FBRWX Fees and Costs — Friess Brandywine Fund, Institutional Class
Data updated: 2022-05-24
The net expense ratio is 1.00% (4.99% before fee waivers). There are no sales loads or redemption fees. In fiscal 2021 the fund paid $12K in broker commissions, 0.1923% of average net assets, and portfolio turnover was 94%.
FBRWX Fees and Expenses
Annual operating expenses and sales charges of FBRWX. Prospectus, as of April 30, 2022.
| Annual operating expenses | |
|---|---|
| Management fee | 0.75% |
| 12b-1 fee | 0.00% |
| Other expenses | 4.09% |
| Gross expense ratio | 4.99% |
| Fee waiver | −3.99% |
| Net expense ratio | 1.00% |
| 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 |
FBRWX Costs Over Time
On $10,000 invested in FBRWX, assuming 5% a year before costs, total costs come to $743 over 5 years, cutting the return by 1.25% 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 1.00%) | $105 | $327 | $566 |
| Trading costs (broker commissions) | $20 | $63 | $109 |
| Lost growth on money paid in costs | $0 | $19 | $68 |
| Total costs | $125 | $409 | $743 |
| Value after costs | $10,375 | $11,167 | $12,020 |
| Impact on return, per year | 1.25% | 1.25% | 1.25% |
FBRWX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending December 31, 2021.
- Explicit cost rate (commissions ÷ average net assets): 0.1923%
- Total broker commissions: $12K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 94%
- Securities lending: none during the year
FBRWX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Tourmaline Partners LLC | $12K | 100.00% |
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 Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date.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.