KPLCX Fees and Costs — KP Large Cap Equity Fund, Institutional Class
Data updated: 2020-11-25
The net expense ratio is 0.30%: a 0.24% management fee plus 0.06% other expenses. There are no sales loads or redemption fees. In fiscal 2019 the fund paid $217K in broker commissions, 0.0075% of average net assets, and portfolio turnover was 45%.
KPLCX Fees and Expenses
Annual operating expenses and sales charges of KPLCX. Prospectus, as of May 31, 2020.
| Annual operating expenses | |
|---|---|
| Management fee | 0.24% |
| 12b-1 fee | — |
| Other expenses | 0.06% |
| Gross expense ratio | 0.30% |
| Fee waiver | — |
| Net expense ratio | 0.30% |
| 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 |
KPLCX Costs Over Time
On $10,000 invested in KPLCX, assuming 5% a year before costs, total costs come to $195 over 5 years, cutting the return by 0.32% 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 0.30%) | $32 | $99 | $173 |
| Trading costs (broker commissions) | $1 | $2 | $4 |
| Lost growth on money paid in costs | $0 | $5 | $18 |
| Total costs | $32 | $106 | $195 |
| Value after costs | $10,468 | $11,470 | $12,568 |
| Impact on return, per year | 0.32% | 0.32% | 0.32% |
KPLCX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending December 31, 2019.
- Explicit cost rate (commissions ÷ average net assets): 0.0075%
- Total broker commissions: $217K
- Bought from dealers (principal trades, not a cost): $4.1M
- Portfolio turnover (prospectus): 45%
- Securities lending: none during the year
KPLCX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| JP MORGAN - OLD BEAR STEARNS | $60K | 34.42% |
| GOLDMAN, SACHS & CO. | $44K | 25.12% |
| MORGAN STANLEY & CO, INC | $25K | 14.60% |
| MERRILL LYNCH, PIERCE, FENNER & SMITH | $12K | 6.80% |
| BARCLAYS CAPITAL INC. | $9K | 5.01% |
| CREDIT SUISSE FIRST BOSTON LLC. | $6K | 3.20% |
| CITICORP SECURITY SERVICES INC. | $5K | 3.02% |
| BMO NESBITT BURNS CORP. | $5K | 2.69% |
| NATIONAL FINANCIAL SERVICES CORPORATION | $4K | 2.59% |
| CITIGROUP GLOBAL MARKETS | $4K | 2.57% |
KPLCX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| GOLDMAN, SACHS & CO. | $2.9M | 70.57% |
| ALLEN & COMPANY, INCORPORATED | $393K | 9.48% |
| JP MORGAN - OLD BEAR STEARNS | $378K | 9.14% |
| US BANCORP INVESTMENTS INC. | $237K | 5.74% |
| MORGAN STANLEY | $210K | 5.07% |
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.