FWSBX Fees and Costs — Oakhurst Short Duration Bond Fund, Institutional Shares
Data updated: 2023-11-07
The net expense ratio is 0.61%: a 0.35% management fee plus 0.42% other expenses, less a 0.17% fee waiver. There are no sales loads or redemption fees. Portfolio turnover was 70%.
FWSBX Fees and Expenses
Annual operating expenses and sales charges of FWSBX. Prospectus, as of December 31, 2022.
| Annual operating expenses | |
|---|---|
| Management fee | 0.35% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.42% |
| Gross expense ratio | 0.78% |
| Fee waiver | −0.17% |
| Net expense ratio | 0.61% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| Max deferred load | 0.00% |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | Yes |
FWSBX Costs Over Time
On $10,000 invested in FWSBX, assuming 5% a year before costs, total costs come to $385 over 5 years, cutting the return by 0.64% 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 0.61%) | $64 | $201 | $349 |
| Lost growth on money paid in costs | $0 | $10 | $35 |
| Total costs | $64 | $211 | $385 |
| Value after costs | $10,436 | $11,366 | $12,378 |
| Impact on return, per year | 0.64% | 0.64% | 0.64% |
FWSBX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending August 31, 2023.
- Explicit cost rate (commissions ÷ average net assets): —
- Total broker commissions: —
- Bought from dealers (principal trades, not a cost): $44.7M
- Portfolio turnover (prospectus): 70%
- Securities lending: none during the year
FWSBX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| MARKETAXESS CORPORATION, INC. | $5.2M | 16.06% |
| Southwest Securities, Inc. | $4.6M | 14.47% |
| BMO Capital Markets Corp. | $4.4M | 13.81% |
| Millennium Advisors, LLC | $3.7M | 11.55% |
| Performance Trust Capital Partners, LLC | $3.1M | 9.70% |
| Citadel Securities Institutional, LLC | $2.9M | 9.12% |
| Goldman, Sachs, & Co. | $2.3M | 7.23% |
| Colliers Securities LLC | $2.3M | 7.12% |
| OPPENHEIMER & CO., INC. | $1.8M | 5.64% |
| Old Mission Markets LLC | $1.7M | 5.29% |
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.