SNOIX Fees and Costs — Snow Capital Long/Short Opportunity Fund, Institutional Class
Data updated: 2022-05-13
The net expense ratio is 1.79% (1.83% before fee waivers). This share class carries a redemption fee of 0.50%. In fiscal 2022 the fund paid $47K in broker commissions, 0.0462% of average net assets, and portfolio turnover was 74%.
SNOIX Fees and Expenses
Annual operating expenses and sales charges of SNOIX. Prospectus, as of June 30, 2021.
| Annual operating expenses | |
|---|---|
| Management fee | 0.80% |
| 12b-1 fee | 0.00% |
| Other expenses | — |
| Gross expense ratio | 1.83% |
| Fee waiver | −0.04% |
| Net expense ratio | 1.79% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| Max deferred load | 0.00% |
| Redemption fee | 0.50% |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | Yes |
SNOIX Costs Over Time
On $10,000 invested in SNOIX, assuming 5% a year before costs, total costs come to $1,130 over 5 years, cutting the return by 1.93% 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 1.79%) | $188 | $581 | $999 |
| Trading costs (broker commissions) | $5 | $15 | $26 |
| Lost growth on money paid in costs | $0 | $30 | $104 |
| Total costs | $193 | $626 | $1,130 |
| Value after costs | $10,307 | $10,950 | $11,633 |
| Impact on return, per year | 1.93% | 1.93% | 1.93% |
SNOIX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending February 28, 2022.
- Explicit cost rate (commissions ÷ average net assets): 0.0462%
- Total broker commissions: $47K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 74%
- Securities lending: none during the year
SNOIX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| VITRU Americas LLC | $31K | 65.79% |
| Jefferies & Company Inc | $11K | 22.95% |
| Wells Fargo Securities, LLC | $3K | 5.87% |
| RBC Capital Markets, LLC | $2K | 4.55% |
| MERRILL LYNCH PROFESSIONAL CLEARING CORP. | $283 | 0.60% |
| Raymond James & Associates, Inc. | $83 | 0.18% |
| J.P. Morgan Chase | $31 | 0.07% |
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.