QCIBX Fees and Costs — QCI Balanced Fund, Institutional Class
Data updated: 2022-08-29
The net expense ratio is 0.98%: a 0.72% management fee plus 0.39% other expenses, less a 0.14% fee waiver. There are no sales loads or redemption fees. In fiscal 2021 the fund paid $6K in broker commissions, 0.0079% of average net assets, and portfolio turnover was 32%.
QCIBX Fees and Expenses
Annual operating expenses and sales charges of QCIBX. Prospectus, as of September 30, 2021.
| Annual operating expenses | |
|---|---|
| Management fee | 0.72% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.39% |
| Gross expense ratio | 1.12% |
| Fee waiver | −0.14% |
| Net expense ratio | 0.98% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| 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 | No |
QCIBX Costs Over Time
On $10,000 invested in QCIBX, assuming 5% a year before costs, total costs come to $618 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 0.98%) | $103 | $321 | $557 |
| Trading costs (broker commissions) | $1 | $3 | $4 |
| Lost growth on money paid in costs | $0 | $16 | $57 |
| Total costs | $104 | $340 | $618 |
| Value after costs | $10,396 | $11,237 | $12,145 |
| Impact on return, per year | 1.04% | 1.04% | 1.04% |
QCIBX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending September 30, 2021.
- Explicit cost rate (commissions ÷ average net assets): 0.0079%
- Total broker commissions: $6K
- Bought from dealers (principal trades, not a cost): $23.5M
- Portfolio turnover (prospectus): 32%
- Securities lending: none during the year
QCIBX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| JonesTrading Instutional Services, LLC | $1K | 24.19% |
| Interactive Brokers Corp. | $1K | 23.93% |
| Cowen & Co., LLC | $1K | 23.36% |
| RBC Capital Markets, LLC | $1K | 19.12% |
| Goldman Sachs & Co., LLC | $528 | 9.41% |
QCIBX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Intercontinental Exchange Holdings, Inc. | $8.9M | 37.87% |
| MarketAxess Holdings, Inc. | $6.6M | 27.95% |
| Mizuho Capital Markets, LLC | $2.3M | 9.69% |
| Goldman Sachs & Co. | $2.0M | 8.63% |
| Fifth Third Bank, n.a. | $1.1M | 4.74% |
| Stifel, Nicolaus, & Co., Inc. | $1.1M | 4.67% |
| Susquehanna Financial Group, LLP | $747K | 3.18% |
| Morgan Stanley | $716K | 3.05% |
| BMO Capital Markets | $54K | 0.23% |
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.