ROSIX Fees and Costs — Rondure Overseas Fund, Institutional Class
Data updated: 2023-09-28
The net expense ratio is 0.85%: a 0.70% management fee plus 1.41% other expenses, less a 1.26% fee waiver. This share class carries a redemption fee of 2.00%. In fiscal 2023 the fund paid $45K in broker commissions, 0.2389% of average net assets, and portfolio turnover was 92%.
ROSIX Fees and Expenses
Annual operating expenses and sales charges of ROSIX. Prospectus, as of August 31, 2023.
| Annual operating expenses | |
|---|---|
| Management fee | 0.70% |
| 12b-1 fee | 0.00% |
| Other expenses | 1.41% |
| Gross expense ratio | 2.11% |
| Fee waiver | −1.26% |
| Net expense ratio | 0.85% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | 2.00% |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | Yes |
ROSIX Costs Over Time
On $10,000 invested in ROSIX, assuming 5% a year before costs, total costs come to $680 over 5 years, cutting the return by 1.14% 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 0.85%) | $89 | $278 | $482 |
| Trading costs (broker commissions) | $25 | $78 | $135 |
| Lost growth on money paid in costs | $0 | $18 | $62 |
| Total costs | $114 | $374 | $680 |
| Value after costs | $10,386 | $11,202 | $12,083 |
| Impact on return, per year | 1.14% | 1.14% | 1.14% |
ROSIX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending April 30, 2023.
- Explicit cost rate (commissions ÷ average net assets): 0.2389%
- Total broker commissions: $45K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 92%
- Securities lending: none during the year
ROSIX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Morgan Stanley | $8K | 20.98% |
| Berenberg | $5K | 13.12% |
| CLSA AMERICAS, LLC | $5K | 12.94% |
| MAYBANK KIM ENG SECURITIES USA INC. | $5K | 12.64% |
| Daiwa Capital Markets | $3K | 8.87% |
| Macquarie Equities | $3K | 7.84% |
| ITAU INTERNATIONAL SECURITIES INC. | $3K | 7.75% |
| UOB KAY HIAN (U.S.) INC. | $2K | 5.94% |
| NUMIS SECURITIES INC. | $2K | 5.50% |
| UBS SECURITIES LLC | $2K | 4.42% |
Rondure Overseas Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| ROSIX | Institutional Class | 0.85% | — |
| ROSOX | Investor Class | 1.10% | — |
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.