GFFIX Fees and Costs — Gator Financial Fund, Institutional Class
Data updated: 2020-06-03
The net expense ratio is 1.49%: a 0.80% management fee plus 3.86% other expenses, less a 3.17% fee waiver. This share class carries a redemption fee of 1.00%. In fiscal 2020 the fund paid $4K in broker commissions, 0.1157% of average net assets, and portfolio turnover was 54%.
GFFIX Fees and Expenses
Annual operating expenses and sales charges of GFFIX. Prospectus, as of June 30, 2017.
| Annual operating expenses | |
|---|---|
| Management fee | 0.80% |
| 12b-1 fee | 0.00% |
| Other expenses | 3.86% |
| Gross expense ratio | 4.66% |
| Fee waiver | −3.17% |
| Net expense ratio | 1.49% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| Max deferred load | — |
| Redemption fee | 1.00% |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | Yes |
GFFIX Costs Over Time
On $10,000 invested in GFFIX, assuming 5% a year before costs, total costs come to $992 over 5 years, cutting the return by 1.69% 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 1.49%) | $156 | $485 | $836 |
| Trading costs (broker commissions) | $12 | $38 | $65 |
| Lost growth on money paid in costs | $0 | $26 | $92 |
| Total costs | $169 | $549 | $992 |
| Value after costs | $10,331 | $11,028 | $11,771 |
| Impact on return, per year | 1.69% | 1.69% | 1.69% |
GFFIX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending March 31, 2020.
- Explicit cost rate (commissions ÷ average net assets): 0.1157%
- Total broker commissions: $4K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 54%
- Securities lending: none during the year
GFFIX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Jefferies, LLC | $3K | 81.00% |
| Keefe, Bruyette & Woods, Inc | $564 | 14.82% |
| Oppenheimer & Co., Inc. | $87 | 2.29% |
| RBC Capital Markets, LLC | $44 | 1.17% |
| Piper Sandler & Co. | $28 | 0.73% |
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 Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date.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.