FBPBX Fees and Costs — Cantor FBP Appreciation & Income Opportunities Fund
Data updated: 2023-08-21
The net expense ratio is 1.07% (1.16% before fee waivers). There are no sales loads or redemption fees. In fiscal 2023 the fund paid $9K in broker commissions, 0.0276% of average net assets, and portfolio turnover was 10%.
FBPBX Fees and Expenses
Annual operating expenses and sales charges of FBPBX. Prospectus, as of July 31, 2022.
| Annual operating expenses | |
|---|---|
| Management fee | 0.70% |
| 12b-1 fee | — |
| Other expenses | 0.44% |
| Gross expense ratio | 1.16% |
| Fee waiver | −0.09% |
| Net expense ratio | 1.07% |
| 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 |
FBPBX Costs Over Time
On $10,000 invested in FBPBX, assuming 5% a year before costs, total costs come to $685 over 5 years, cutting the return by 1.15% 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 1.07%) | $112 | $350 | $607 |
| Trading costs (broker commissions) | $3 | $9 | $16 |
| Lost growth on money paid in costs | $0 | $18 | $63 |
| Total costs | $115 | $377 | $685 |
| Value after costs | $10,385 | $11,199 | $12,078 |
| Impact on return, per year | 1.15% | 1.15% | 1.15% |
FBPBX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending March 31, 2023.
- Explicit cost rate (commissions ÷ average net assets): 0.0276%
- Total broker commissions: $9K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 10%
- Securities lending: none during the year
FBPBX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| MORGAN STANLEY and CO., LLC | $4K | 42.78% |
| SANFORD C. BERNSTEIN and CO. LLC | $3K | 31.07% |
| J.P. MORGAN SECURITIES LLC | $2K | 26.14% |
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 Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date.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.