KCESX Fees and Costs — Knights of Columbus Long/Short Equity Fund, Class S
Data updated: 2026-09-29
The net expense ratio is 2.18%. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $276K in broker commissions, 0.1771% of average net assets, and portfolio turnover was 110%.
KCESX Fees and Expenses
Annual operating expenses and sales charges of KCESX. Prospectus, as of March 1, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 1.25% |
| 12b-1 fee | — |
| Other expenses | 0.88% |
| Gross expense ratio | 2.18% |
| Fee waiver | — |
| Net expense ratio | 2.18% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | Yes |
KCESX Costs Over Time
On $10,000 invested in KCESX, assuming 5% a year before costs, total costs come to $1,435 over 5 years, cutting the return by 2.47% 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 2.18%) | $229 | $704 | $1,204 |
| Trading costs (broker commissions) | $19 | $57 | $98 |
| Lost growth on money paid in costs | $0 | $38 | $133 |
| Total costs | $247 | $799 | $1,435 |
| Value after costs | $10,253 | $10,777 | $11,328 |
| Impact on return, per year | 2.47% | 2.47% | 2.47% |
KCESX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending October 31, 2025.
- Explicit cost rate (commissions ÷ average net assets): 0.1771%
- Total broker commissions: $276K
- Bought from dealers (principal trades, not a cost): $1.9M
- Portfolio turnover (prospectus): 110%
- Securities lending: none during the year
KCESX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| WELLS FARGO | $276K | 100.00% |
KCESX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| WELLS FARGO | $1.9M | 100.00% |
Knights of Columbus Long/Short Equity Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| KCEIX | I Shares | 1.98% | — |
| KCEVX | Investor Shares | 2.15% | — |
| KCESX | Class S | 2.18% | — |
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.