JAGGX Fees and Costs — Jaguar Global Property Fund, Institutional Shares
Data updated: 2021-04-08
The net expense ratio is 0.90%: a 0.75% management fee plus 2.22% other expenses, less a 2.07% fee waiver. This share class carries a redemption fee of 1.50%. In fiscal 2021 the fund paid $18K in broker commissions, 0.2387% of average net assets, and portfolio turnover was 44%.
JAGGX Fees and Expenses
Annual operating expenses and sales charges of JAGGX. Prospectus, as of June 30, 2020.
| Annual operating expenses | |
|---|---|
| Management fee | 0.75% |
| 12b-1 fee | 0.00% |
| Other expenses | 2.22% |
| Gross expense ratio | 2.97% |
| Fee waiver | −2.07% |
| Net expense ratio | 0.90% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | 1.50% |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | Yes |
JAGGX Costs Over Time
On $10,000 invested in JAGGX, assuming 5% a year before costs, total costs come to $710 over 5 years, cutting the return by 1.20% 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 0.90%) | $94 | $294 | $510 |
| Trading costs (broker commissions) | $25 | $78 | $135 |
| Lost growth on money paid in costs | $0 | $18 | $65 |
| Total costs | $120 | $391 | $710 |
| Value after costs | $10,380 | $11,185 | $12,053 |
| Impact on return, per year | 1.20% | 1.20% | 1.20% |
JAGGX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending February 28, 2021.
- Explicit cost rate (commissions ÷ average net assets): 0.2387%
- Total broker commissions: $18K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 44%
- Securities lending: none during the year
JAGGX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| RAYMOND JAMES & ASSOCIATES, INC. | $6K | 31.09% |
| CITIGROUP GLOBAL MARKETS INC. | $5K | 26.84% |
| KEMPEN & CO. | $2K | 13.36% |
| INSTINET, LLC | $1K | 8.01% |
| DBS VICKERS SECURITIES | $1K | 6.63% |
| J.P. MORGAN SECURITIES LLC | $1K | 5.80% |
| NUMIS SECURITIES | $1K | 5.46% |
| ABG SUNDAL COLLIER INC. | $234 | 1.27% |
| PEEL HUNT LLP | $194 | 1.06% |
| KEYBANC CAPITAL MARKETS | $90 | 0.49% |
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.