SCGNX Fees and Costs — Friess Small Cap Growth Fund, Investor Class
Data updated: 2022-05-24
The net expense ratio is 1.45% (2.04% before fee waivers). There are no sales loads or redemption fees. In fiscal 2021 the fund paid $277K in broker commissions, 0.5917% of average net assets, and portfolio turnover was 200%.
SCGNX Fees and Expenses
Annual operating expenses and sales charges of SCGNX. Prospectus, as of April 30, 2022.
| Annual operating expenses | |
|---|---|
| Management fee | 1.00% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.64% |
| Gross expense ratio | 2.04% |
| Fee waiver | −0.59% |
| Net expense ratio | 1.45% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | No |
| Fees waived or reduced during the year | No |
| Waived fees subject to recoupment | No |
SCGNX Costs Over Time
On $10,000 invested in SCGNX, assuming 5% a year before costs, total costs come to $1,251 over 5 years, cutting the return by 2.14% 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 1.45%) | $152 | $470 | $806 |
| Trading costs (broker commissions) | $62 | $192 | $329 |
| Lost growth on money paid in costs | $0 | $33 | $116 |
| Total costs | $214 | $695 | $1,251 |
| Value after costs | $10,286 | $10,882 | $11,512 |
| Impact on return, per year | 2.14% | 2.14% | 2.14% |
SCGNX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending December 31, 2021.
- Explicit cost rate (commissions ÷ average net assets): 0.5917%
- Total broker commissions: $277K
- Bought from dealers (principal trades, not a cost): $2.7M
- Portfolio turnover (prospectus): 200%
- Securities lending: none during the year
SCGNX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Tourmaline Partners LLC | $122K | 59.55% |
| UBS Financial Services Inc. | $18K | 8.98% |
| Morgan Stanley & Co. Inc. | $10K | 5.01% |
| Wells Fargo Securities LLC | $10K | 4.85% |
| Goldman Sachs & Co. | $8K | 4.13% |
| RBC Dominion Securities Inc. | $8K | 3.94% |
| Needham & Company | $8K | 3.77% |
| Raymond James & Associates Inc. | $7K | 3.62% |
| B Riley & Co. LLC | $6K | 3.17% |
| CRAIG-HALLUM CAPITAL GROUP LLC | $6K | 2.98% |
SCGNX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Needham & Company | $960K | 35.63% |
| Wedbush Securities Inc. | $765K | 28.40% |
| Tourmaline Partners LLC | $432K | 16.05% |
| Credit Suisse Securities (USA) LLC | $341K | 12.65% |
| B Riley & Co. LLC | $196K | 7.27% |
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.