SLCTX Fees and Costs — Selective Opportunity Fund, Foundation Class
Data updated: 2021-05-27
The net expense ratio is 0.93%: a 0.50% management fee plus 0.42% other expenses. There are no sales loads or redemption fees. In fiscal 2020 the fund paid $14K in broker commissions, 0.0111% of average net assets, and portfolio turnover was 37%.
SLCTX Fees and Expenses
Annual operating expenses and sales charges of SLCTX. Prospectus, as of April 30, 2020.
| Annual operating expenses | |
|---|---|
| Management fee | 0.50% |
| 12b-1 fee | — |
| Other expenses | 0.42% |
| Gross expense ratio | 0.93% |
| Fee waiver | — |
| Net expense ratio | 0.93% |
| 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 |
SLCTX Costs Over Time
On $10,000 invested in SLCTX, assuming 5% a year before costs, total costs come to $589 over 5 years, cutting the return by 0.99% 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 0.93%) | $98 | $305 | $529 |
| Trading costs (broker commissions) | $1 | $4 | $6 |
| Lost growth on money paid in costs | $0 | $15 | $54 |
| Total costs | $99 | $324 | $589 |
| Value after costs | $10,401 | $11,252 | $12,173 |
| Impact on return, per year | 0.99% | 0.99% | 0.99% |
SLCTX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending December 31, 2020.
- Explicit cost rate (commissions ÷ average net assets): 0.0111%
- Total broker commissions: $14K
- Bought from dealers (principal trades, not a cost): $234.9M
- Portfolio turnover (prospectus): 37%
- Securities lending: none during the year
SLCTX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| INTERACTIVE BROKERS LLC | $14K | 100.00% |
SLCTX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| UNIONBANC INVESTMENT SERVICES LLC | $231.2M | 98.46% |
| INTERACTIVE BROKERS LLC | $3.6M | 1.54% |
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 Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date.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.