IDVIX Fees and Costs — Copeland International Risk Managed Dividend Growth Fund, Class I
Data updated: 2020-10-29
The net expense ratio is 1.45% (2.16% before fee waivers). This share class carries a redemption fee of 1.00%. In fiscal 2019 the fund paid $44K in broker commissions, 0.2434% of average net assets, and portfolio turnover was 147%.
IDVIX Fees and Expenses
Annual operating expenses and sales charges of IDVIX. Prospectus, as of March 31, 2020.
| Annual operating expenses | |
|---|---|
| Management fee | 1.10% |
| 12b-1 fee | 0.00% |
| Other expenses | 1.08% |
| Gross expense ratio | 2.16% |
| Fee waiver | −0.71% |
| Net expense ratio | 1.45% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| Max deferred load | 0.00% |
| 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 |
IDVIX Costs Over Time
On $10,000 invested in IDVIX, assuming 5% a year before costs, total costs come to $1,045 over 5 years, cutting the return by 1.78% 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 1.45%) | $152 | $472 | $812 |
| Trading costs (broker commissions) | $26 | $79 | $136 |
| Lost growth on money paid in costs | $0 | $27 | $96 |
| Total costs | $178 | $578 | $1,045 |
| Value after costs | $10,322 | $10,998 | $11,718 |
| Impact on return, per year | 1.78% | 1.78% | 1.78% |
IDVIX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending November 30, 2019.
- Explicit cost rate (commissions ÷ average net assets): 0.2434%
- Total broker commissions: $44K
- Bought from dealers (principal trades, not a cost): $33.0M
- Portfolio turnover (prospectus): 147%
- Securities lending: none during the year
IDVIX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Societe General Securities Services | $14K | 32.31% |
| Exane, Inc. | $10K | 22.42% |
| Daiwa Securities | $10K | 22.25% |
| Royal Bank of Canada | $4K | 8.16% |
| Numis Securities Limited | $4K | 7.96% |
| SUMITOMO MITSUI BANKING CORP | $1K | 2.70% |
| JP Morgan Chase | $814 | 1.84% |
| BNP Paribas | $561 | 1.27% |
| Instinet, Inc. | $477 | 1.08% |
IDVIX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Morgan Stanley | $11.6M | 35.32% |
| Goldman Sachs | $9.0M | 27.32% |
| JP Morgan Chase | $7.3M | 22.10% |
| Raymond James | $5.0M | 15.27% |
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.