FMGEX Fees and Costs — Frontier MFG Global Equity Fund, Institutional Class
Data updated: 2024-05-24
The net expense ratio is 0.80%: a 0.80% management fee plus 0.14% other expenses, less a 0.14% fee waiver. This share class carries a redemption fee of 2.00%. In fiscal 2023 the fund paid $66K in broker commissions, 0.0297% of average net assets, and portfolio turnover was 39%.
FMGEX Fees and Expenses
Annual operating expenses and sales charges of FMGEX. Prospectus, as of October 31, 2023.
| Annual operating expenses | |
|---|---|
| Management fee | 0.80% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.14% |
| Gross expense ratio | 0.94% |
| Fee waiver | −0.14% |
| Net expense ratio | 0.80% |
| 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 |
FMGEX Costs Over Time
On $10,000 invested in FMGEX, assuming 5% a year before costs, total costs come to $521 over 5 years, cutting the return by 0.87% 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 0.80%) | $84 | $263 | $456 |
| Trading costs (broker commissions) | $3 | $10 | $17 |
| Lost growth on money paid in costs | $0 | $13 | $48 |
| Total costs | $87 | $286 | $521 |
| Value after costs | $10,413 | $11,290 | $12,242 |
| Impact on return, per year | 0.87% | 0.87% | 0.87% |
FMGEX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending June 30, 2023.
- Explicit cost rate (commissions ÷ average net assets): 0.0297%
- Total broker commissions: $66K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 39%
- Securities lending: none during the year
FMGEX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Goldman Sachs & Co LLC | $18K | 27.03% |
| UBS Financial Services, Inc | $10K | 14.70% |
| JP Morgan Securities LLC | $8K | 12.03% |
| ITG Inc | $7K | 10.89% |
| Citigroup Global Markets Inc | $6K | 9.21% |
| Credit Suisse Securities USA LLC | $5K | 7.44% |
| Sanford C Bernstein & Co LLC | $5K | 6.91% |
| Morgan Stanley & Co LLC | $4K | 6.77% |
| Merrill Lynch Pierce Fenner & Smith Inc | $3K | 4.59% |
| Macquarie Capital USA Inc | $296 | 0.45% |
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.