FSNHX Fees and Costs — Silk Invest New Horizons Frontier Fund, Institutional Class Shares
Data updated: 2024-05-30
The net expense ratio is 2.05% (3.07% before fee waivers). This share class carries a redemption fee of 2.00%. In fiscal 2023 the fund paid $17K in broker commissions, 0.1175% of average net assets, and portfolio turnover was 27%.
FSNHX Fees and Expenses
Annual operating expenses and sales charges of FSNHX. Prospectus, as of October 31, 2023.
| Annual operating expenses | |
|---|---|
| Management fee | 1.00% |
| 12b-1 fee | — |
| Other expenses | 2.04% |
| Gross expense ratio | 3.07% |
| Fee waiver | −1.02% |
| Net expense ratio | 2.05% |
| 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 |
FSNHX Costs Over Time
On $10,000 invested in FSNHX, assuming 5% a year before costs, total costs come to $1,324 over 5 years, cutting the return by 2.28% 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 2.05%) | $215 | $664 | $1,137 |
| Trading costs (broker commissions) | $12 | $38 | $65 |
| Lost growth on money paid in costs | $0 | $35 | $123 |
| Total costs | $228 | $737 | $1,324 |
| Value after costs | $10,272 | $10,840 | $11,438 |
| Impact on return, per year | 2.28% | 2.28% | 2.28% |
FSNHX 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): 0.1175%
- Total broker commissions: $17K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 27%
- Securities lending: none during the year
FSNHX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| EFG Hermes Holding SAE | $14K | 81.32% |
| SAIGON SECURITIES INC | $2K | 13.23% |
| CI CAPITAL | $697 | 4.07% |
| AKD Securities Limited | $236 | 1.38% |
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 Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date.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.