SLSDX Fees and Costs — Selected International Fund, Class D
Data updated: 2025-11-05
The net expense ratio is 0.80%: a 0.55% management fee plus 0.42% other expenses, less a 0.17% fee waiver. There are no sales loads or redemption fees. In fiscal 2024 the fund paid $24K in broker commissions, 0.0496% of average net assets, and portfolio turnover was 30%.
SLSDX Fees and Expenses
Annual operating expenses and sales charges of SLSDX. Prospectus, as of April 30, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.55% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.42% |
| Gross expense ratio | 0.97% |
| Fee waiver | −0.17% |
| Net expense ratio | 0.80% |
| 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 | No |
SLSDX Costs Over Time
On $10,000 invested in SLSDX, assuming 5% a year before costs, total costs come to $533 over 5 years, cutting the return by 0.89% 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 0.80%) | $84 | $262 | $456 |
| Trading costs (broker commissions) | $5 | $16 | $28 |
| Lost growth on money paid in costs | $0 | $14 | $49 |
| Total costs | $89 | $293 | $533 |
| Value after costs | $10,411 | $11,284 | $12,230 |
| Impact on return, per year | 0.89% | 0.89% | 0.89% |
SLSDX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending December 31, 2024.
- Explicit cost rate (commissions ÷ average net assets): 0.0496%
- Total broker commissions: $24K
- Bought from dealers (principal trades, not a cost): $142.6M
- Portfolio turnover (prospectus): 30%
- Securities on loan, average value: $33K
- Net income from securities lending: $140 (0.000% of average net assets)
SLSDX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| BTIG, LLC | $8K | 35.75% |
| J.P. Morgan Securities LLC | $4K | 16.89% |
| China Renaissance Securities (US) Inc. | $3K | 13.95% |
| Sanford C. Bernstein & Co., LLC | $2K | 6.80% |
| Jefferies LLC | $1K | 5.76% |
| Merrill Lynch, Pierce, Fenner & Smith Incorporated | $1K | 5.47% |
| UBS Securities LLC | $1K | 4.57% |
| CLSA Americas, LLC | $999 | 4.37% |
| BMO Capital Markets Corp. | $742 | 3.25% |
| JonesTrading Institutional Services LLC | $732 | 3.20% |
SLSDX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| StoneX Financial Inc. | $81.2M | 56.91% |
| Nomura Securities International, Inc. | $61.5M | 43.09% |
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.