ORDNX Fees and Costs — North Square Preferred and Income Securities Fund, Class I
Data updated: 2026-09-25
The net expense ratio is 0.98%: a 0.75% management fee plus 0.25% other expenses, less a 0.03% fee waiver. There are no sales loads or redemption fees. In fiscal 2026 the fund paid $4K in broker commissions, 0.0012% of average net assets, and portfolio turnover was 72%.
ORDNX Fees and Expenses
Annual operating expenses and sales charges of ORDNX. Prospectus, as of September 25, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.75% |
| 12b-1 fee | — |
| Other expenses | 0.25% |
| Gross expense ratio | 1.01% |
| Fee waiver | −0.03% |
| Net expense ratio | 0.98% |
| 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 |
ORDNX Costs Over Time
On $10,000 invested in ORDNX, assuming 5% a year before costs, total costs come to $614 over 5 years, cutting the return by 1.03% 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 0.98%) | $103 | $321 | $557 |
| Trading costs (broker commissions) | $0 | $0 | $1 |
| Lost growth on money paid in costs | $0 | $16 | $56 |
| Total costs | $103 | $337 | $614 |
| Value after costs | $10,397 | $11,239 | $12,149 |
| Impact on return, per year | 1.03% | 1.03% | 1.03% |
ORDNX 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): 0.0012%
- Total broker commissions: $4K
- Bought from dealers (principal trades, not a cost): $427.6M
- Portfolio turnover (prospectus): 72%
- Securities lending: none during the year
ORDNX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| RAYMOND JAMES & ASSOCIATES, INC. | $4K | 88.23% |
| COWEN & COMPANY LLC | $500 | 11.77% |
ORDNX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| UBS SECURITIES LLC | $149.4M | 34.93% |
| BNP PARIBAS SECURITIES CORP. | $65.8M | 15.38% |
| RBC CAPITAL MARKETS, LLC | $42.4M | 9.91% |
| MIZUHO SECURITIES USA LLC | $41.8M | 9.78% |
| J.P. MORGAN SECURITIES LLC | $30.2M | 7.06% |
| SMBC NIKKO SECURITIES AMERICA INC | $23.4M | 5.48% |
| WELLS FARGO SECURITIES LLC | $22.9M | 5.36% |
| GOLDMAN SACHS & CO | $18.7M | 4.38% |
| MORGAN STANLEY & CO. INC. | $16.8M | 3.93% |
| COWEN AND COMPANY LLC | $16.3M | 3.80% |
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.