ROCKX Fees and Costs — Rockefeller Equity Allocation Fund, Institutional Class
Data updated: 2022-06-27
The net expense ratio is 1.23%: a 0.85% management fee plus 0.38% other expenses. There are no sales loads or redemption fees. In fiscal 2021 the fund paid $34K in broker commissions, 0.0407% of average net assets, and portfolio turnover was 41%.
ROCKX Fees and Expenses
Annual operating expenses and sales charges of ROCKX. Prospectus, as of March 31, 2022.
| Annual operating expenses | |
|---|---|
| Management fee | 0.85% |
| 12b-1 fee | — |
| Other expenses | 0.38% |
| Gross expense ratio | 1.23% |
| Fee waiver | — |
| Net expense ratio | 1.23% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | No |
| Waived fees subject to recoupment | No |
ROCKX Costs Over Time
On $10,000 invested in ROCKX, assuming 5% a year before costs, total costs come to $791 over 5 years, cutting the return by 1.33% 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 1.23%) | $129 | $402 | $695 |
| Trading costs (broker commissions) | $4 | $13 | $23 |
| Lost growth on money paid in costs | $0 | $21 | $73 |
| Total costs | $133 | $436 | $791 |
| Value after costs | $10,367 | $11,141 | $11,972 |
| Impact on return, per year | 1.33% | 1.33% | 1.33% |
ROCKX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending November 30, 2021.
- Explicit cost rate (commissions ÷ average net assets): 0.0407%
- Total broker commissions: $34K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 41%
- Securities lending: none during the year
ROCKX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| INSTINET LLC | $7K | 23.76% |
| BARCLAYS CAPITAL INC. | $4K | 14.84% |
| Sanford C. Bernstein & Co. LLC | $4K | 14.13% |
| MORGAN STANLEY & CO. LLC | $3K | 12.28% |
| UBS SECURITIES LLC | $2K | 8.38% |
| J.P. MORGAN SECURITIES LLC | $2K | 7.22% |
| RAYMOND JAMES & ASSOCIATES INC. | $2K | 6.29% |
| MIZUHO SECURITIES USA LLC | $1K | 5.23% |
| COWEN AND COMPANY LLC | $1K | 4.31% |
| JEFFERIES LLC | $978 | 3.57% |
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.