SNAEX Fees and Costs — Schroder North American Equity Fund, Investor Class
Data updated: 2021-03-29
The net expense ratio is 0.33%: a 0.25% management fee plus 0.08% other expenses. There are no sales loads or redemption fees. In fiscal 2020 the fund paid $122K in broker commissions, 0.0180% of average net assets, and portfolio turnover was 50%.
SNAEX Fees and Expenses
Annual operating expenses and sales charges of SNAEX. Prospectus, as of February 29, 2020.
| Annual operating expenses | |
|---|---|
| Management fee | 0.25% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.08% |
| Gross expense ratio | 0.33% |
| Fee waiver | — |
| Net expense ratio | 0.33% |
| 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 |
SNAEX Costs Over Time
On $10,000 invested in SNAEX, assuming 5% a year before costs, total costs come to $221 over 5 years, cutting the return by 0.37% 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 0.33%) | $35 | $109 | $190 |
| Trading costs (broker commissions) | $2 | $6 | $10 |
| Lost growth on money paid in costs | $0 | $6 | $20 |
| Total costs | $37 | $120 | $221 |
| Value after costs | $10,463 | $11,456 | $12,542 |
| Impact on return, per year | 0.37% | 0.37% | 0.37% |
SNAEX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending October 31, 2020.
- Explicit cost rate (commissions ÷ average net assets): 0.0180%
- Total broker commissions: $122K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 50%
- Securities lending: none during the year
SNAEX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| UBS | $28K | 24.07% |
| Goldman Sachs | $21K | 18.13% |
| Cowen and Company | $20K | 17.00% |
| Haitong International Securities | $10K | 8.67% |
| Citigroup | $8K | 7.14% |
| Liquidnet | $8K | 7.01% |
| Bank of America | $7K | 6.41% |
| TD Securities | $6K | 4.94% |
| ITG | $5K | 4.30% |
| Jefferies LLC | $3K | 2.34% |
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 Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date.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.