PCSCX Fees and Costs — Polar Capital International Small Company Fund
Data updated: 2026-08-26
The net expense ratio is 1.10%: a 1.00% management fee plus 0.35% other expenses, less a 0.25% fee waiver. There are no sales loads or redemption fees. In fiscal 2026 the fund paid $143K in broker commissions, 0.1064% of average net assets, and portfolio turnover was 70%.
PCSCX Fees and Expenses
Annual operating expenses and sales charges of PCSCX. Prospectus, as of July 29, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 1.00% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.35% |
| Gross expense ratio | 1.35% |
| Fee waiver | −0.25% |
| Net expense ratio | 1.10% |
| 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 |
PCSCX Costs Over Time
On $10,000 invested in PCSCX, assuming 5% a year before costs, total costs come to $752 over 5 years, cutting the return by 1.27% 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 1.10%) | $116 | $360 | $622 |
| Trading costs (broker commissions) | $11 | $35 | $60 |
| Lost growth on money paid in costs | $0 | $20 | $69 |
| Total costs | $127 | $414 | $752 |
| Value after costs | $10,373 | $11,162 | $12,011 |
| Impact on return, per year | 1.27% | 1.27% | 1.27% |
PCSCX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending March 31, 2026.
- Explicit cost rate (commissions ÷ average net assets): 0.1064%
- Total broker commissions: $143K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 70%
- Securities lending: none during the year
PCSCX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| DNB Carnegie Investment Bank AB | $35K | 24.20% |
| Joh. Berenberg, Gossler & Co. KG | $32K | 22.24% |
| UBS AG | $23K | 15.77% |
| MACQUARIE CAPITAL (USA) INC. | $13K | 9.17% |
| J.P. MORGAN SECURITIES PLC | $10K | 7.02% |
| NUMIS SECURITIES INC. | $9K | 6.55% |
| KOTAK MAHINDRA BANK LIMITED | $7K | 4.64% |
| KB Securities Co., Ltd | $6K | 3.99% |
| DAIWA CAPITAL MARKETS EUROPE LIMITED | $5K | 3.48% |
| XP SECURITIES, LLC | $4K | 2.94% |
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.