LDPCX Fees and Costs — Leland Thomson Reuters Private Equity Index Fund, Class C
Data updated: 2020-12-14
The net expense ratio is 2.51%: a 1.25% management fee, a 1.00% 12b-1 fee plus 0.55% other expenses, less a 0.30% fee waiver. This share class carries a redemption fee of 1.00%. In fiscal 2020 the fund paid $3K in broker commissions, 0.0165% of average net assets, and portfolio turnover was 72%.
LDPCX Fees and Expenses
Annual operating expenses and sales charges of LDPCX. Prospectus, as of February 29, 2020.
| Annual operating expenses | |
|---|---|
| Management fee | 1.25% |
| 12b-1 fee | 1.00% |
| Other expenses | 0.55% |
| Gross expense ratio | 2.81% |
| Fee waiver | −0.30% |
| Net expense ratio | 2.51% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| Max deferred load | 0.00% |
| Redemption fee | 1.00% |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | Yes |
LDPCX Costs Over Time
On $10,000 invested in LDPCX, assuming 5% a year before costs, total costs come to $1,533 over 5 years, cutting the return by 2.65% 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 2.51%) | $264 | $809 | $1,381 |
| Trading costs (broker commissions) | $2 | $5 | $9 |
| Lost growth on money paid in costs | $0 | $41 | $143 |
| Total costs | $265 | $855 | $1,533 |
| Value after costs | $10,235 | $10,721 | $11,230 |
| Impact on return, per year | 2.65% | 2.65% | 2.65% |
LDPCX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending September 30, 2020.
- Explicit cost rate (commissions ÷ average net assets): 0.0165%
- Total broker commissions: $3K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 72%
- Securities lending: none during the year
LDPCX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Wolverine Trading LLC | $3K | 99.94% |
| Wexford Clearing Services LLC | $2 | 0.06% |
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 Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date.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.