SCMVX Fees and Costs — Schneider Small Cap Value Fund, Institutional Class
Data updated: 2020-07-30
The net expense ratio is 1.15%: a 1.00% management fee plus 0.74% other expenses, less a 0.59% fee waiver. This share class carries a redemption fee of 1.00%. In fiscal 2019 the fund paid $140K in broker commissions, 0.5277% of average net assets, and portfolio turnover was 66%.
SCMVX Fees and Expenses
Annual operating expenses and sales charges of SCMVX. Prospectus, as of December 31, 2019.
| Annual operating expenses | |
|---|---|
| Management fee | 1.00% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.74% |
| Gross expense ratio | 1.74% |
| Fee waiver | −0.59% |
| Net expense ratio | 1.15% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| Max deferred load | 0.00% |
| Redemption fee | 1.00% |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | No |
SCMVX Costs Over Time
On $10,000 invested in SCMVX, assuming 5% a year before costs, total costs come to $1,035 over 5 years, cutting the return by 1.76% 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 1.15%) | $121 | $374 | $644 |
| Trading costs (broker commissions) | $55 | $172 | $296 |
| Lost growth on money paid in costs | $0 | $27 | $96 |
| Total costs | $176 | $573 | $1,035 |
| Value after costs | $10,324 | $11,003 | $11,728 |
| Impact on return, per year | 1.76% | 1.76% | 1.76% |
SCMVX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending August 31, 2019.
- Explicit cost rate (commissions ÷ average net assets): 0.5277%
- Total broker commissions: $140K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 66%
- Securities on loan, average value: $5.9M
- Net income from securities lending: $48K (0.179% of average net assets)
SCMVX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| BANK OF NEW YORK | $49K | 35.16% |
| MERRILL LYNCH INC. | $34K | 24.26% |
| INSTINET CLEARING SERVICES INC. | $18K | 12.77% |
| JEFFERIES & COMPANY INC. | $15K | 10.50% |
| BARCLAY CAPITAL INC. | $8K | 5.88% |
| R.B.C. DOMINION SECURITIES INC. | $6K | 4.10% |
| UBS FINANCIAL SERVICES INC. | $5K | 3.48% |
| J.P. MORGAN CHASE | $3K | 1.91% |
| MORGAN STANLEY & CO. LLC | $2K | 1.22% |
| WACHOVIA BANK N.A. | $980 | 0.71% |
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.