FIKSX Fees and Costs — Frost Mid Cap Equity Fund, Institutional Class
Data updated: 2020-03-30
The net expense ratio is 1.55%: a 0.50% management fee plus 1.81% other expenses, less a 0.76% fee waiver. There are no sales loads or redemption fees. In fiscal 2019 the fund paid $13K in broker commissions, 0.1812% of average net assets, and portfolio turnover was 57%.
FIKSX Fees and Expenses
Annual operating expenses and sales charges of FIKSX. Prospectus, as of November 30, 2019.
| Annual operating expenses | |
|---|---|
| Management fee | 0.50% |
| 12b-1 fee | 0.00% |
| Other expenses | 1.81% |
| Gross expense ratio | 2.31% |
| Fee waiver | −0.76% |
| Net expense ratio | 1.55% |
| 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 |
FIKSX Costs Over Time
On $10,000 invested in FIKSX, assuming 5% a year before costs, total costs come to $1,067 over 5 years, cutting the return by 1.82% 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 1.55%) | $163 | $504 | $867 |
| Trading costs (broker commissions) | $19 | $59 | $101 |
| Lost growth on money paid in costs | $0 | $28 | $99 |
| Total costs | $182 | $591 | $1,067 |
| Value after costs | $10,318 | $10,985 | $11,696 |
| Impact on return, per year | 1.82% | 1.82% | 1.82% |
FIKSX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending July 31, 2019.
- Explicit cost rate (commissions ÷ average net assets): 0.1812%
- Total broker commissions: $13K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 57%
- Securities lending: none during the year
FIKSX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| BMO NESBITT BURNS CORP. | $4K | 26.76% |
| MORGAN STANLEY & CO. INC. | $3K | 25.01% |
| RBC DAIN RAUSCHER INC. | $2K | 18.41% |
| NATIONAL FINANCIAL SERVICES LLC | $2K | 14.63% |
| BLAIR, WILLIAM, & COMPANY, LLC | $929 | 6.90% |
| SANFORD C. BERNSTEIN & CO., INC. | $572 | 4.25% |
| RAYMOND JAMES & ASSOCIATES INC. | $541 | 4.02% |
| SUNTRUST CAPITAL MARKETS INC. | $4 | 0.03% |
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.