SDJYX Fees and Costs — Swan Defined Risk Foreign Fund, Class Y
Data updated: 2025-02-28
The net expense ratio is 1.52% (2.17% before fee waivers). There are no sales loads or redemption fees. In fiscal 2024 the fund paid $79K in broker commissions, 0.2797% of average net assets, and portfolio turnover was 8%.
SDJYX Fees and Expenses
Annual operating expenses and sales charges of SDJYX. Prospectus, as of June 30, 2021.
| Annual operating expenses | |
|---|---|
| Management fee | 1.00% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.87% |
| Gross expense ratio | 2.17% |
| Fee waiver | −0.65% |
| Net expense ratio | 1.52% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| Max deferred load | 0.00% |
| Redemption fee | 0.00% |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | Yes |
SDJYX Costs Over Time
On $10,000 invested in SDJYX, assuming 5% a year before costs, total costs come to $1,108 over 5 years, cutting the return by 1.89% 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 1.52%) | $160 | $494 | $849 |
| Trading costs (broker commissions) | $29 | $91 | $156 |
| Lost growth on money paid in costs | $0 | $29 | $102 |
| Total costs | $189 | $614 | $1,108 |
| Value after costs | $10,311 | $10,962 | $11,655 |
| Impact on return, per year | 1.89% | 1.89% | 1.89% |
SDJYX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending June 30, 2024.
- Explicit cost rate (commissions ÷ average net assets): 0.2797%
- Total broker commissions: $79K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 8%
- Securities lending: none during the year
SDJYX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| JANE STREET | $39K | 48.81% |
| UBS | $16K | 19.79% |
| GOLDMAN SACHS | $11K | 14.13% |
| BANK OF AMERICA MERRILL LYNCH | $8K | 10.33% |
| LASALLE ST. SECURITIES LLC | $4K | 4.85% |
| SEAPORT GROUP | $822 | 1.04% |
| STONEX FINANCIAL | $428 | 0.54% |
| DASH FINANCIAL | $370 | 0.47% |
| WOLVERINE EXECUTION SERVICES | $30 | 0.04% |
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 Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date.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.