SCAFX Fees and Costs — Fiera Capital STRONG Nations Currency Fund, Institutional Class
Data updated: 2020-11-12
The net expense ratio is 1.04% (1.14% before fee waivers). There are no sales loads or redemption fees. In fiscal 2020 the fund paid $1K in broker commissions, 0.0058% of average net assets, and portfolio turnover was 30%.
SCAFX Fees and Expenses
Annual operating expenses and sales charges of SCAFX. Prospectus, as of August 31, 2018.
| Annual operating expenses | |
|---|---|
| Management fee | 0.70% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.40% |
| Gross expense ratio | 1.14% |
| Fee waiver | −0.10% |
| Net expense ratio | 1.04% |
| 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 |
SCAFX Costs Over Time
On $10,000 invested in SCAFX, assuming 5% a year before costs, total costs come to $654 over 5 years, cutting the return by 1.10% 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 1.04%) | $109 | $341 | $590 |
| Trading costs (broker commissions) | $1 | $2 | $3 |
| Lost growth on money paid in costs | $0 | $17 | $60 |
| Total costs | $110 | $359 | $654 |
| Value after costs | $10,390 | $11,217 | $12,109 |
| Impact on return, per year | 1.10% | 1.10% | 1.10% |
SCAFX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending August 31, 2020.
- Explicit cost rate (commissions ÷ average net assets): 0.0058%
- Total broker commissions: $1K
- Bought from dealers (principal trades, not a cost): $21.9M
- Portfolio turnover (prospectus): 30%
- Securities lending: none during the year
SCAFX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| GOLDMAN SACHS & CO. LLC | $1K | 100.00% |
SCAFX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| CITIGROUP GLOBAL MARKETS INC. | $7.6M | 34.63% |
| TD AMERITRADE, INC. | $6.9M | 31.40% |
| GOLDMAN SACHS & CO. LLC | $3.0M | 13.90% |
| NBC SECURITIES, INC. | $1.3M | 6.08% |
| WELLS FARGO SECURITIES, LLC | $1.3M | 6.00% |
| J.P. MORGAN SECURITIES LLC | $1.2M | 5.71% |
| BNY MELLON CAPITAL MARKETS, LLC | $499K | 2.29% |
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.