RAILX Fees and Costs — Conductor Global Equity Value Fund, Class I
Data updated: 2022-09-28
The net expense ratio is 1.93%. This share class carries a redemption fee of 1.00%. In fiscal 2021 the fund paid $32K in broker commissions, 0.0483% of average net assets, and portfolio turnover was 85%.
RAILX Fees and Expenses
Annual operating expenses and sales charges of RAILX. Prospectus, as of February 28, 2022.
| Annual operating expenses | |
|---|---|
| Management fee | 1.25% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.52% |
| Gross expense ratio | 1.93% |
| Fee waiver | — |
| Net expense ratio | 1.93% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| Max deferred load | 0.00% |
| Redemption fee | 1.00% |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | Yes |
RAILX Costs Over Time
On $10,000 invested in RAILX, assuming 5% a year before costs, total costs come to $1,213 over 5 years, cutting the return by 2.08% 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 1.93%) | $203 | $626 | $1,074 |
| Trading costs (broker commissions) | $5 | $16 | $27 |
| Lost growth on money paid in costs | $0 | $32 | $112 |
| Total costs | $208 | $674 | $1,213 |
| Value after costs | $10,292 | $10,903 | $11,549 |
| Impact on return, per year | 2.08% | 2.08% | 2.08% |
RAILX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending October 31, 2021.
- Explicit cost rate (commissions ÷ average net assets): 0.0483%
- Total broker commissions: $32K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 85%
- Securities on loan, average value: $4.6M
- Net income from securities lending: $64K (0.097% of average net assets)
RAILX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Bloomberg | $32K | 100.00% |
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 Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date.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.