JSSAX Fees and Costs — Jackson Square International Growth Fund, Investor Class
Data updated: 2023-01-17
The net expense ratio is 1.34% (2.48% before fee waivers). There are no sales loads or redemption fees. Portfolio turnover was 80%.
JSSAX Fees and Expenses
Annual operating expenses and sales charges of JSSAX. Prospectus, as of February 28, 2022.
| Annual operating expenses | |
|---|---|
| Management fee | 0.80% |
| 12b-1 fee | 0.25% |
| Other expenses | 1.33% |
| Gross expense ratio | 2.48% |
| Fee waiver | −1.14% |
| Net expense ratio | 1.34% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | No |
| Fees waived or reduced during the year | No |
| Waived fees subject to recoupment | No |
JSSAX Costs Over Time
On $10,000 invested in JSSAX, assuming 5% a year before costs, total costs come to $832 over 5 years, cutting the return by 1.41% 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 1.34%) | $141 | $437 | $756 |
| Lost growth on money paid in costs | $0 | $22 | $77 |
| Total costs | $141 | $459 | $832 |
| Value after costs | $10,359 | $11,117 | $11,930 |
| Impact on return, per year | 1.41% | 1.41% | 1.41% |
JSSAX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending October 31, 2022.
- Explicit cost rate (commissions ÷ average net assets): —
- Total broker commissions: —
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 80%
- Securities lending: none during the year
JSSAX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| J.P. Morgan Securities LLC | $5K | 36.98% |
| Morgan Stanley & Co. Inc. | $4K | 30.19% |
| Merrill Lynch Inc. | $2K | 13.03% |
| UBS Financial Services Inc. | $2K | 12.17% |
| Sanford C. Bernstein & Co. LLC | $809 | 5.48% |
| Barclay Investments Ltd. | $182 | 1.23% |
| ISI Group, Inc. | $109 | 0.74% |
| William Blair & Company LLC | $23 | 0.16% |
| Liquidnet Ltd. | $3 | 0.02% |
| Instinet Clearing Service, Inc. | $1 | 0.01% |
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 Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date.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.