ICMCX Fees and Costs — Intrepid Disciplined Value Fund, Investor Class
Data updated: 2021-12-09
The net expense ratio is 1.32% (1.65% before fee waivers). This share class carries a redemption fee of 2.00%. In fiscal 2021 the fund paid $957 in broker commissions, 0.0053% of average net assets, and portfolio turnover was 98%.
ICMCX Fees and Expenses
Annual operating expenses and sales charges of ICMCX. Prospectus, as of January 31, 2020.
| Annual operating expenses | |
|---|---|
| Management fee | 1.00% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.38% |
| Gross expense ratio | 1.65% |
| Fee waiver | −0.33% |
| Net expense ratio | 1.32% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| Max deferred load | 0.00% |
| 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 |
ICMCX Costs Over Time
On $10,000 invested in ICMCX, assuming 5% a year before costs, total costs come to $824 over 5 years, cutting the return by 1.39% 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 1.32%) | $139 | $431 | $745 |
| Trading costs (broker commissions) | $1 | $2 | $3 |
| Lost growth on money paid in costs | $0 | $21 | $76 |
| Total costs | $139 | $454 | $824 |
| Value after costs | $10,361 | $11,122 | $11,939 |
| Impact on return, per year | 1.39% | 1.39% | 1.39% |
ICMCX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending September 30, 2021.
- Explicit cost rate (commissions ÷ average net assets): 0.0053%
- Total broker commissions: $957
- Bought from dealers (principal trades, not a cost): $6.2M
- Portfolio turnover (prospectus): 98%
- Securities lending: none during the year
ICMCX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| JONESTRADING INSTITUTIONAL SERVICES LLC | $957 | 100.00% |
ICMCX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| U.S. Bancorp Investments, Inc. | $6.2M | 100.00% |
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 Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date.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.