FSVRX Fees and Costs — Clifford Capital Focused Small Cap Value Fund, Investor Class
Data updated: 2024-12-13
The net expense ratio is 1.30% (3.18% before fee waivers). This share class carries a redemption fee of 2.00%. In fiscal 2024 the fund paid $9K in broker commissions, 0.1128% of average net assets, and portfolio turnover was 34%.
FSVRX Fees and Expenses
Annual operating expenses and sales charges of FSVRX. Prospectus, as of January 31, 2024.
| Annual operating expenses | |
|---|---|
| Management fee | 0.90% |
| 12b-1 fee | — |
| Other expenses | — |
| Gross expense ratio | 3.18% |
| Fee waiver | −1.88% |
| Net expense ratio | 1.30% |
| 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 |
FSVRX Costs Over Time
On $10,000 invested in FSVRX, assuming 5% a year before costs, total costs come to $876 over 5 years, cutting the return by 1.48% 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 1.30%) | $136 | $424 | $732 |
| Trading costs (broker commissions) | $12 | $37 | $64 |
| Lost growth on money paid in costs | $0 | $23 | $81 |
| Total costs | $148 | $484 | $876 |
| Value after costs | $10,352 | $11,093 | $11,886 |
| Impact on return, per year | 1.48% | 1.48% | 1.48% |
FSVRX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending September 30, 2024.
- Explicit cost rate (commissions ÷ average net assets): 0.1128%
- Total broker commissions: $9K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 34%
- Securities lending: none during the year
FSVRX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Pennhaven Brokerage Partners, LLC | $4K | 51.67% |
| Loop Capital Markets LLC | $3K | 38.16% |
| Jonestrading | $877 | 10.18% |
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 Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date.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.