RIVEX Fees and Costs — Riverbridge Eco Leaders Fund, Institutional Class
Data updated: 2021-04-26
The net expense ratio is 0.97%: a 0.75% management fee plus 3.58% other expenses, less a 3.37% fee waiver. This share class carries a redemption fee of 1.00%. In fiscal 2020 the fund paid $5K in broker commissions, 0.0569% of average net assets, and portfolio turnover was 36%.
RIVEX Fees and Expenses
Annual operating expenses and sales charges of RIVEX. Prospectus, as of September 30, 2020.
| Annual operating expenses | |
|---|---|
| Management fee | 0.75% |
| 12b-1 fee | 0.00% |
| Other expenses | 3.58% |
| Gross expense ratio | 4.34% |
| Fee waiver | −3.37% |
| Net expense ratio | 0.97% |
| 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 |
RIVEX Costs Over Time
On $10,000 invested in RIVEX, assuming 5% a year before costs, total costs come to $642 over 5 years, cutting the return by 1.08% 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 0.97%) | $102 | $318 | $551 |
| Trading costs (broker commissions) | $6 | $19 | $32 |
| Lost growth on money paid in costs | $0 | $17 | $59 |
| Total costs | $108 | $353 | $642 |
| Value after costs | $10,392 | $11,223 | $12,121 |
| Impact on return, per year | 1.08% | 1.08% | 1.08% |
RIVEX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending November 30, 2020.
- Explicit cost rate (commissions ÷ average net assets): 0.0569%
- Total broker commissions: $5K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 36%
- Securities lending: none during the year
RIVEX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| J.P. MORGAN SECURITIES LLC | $4K | 72.46% |
| WILLIAM BLAIR | $1K | 27.54% |
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 Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date.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.