FMGPX Fees and Costs — Frontier MFG Global Plus Fund, Institutional Class
Data updated: 2023-05-25
The net expense ratio is 0.80%: a 0.80% management fee plus 0.10% other expenses, less a 0.10% fee waiver. This share class carries a redemption fee of 2.00%. In fiscal 2022 the fund paid $62K in broker commissions, 0.0131% of average net assets, and portfolio turnover was 27%.
FMGPX Fees and Expenses
Annual operating expenses and sales charges of FMGPX. Prospectus, as of June 30, 2022.
| Annual operating expenses | |
|---|---|
| Management fee | 0.80% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.10% |
| Gross expense ratio | 0.90% |
| Fee waiver | −0.10% |
| 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 |
FMGPX Costs Over Time
On $10,000 invested in FMGPX, assuming 5% a year before costs, total costs come to $511 over 5 years, cutting the return by 0.85% 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) | $1 | $4 | $7 |
| Lost growth on money paid in costs | $0 | $13 | $47 |
| Total costs | $85 | $280 | $511 |
| Value after costs | $10,415 | $11,296 | $12,252 |
| Impact on return, per year | 0.85% | 0.85% | 0.85% |
FMGPX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending June 30, 2022.
- Explicit cost rate (commissions ÷ average net assets): 0.0131%
- Total broker commissions: $62K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 27%
- Securities lending: none during the year
FMGPX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Goldman Sachs & Co LLC | $22K | 35.87% |
| Standard Chartered Securities North America LLC | $7K | 12.22% |
| Merrill Lynch Pierce Fenner & Smith Inc | $5K | 8.77% |
| JP Morgan Securities LLC | $5K | 8.16% |
| Morgan Stanley & Co LLC | $4K | 7.26% |
| ITG Inc | $4K | 7.14% |
| Sanford C Bernstein & Co LLC | $4K | 6.99% |
| UBS Asset Management US Inc | $3K | 5.12% |
| Citigroup Global Markets Inc | $3K | 4.48% |
| Credit Suisse Securities USA LLC | $2K | 4.00% |
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.