SKGAX Fees and Costs — Steward Small Cap Growth Fund, Class A
Data updated: 2024-09-27
The net expense ratio is 1.25%: a 0.75% management fee, a 0.25% 12b-1 fee plus 0.82% other expenses, less a 0.57% fee waiver. This share class carries a maximum front-end sales load of 5.75%. In fiscal 2024 the fund paid $32K in broker commissions, 0.1176% of average net assets, and portfolio turnover was 27%.
SKGAX Fees and Expenses
Annual operating expenses and sales charges of SKGAX. Prospectus, as of August 31, 2023.
| Annual operating expenses | |
|---|---|
| Management fee | 0.75% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.82% |
| Gross expense ratio | 1.82% |
| Fee waiver | −0.57% |
| Net expense ratio | 1.25% |
| Sales charges | |
|---|---|
| Max front load | 5.75% |
| Max deferred load | 0.00% |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | Yes |
SKGAX Costs Over Time
On $10,000 invested in SKGAX, assuming 5% a year before costs, total costs come to $1,534 over 5 years, cutting the return by 2.66% 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 |
| Sales charges | $575 | $575 | $575 |
| Fund expenses (net expense ratio 1.25%) | $124 | $384 | $664 |
| Trading costs (broker commissions) | $12 | $36 | $62 |
| Lost growth on money paid in costs | $29 | $112 | $233 |
| Total costs | $739 | $1,107 | $1,534 |
| Value after costs | $9,761 | $10,469 | $11,229 |
| Impact on return, per year | 7.39% | 3.46% | 2.66% |
SKGAX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending April 30, 2024.
- Explicit cost rate (commissions ÷ average net assets): 0.1176%
- Total broker commissions: $32K
- Bought from dealers (principal trades, not a cost): $13.5M
- Portfolio turnover (prospectus): 27%
- Securities lending: none during the year
SKGAX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| THE NORTHERN TRUST COMPANY | $19K | 61.42% |
| VIRTU AMERICAS LLC | $12K | 38.58% |
SKGAX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| THE NORTHERN TRUST COMPANY | $13.5M | 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.