OCSIX Fees and Costs — Orchard Small Cap Value Fund, Class I
Data updated: 2020-10-29
The net expense ratio is 1.26%: a 1.14% management fee plus 3.27% other expenses, less a 3.16% fee waiver. There are no sales loads or redemption fees. In fiscal 2019 the fund paid $3K in broker commissions, 0.0492% of average net assets, and portfolio turnover was 16%.
OCSIX Fees and Expenses
Annual operating expenses and sales charges of OCSIX. Prospectus, as of March 31, 2020.
| Annual operating expenses | |
|---|---|
| Management fee | 1.14% |
| 12b-1 fee | 0.00% |
| Other expenses | 3.27% |
| Gross expense ratio | 4.42% |
| Fee waiver | −3.16% |
| Net expense ratio | 1.26% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| Max deferred load | 0.00% |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | Yes |
OCSIX Costs Over Time
On $10,000 invested in OCSIX, assuming 5% a year before costs, total costs come to $814 over 5 years, cutting the return by 1.37% 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 1.26%) | $132 | $411 | $711 |
| Trading costs (broker commissions) | $5 | $16 | $28 |
| Lost growth on money paid in costs | $0 | $21 | $75 |
| Total costs | $137 | $449 | $814 |
| Value after costs | $10,363 | $11,128 | $11,949 |
| Impact on return, per year | 1.37% | 1.37% | 1.37% |
OCSIX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending November 30, 2019.
- Explicit cost rate (commissions ÷ average net assets): 0.0492%
- Total broker commissions: $3K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 16%
- Securities lending: none during the year
OCSIX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Fidelity Capital Markets | $3K | 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 Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date.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.