FFILX Fees and Costs — FormulaFolios US Equity Fund, Institutional Class Shares
Data updated: 2022-10-28
The net expense ratio is 1.13%: a 0.87% management fee plus 0.38% other expenses, less a 0.13% fee waiver. This share class carries a redemption fee of 1.00%. In fiscal 2021 the fund paid $78K in broker commissions, 0.0562% of average net assets, and portfolio turnover was 338%.
FFILX Fees and Expenses
Annual operating expenses and sales charges of FFILX. Prospectus, as of March 31, 2022.
| Annual operating expenses | |
|---|---|
| Management fee | 0.87% |
| 12b-1 fee | — |
| Other expenses | 0.38% |
| Gross expense ratio | 1.26% |
| Fee waiver | −0.13% |
| Net expense ratio | 1.13% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| Max deferred load | 0.00% |
| Redemption fee | 1.00% |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | Yes |
FFILX Costs Over Time
On $10,000 invested in FFILX, assuming 5% a year before costs, total costs come to $739 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 1.13%) | $119 | $369 | $640 |
| Trading costs (broker commissions) | $6 | $18 | $32 |
| Lost growth on money paid in costs | $0 | $19 | $68 |
| Total costs | $125 | $407 | $739 |
| Value after costs | $10,375 | $11,169 | $12,024 |
| Impact on return, per year | 1.25% | 1.25% | 1.25% |
FFILX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending November 30, 2021.
- Explicit cost rate (commissions ÷ average net assets): 0.0562%
- Total broker commissions: $78K
- Bought from dealers (principal trades, not a cost): $1.1B
- Portfolio turnover (prospectus): 338%
- Securities lending: none during the year
FFILX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Fidelity Capital Markets, Inc | $77K | 99.75% |
| US Bancorp | $193 | 0.25% |
FFILX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Fidelity Capital Markets, Inc | $1.1B | 99.71% |
| US Bancorp | $3.2M | 0.29% |
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.