FLEIX Fees and Costs — CLS Flexible Income Fund, Class T
Data updated: 2021-12-29
The net expense ratio is 1.07%. There are no sales loads or redemption fees. In fiscal 2021 the fund paid $19K in broker commissions, 0.0097% of average net assets, and portfolio turnover was 34%.
FLEIX Fees and Expenses
Annual operating expenses and sales charges of FLEIX. Prospectus, as of August 31, 2021.
| Annual operating expenses | |
|---|---|
| Management fee | 0.40% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.34% |
| Gross expense ratio | 1.07% |
| Fee waiver | — |
| Net expense ratio | 1.07% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | No |
| Waived fees subject to recoupment | No |
FLEIX Costs Over Time
On $10,000 invested in FLEIX, assuming 5% a year before costs, total costs come to $674 over 5 years, cutting the return by 1.13% 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 1.07%) | $112 | $350 | $607 |
| Trading costs (broker commissions) | $1 | $3 | $6 |
| Lost growth on money paid in costs | $0 | $18 | $62 |
| Total costs | $113 | $371 | $674 |
| Value after costs | $10,387 | $11,205 | $12,089 |
| Impact on return, per year | 1.13% | 1.13% | 1.13% |
FLEIX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending April 30, 2021.
- Explicit cost rate (commissions ÷ average net assets): 0.0097%
- Total broker commissions: $19K
- Bought from dealers (principal trades, not a cost): $13.0M
- Portfolio turnover (prospectus): 34%
- Securities on loan, average value: $38.0M
- Net income from securities lending: $482K (0.251% of average net assets)
FLEIX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| JP Morgan Chase | $18K | 95.84% |
| WALLACHBETH | $772 | 4.16% |
FLEIX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| CITADEL SECURITIES LLC | $9.7M | 74.56% |
| JANE STREET EXECUTION SERVICES, LLC | $2.0M | 15.46% |
| KNIGHT CAPITAL GROUP | $1.3M | 9.98% |
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.