FBPEX Fees and Costs — Cantor FBP Equity & Dividend Plus Fund
Data updated: 2023-08-21
The net expense ratio is 1.12%: a 0.70% management fee plus 0.53% other expenses, less a 0.11% fee waiver. There are no sales loads or redemption fees. In fiscal 2023 the fund paid $16K in broker commissions, 0.0523% of average net assets, and portfolio turnover was 16%.
FBPEX Fees and Expenses
Annual operating expenses and sales charges of FBPEX. Prospectus, as of July 31, 2022.
| Annual operating expenses | |
|---|---|
| Management fee | 0.70% |
| 12b-1 fee | — |
| Other expenses | 0.53% |
| Gross expense ratio | 1.23% |
| Fee waiver | −0.11% |
| Net expense ratio | 1.12% |
| 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 |
FBPEX Costs Over Time
On $10,000 invested in FBPEX, assuming 5% a year before costs, total costs come to $731 over 5 years, cutting the return by 1.23% 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 1.12%) | $118 | $366 | $634 |
| Trading costs (broker commissions) | $5 | $17 | $30 |
| Lost growth on money paid in costs | $0 | $19 | $67 |
| Total costs | $123 | $402 | $731 |
| Value after costs | $10,377 | $11,174 | $12,032 |
| Impact on return, per year | 1.23% | 1.23% | 1.23% |
FBPEX 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): 0.0523%
- Total broker commissions: $16K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 16%
- Securities lending: none during the year
FBPEX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| SANFORD C. BERNSTEIN AND CO. LLC | $9K | 57.74% |
| MORGAN STANLEY AND CO., LLC | $5K | 28.22% |
| J.P. MORGAN SECURITIES LLC | $2K | 14.05% |
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 Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date.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.