LSEIX Fees and Costs — Persimmon Long/Short Fund, Class I
Data updated: 2026-08-26
The net expense ratio is 1.99%: a 1.25% management fee plus 0.88% other expenses, less a 0.14% fee waiver. This share class carries a redemption fee of 1.00%. In fiscal 2025 the fund paid $8K in broker commissions, 0.0184% of average net assets, and portfolio turnover was 509%.
LSEIX Fees and Expenses
Annual operating expenses and sales charges of LSEIX. Prospectus, as of April 30, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 1.25% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.88% |
| Gross expense ratio | 2.13% |
| Fee waiver | −0.14% |
| Net expense ratio | 1.99% |
| 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 | No |
| Waived fees subject to recoupment | Yes |
LSEIX Costs Over Time
On $10,000 invested in LSEIX, assuming 5% a year before costs, total costs come to $1,231 over 5 years, cutting the return by 2.11% 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 1.99%) | $209 | $645 | $1,107 |
| Trading costs (broker commissions) | $2 | $6 | $10 |
| Lost growth on money paid in costs | $0 | $32 | $114 |
| Total costs | $211 | $684 | $1,231 |
| Value after costs | $10,289 | $10,893 | $11,532 |
| Impact on return, per year | 2.11% | 2.11% | 2.11% |
LSEIX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending September 30, 2025.
- Explicit cost rate (commissions ÷ average net assets): 0.0184%
- Total broker commissions: $8K
- Bought from dealers (principal trades, not a cost): $38K
- Portfolio turnover (prospectus): 509%
- Securities lending: none during the year
LSEIX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Interactive Brokers | $8K | 100.00% |
LSEIX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Interactive Brokers | $38K | 100.00% |
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 Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date.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.