KCRSX Fees and Costs — Knights of Columbus Real Estate Fund, Class S
Data updated: 2026-09-29
The net expense ratio is 1.20%: a 0.80% management fee plus 0.40% other expenses. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $79K in broker commissions, 0.0535% of average net assets, and portfolio turnover was 70%.
KCRSX Fees and Expenses
Annual operating expenses and sales charges of KCRSX. Prospectus, as of March 1, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.80% |
| 12b-1 fee | — |
| Other expenses | 0.40% |
| Gross expense ratio | 1.20% |
| Fee waiver | — |
| Net expense ratio | 1.20% |
| 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 |
KCRSX Costs Over Time
On $10,000 invested in KCRSX, assuming 5% a year before costs, total costs come to $780 over 5 years, cutting the return by 1.32% 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 1.20%) | $126 | $392 | $678 |
| Trading costs (broker commissions) | $6 | $17 | $30 |
| Lost growth on money paid in costs | $0 | $20 | $72 |
| Total costs | $132 | $430 | $780 |
| Value after costs | $10,368 | $11,146 | $11,983 |
| Impact on return, per year | 1.32% | 1.32% | 1.32% |
KCRSX 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): 0.0535%
- Total broker commissions: $79K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 70%
- Securities lending: none during the year
KCRSX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| CANACCORD CAPITAL CORPORATION/CDS | $15K | 19.13% |
| J P MORGAN CHASE BANK | $13K | 16.20% |
| JONES (OPTIONS) | $11K | 14.46% |
| KEEFE BRUYETTE AND WOODS INC. | $11K | 13.64% |
| GOLDMAN, SACHS & CO. | $9K | 11.47% |
| EXANE, INC. | $7K | 8.67% |
| CITIGROUP | $6K | 7.81% |
| GUGGENHEIM SECURITIES, LLC | $4K | 5.08% |
| LEERINK SWANN AND COMPANY | $3K | 3.47% |
| CANTOR FITZGERALD | $60 | 0.08% |
Knights of Columbus Real Estate Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| KCRIX | I Shares | 1.00% | — |
| KCRSX | Class S | 1.20% | — |
| KCRVX | Investor Shares | 1.45% | — |
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.