ORIIX Fees and Costs — North Square International Small Cap Fund, Class I
Data updated: 2020-07-27
The net expense ratio is 1.25%: a 1.00% management fee plus 0.74% other expenses, less a 0.49% fee waiver. There are no sales loads or redemption fees. In fiscal 2019 the fund paid $113K in broker commissions, 0.1484% of average net assets, and portfolio turnover was 204%.
ORIIX Fees and Expenses
Annual operating expenses and sales charges of ORIIX. Prospectus, as of September 30, 2019.
| Annual operating expenses | |
|---|---|
| Management fee | 1.00% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.74% |
| Gross expense ratio | 1.74% |
| Fee waiver | −0.49% |
| Net expense ratio | 1.25% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| Max deferred load | 0.00% |
| Redemption fee | 0.00% |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | Yes |
ORIIX Costs Over Time
On $10,000 invested in ORIIX, assuming 5% a year before costs, total costs come to $868 over 5 years, cutting the return by 1.47% 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 1.25%) | $131 | $408 | $704 |
| Trading costs (broker commissions) | $16 | $48 | $84 |
| Lost growth on money paid in costs | $0 | $23 | $80 |
| Total costs | $147 | $479 | $868 |
| Value after costs | $10,353 | $11,097 | $11,895 |
| Impact on return, per year | 1.47% | 1.47% | 1.47% |
ORIIX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending May 31, 2019.
- Explicit cost rate (commissions ÷ average net assets): 0.1484%
- Total broker commissions: $113K
- Bought from dealers (principal trades, not a cost): $410.2M
- Portfolio turnover (prospectus): 204%
- Securities lending: none during the year
ORIIX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| ITG INC. | $37K | 38.37% |
| Instinet Clearing Services Inc | $22K | 22.91% |
| UBS Financial Services Inc | $22K | 22.72% |
| JP Morgan Chase | $6K | 6.63% |
| CREDIT SUISSE SECURITIES (USA) LLC | $3K | 3.54% |
| MACQUARIE CAPITAL MARKETS NORTH AMERICA LTD. | $2K | 2.10% |
| NOMURA SECURITIES INTERNATIONAL, INC. | $2K | 2.02% |
| DEUTSCHE BANK SECURITIES INC. | $1K | 1.35% |
| Goldman Sachs and Company | $200 | 0.21% |
| Credit Suisse | $139 | 0.14% |
ORIIX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| UMB DISTRIBUTION SERVICES, LLC | $406.7M | 99.14% |
| ITG INC. | $3.3M | 0.81% |
| JP Morgan Chase | $169K | 0.04% |
| UBS SECURITIES LLC | $28K | 0.01% |
| DEUTSCHE BANK SECURITIES INC. | $4K | 0.00% |
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.