OFSIX Fees and Costs — OShaughnessy Small Cap Value Fund, Class I
Data updated: 2020-10-13
The net expense ratio is 0.99%: a 0.80% management fee plus 0.99% other expenses, less a 0.80% fee waiver. There are no sales loads or redemption fees. In fiscal 2020 the fund paid $48K in broker commissions, and portfolio turnover was 75%.
OFSIX Fees and Expenses
Annual operating expenses and sales charges of OFSIX. Prospectus, as of November 30, 2019.
| Annual operating expenses | |
|---|---|
| Management fee | 0.80% |
| 12b-1 fee | — |
| Other expenses | 0.99% |
| Gross expense ratio | 1.79% |
| Fee waiver | −0.80% |
| Net expense ratio | 0.99% |
| 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 |
OFSIX Costs Over Time
On $10,000 invested in OFSIX, assuming 5% a year before costs, total costs come to $619 over 5 years, cutting the return by 1.04% 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 0.99%) | $104 | $324 | $563 |
| Lost growth on money paid in costs | $0 | $16 | $57 |
| Total costs | $104 | $340 | $619 |
| Value after costs | $10,396 | $11,236 | $12,143 |
| Impact on return, per year | 1.04% | 1.04% | 1.04% |
OFSIX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending July 31, 2020.
- Explicit cost rate (commissions ÷ average net assets): —
- Total broker commissions: $48K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 75%
- Securities lending: none during the year
OFSIX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Pershing LLC | $11K | 25.80% |
| VIRTU FINANCIAL CAPITAL MARKETS LLC | $6K | 13.77% |
| Ladenburg Thalman and Co. Inc. | $5K | 11.65% |
| Piper Jaffray and Co. | $5K | 11.33% |
| Maxim Financial Corp. | $5K | 10.67% |
| Raymond James and Associations Inc. | $4K | 8.80% |
| BTIG, LLC | $3K | 7.36% |
| Goldman Sachs and Co. LLC | $2K | 4.90% |
| Barclay Investments LLC | $1K | 3.17% |
| NATIONAL FINANCIAL SERVICES LLC | $1K | 2.55% |
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.