FCESX Fees and Costs — Frontier Caravan Emerging Markets Fund, Service Class
Data updated: 2020-11-25
The net expense ratio is 0.97% (2.20% before fee waivers). This share class carries a redemption fee of 2.00%. In fiscal 2020 the fund paid $31K in broker commissions, 0.1666% of average net assets, and portfolio turnover was 24%.
FCESX Fees and Expenses
Annual operating expenses and sales charges of FCESX. Prospectus, as of June 30, 2020.
| Annual operating expenses | |
|---|---|
| Management fee | 0.70% |
| 12b-1 fee | 0.00% |
| Other expenses | 1.48% |
| Gross expense ratio | 2.20% |
| Fee waiver | −1.23% |
| Net expense ratio | 0.97% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | 2.00% |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | Yes |
FCESX Costs Over Time
On $10,000 invested in FCESX, assuming 5% a year before costs, total costs come to $709 over 5 years, cutting the return by 1.19% 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 0.97%) | $102 | $317 | $550 |
| Trading costs (broker commissions) | $17 | $55 | $94 |
| Lost growth on money paid in costs | $0 | $18 | $65 |
| Total costs | $119 | $390 | $709 |
| Value after costs | $10,381 | $11,186 | $12,054 |
| Impact on return, per year | 1.19% | 1.19% | 1.19% |
FCESX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending June 30, 2020.
- Explicit cost rate (commissions ÷ average net assets): 0.1666%
- Total broker commissions: $31K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 24%
- Securities lending: none during the year
FCESX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Ho Chi Minh City Securities Corporation | $2K | 77.45% |
| KGI Securities Co. Ltd | $597 | 22.55% |
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 Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date.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.