOND JAMES & ASSOCIATES INC. | $541 | 4.02% |
| SUNTRUST CAPITAL MARKETS INC. | $4 | 0.03% |
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.