QSVIX Fees and Costs — CCM Small/Mid-Cap Impact Value Fund, Institutional Class
Data updated: 2023-11-29
The net expense ratio is 1.30%: a 0.90% management fee plus 1.31% other expenses, less a 0.91% fee waiver. There are no sales loads or redemption fees. In fiscal 2023 the fund paid $5K in broker commissions, 0.0281% of average net assets, and portfolio turnover was 27%.
QSVIX Fees and Expenses
Annual operating expenses and sales charges of QSVIX. Prospectus, as of October 31, 2023.
| Annual operating expenses | |
|---|---|
| Management fee | 0.90% |
| 12b-1 fee | 0.00% |
| Other expenses | 1.31% |
| Gross expense ratio | 2.21% |
| Fee waiver | −0.91% |
| Net expense ratio | 1.30% |
| 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 | No |
QSVIX Costs Over Time
On $10,000 invested in QSVIX, assuming 5% a year before costs, total costs come to $825 over 5 years, cutting the return by 1.39% 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 1.30%) | $136 | $424 | $734 |
| Trading costs (broker commissions) | $3 | $9 | $16 |
| Lost growth on money paid in costs | $0 | $22 | $76 |
| Total costs | $139 | $455 | $825 |
| Value after costs | $10,361 | $11,121 | $11,938 |
| Impact on return, per year | 1.39% | 1.39% | 1.39% |
QSVIX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending June 30, 2023.
- Explicit cost rate (commissions ÷ average net assets): 0.0281%
- Total broker commissions: $5K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 27%
- Securities lending: none during the year
QSVIX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| JONES TRADING | $2K | 47.75% |
| COWEN | $1K | 30.49% |
| WATERMILL INSTITUTIONAL TRADING LLC | $388 | 8.11% |
| LOOP CAPITAL MARKETS INC. | $304 | 6.35% |
| BLOOMBERG TRADEBOOK | $268 | 5.60% |
| GOLDMAN, SACHS & CO. | $69 | 1.45% |
| BMO CAPITAL | $12 | 0.25% |
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 Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date.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.