NSIVX Fees and Costs — North Square Altrinsic International Equity Fund, Class I
Data updated: 2026-09-25
The net expense ratio is 0.97%: a 0.80% management fee plus 0.34% other expenses, less a 0.17% fee waiver. There are no sales loads or redemption fees. In fiscal 2026 the fund paid $101K in broker commissions, 0.1090% of average net assets, and portfolio turnover was 31%.
NSIVX Fees and Expenses
Annual operating expenses and sales charges of NSIVX. Prospectus, as of September 25, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.80% |
| 12b-1 fee | — |
| Other expenses | 0.34% |
| Gross expense ratio | 1.14% |
| Fee waiver | −0.17% |
| Net expense ratio | 0.97% |
| 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 |
NSIVX Costs Over Time
On $10,000 invested in NSIVX, assuming 5% a year before costs, total costs come to $674 over 5 years, cutting the return by 1.13% 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 0.97%) | $102 | $318 | $550 |
| Trading costs (broker commissions) | $11 | $36 | $62 |
| Lost growth on money paid in costs | $0 | $17 | $62 |
| Total costs | $113 | $371 | $674 |
| Value after costs | $10,387 | $11,206 | $12,089 |
| Impact on return, per year | 1.13% | 1.13% | 1.13% |
NSIVX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending May 31, 2026.
- Explicit cost rate (commissions ÷ average net assets): 0.1090%
- Total broker commissions: $101K
- Bought from dealers (principal trades, not a cost): $399K
- Portfolio turnover (prospectus): 31%
- Securities lending: none during the year
NSIVX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| J.P. MORGAN SECURITIES LLC | $12K | 15.43% |
| UBS SECURITIES LLC | $12K | 15.01% |
| MERRILL LYNCH PIERCE FENNER & SMITH | $8K | 9.47% |
| MORGAN STANLEY & CO LLC | $8K | 9.35% |
| REDBURN LLC | $7K | 9.28% |
| JEFFERIES LLC | $7K | 8.86% |
| SANFORD C BERNSTEIN & CO LLC | $7K | 8.58% |
| BARCLAYS CAPITAL INC | $7K | 8.28% |
| BNP PARIBAS SECURTY CORP | $7K | 8.15% |
| GOLDMAN SACHS & CO | $6K | 7.59% |
NSIVX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| UBS SECURITIES LLC | $399K | 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.