FPVSX Fees and Costs — Frontier Phocas Small Cap Value Fund, Service Class
Data updated: 2020-05-29
The net expense ratio is 1.11%: a 0.85% management fee plus 585.75% other expenses, less a 585.50% fee waiver. There are no sales loads or redemption fees. In fiscal 2019 the fund paid $13K in broker commissions, 0.0425% of average net assets, and portfolio turnover was 40%.
FPVSX Fees and Expenses
Annual operating expenses and sales charges of FPVSX. Prospectus, as of October 31, 2019.
| Annual operating expenses | |
|---|---|
| Management fee | 0.85% |
| 12b-1 fee | 0.00% |
| Other expenses | 585.75% |
| Gross expense ratio | 586.61% |
| Fee waiver | −585.50% |
| Net expense ratio | 1.11% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | 0.00% |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | Yes |
FPVSX Costs Over Time
On $10,000 invested in FPVSX, assuming 5% a year before costs, total costs come to $719 over 5 years, cutting the return by 1.21% 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 1.11%) | $117 | $363 | $629 |
| Trading costs (broker commissions) | $4 | $14 | $24 |
| Lost growth on money paid in costs | $0 | $19 | $66 |
| Total costs | $121 | $396 | $719 |
| Value after costs | $10,379 | $11,181 | $12,044 |
| Impact on return, per year | 1.21% | 1.21% | 1.21% |
FPVSX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending June 30, 2019.
- Explicit cost rate (commissions ÷ average net assets): 0.0425%
- Total broker commissions: $13K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 40%
- Securities lending: none during the year
FPVSX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Citigroup Global Markets Inc. | $4K | 28.35% |
| PENSERRA SECURITIES LLC | $3K | 23.34% |
| WALL STREET ACCESS | $2K | 14.41% |
| SANDLER O'NEILL AND PARTNERS L.P. | $2K | 11.57% |
| RAYMOND JAMES AND ASSOCIATES INC. | $1K | 11.11% |
| SEAPORT GLOBAL SECURITIES LLC | $1K | 10.39% |
| BNY MELLON CAPITAL MARKETS LLC | $112 | 0.83% |
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.