SAVIX Fees and Costs — Symons Value Institutional Fund
Data updated: 2021-10-26
The net expense ratio is 1.22% (1.44% before fee waivers). There are no sales loads or redemption fees. In fiscal 2020 the fund paid $547 in broker commissions, 0.0043% of average net assets, and portfolio turnover was 75%.
SAVIX Fees and Expenses
Annual operating expenses and sales charges of SAVIX. Prospectus, as of February 28, 2019.
| Annual operating expenses | |
|---|---|
| Management fee | 1.00% |
| 12b-1 fee | 0.00% |
| Other expenses | — |
| Gross expense ratio | 1.44% |
| Fee waiver | −0.22% |
| Net expense ratio | 1.22% |
| 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 | Yes |
SAVIX Costs Over Time
On $10,000 invested in SAVIX, assuming 5% a year before costs, total costs come to $762 over 5 years, cutting the return by 1.29% 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 1.22%) | $128 | $399 | $690 |
| Trading costs (broker commissions) | $0 | $1 | $2 |
| Lost growth on money paid in costs | $0 | $20 | $70 |
| Total costs | $129 | $420 | $762 |
| Value after costs | $10,371 | $11,156 | $12,000 |
| Impact on return, per year | 1.29% | 1.29% | 1.29% |
SAVIX 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): 0.0043%
- Total broker commissions: $547
- Bought from dealers (principal trades, not a cost): $18.6M
- Portfolio turnover (prospectus): 75%
- Securities lending: none during the year
SAVIX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| FIDELITY BROKERAGE SERVICES LLC | $430 | 78.61% |
| CHARLES SCHWAB & CO INC | $101 | 18.46% |
| PERSHING LLC | $16 | 2.93% |
SAVIX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| CHARLES SCHWAB & CO INC | $18.6M | 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 Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date.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.