SNWAX Fees and Costs — Snow Capital Small Cap Value Fund, Class A
Data updated: 2022-05-13
The net expense ratio is 1.51% (3.82% before fee waivers). This share class carries a maximum front-end sales load of 5.25%, a deferred sales charge of up to 0.50% and a redemption fee of 0.50%. In fiscal 2022 the fund paid $34K in broker commissions, 0.1362% of average net assets, and portfolio turnover was 86%.
SNWAX Fees and Expenses
Annual operating expenses and sales charges of SNWAX. Prospectus, as of June 30, 2021.
| Annual operating expenses | |
|---|---|
| Management fee | 0.95% |
| 12b-1 fee | 0.25% |
| Other expenses | — |
| Gross expense ratio | 3.82% |
| Fee waiver | −2.31% |
| Net expense ratio | 1.51% |
| Sales charges | |
|---|---|
| Max front load | 5.25% |
| Max deferred load | 0.50% |
| 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 |
SNWAX Costs Over Time
On $10,000 invested in SNWAX, assuming 5% a year before costs, total costs come to $1,633 over 5 years, cutting the return by 2.84% 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 | $574 | $525 | $525 |
| Fund expenses (net expense ratio 1.51%) | $150 | $466 | $802 |
| Trading costs (broker commissions) | $14 | $42 | $72 |
| Lost growth on money paid in costs | $26 | $108 | $234 |
| Total costs | $764 | $1,141 | $1,633 |
| Value after costs | $9,736 | $10,436 | $11,130 |
| Impact on return, per year | 7.64% | 3.57% | 2.84% |
SNWAX 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): 0.1362%
- Total broker commissions: $34K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 86%
- Securities lending: none during the year
SNWAX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| VITRU Americas LLC | $30K | 90.31% |
| ROBERT W. BAIRD & CO. INCORPORATED | $1K | 3.97% |
| INSTINET LLC | $1K | 3.33% |
| COWEN AND COMPANY LLC | $436 | 1.30% |
| BARCLAYS CAPITAL INC. | $159 | 0.47% |
| Morgan Stanley & Co. Inc. | $70 | 0.21% |
| Raymond James & Associates, Inc. | $55 | 0.16% |
| BMO HARRIS FINANCIAL ADVISORS, INC. | $39 | 0.12% |
| Jefferies & Company Inc | $24 | 0.07% |
| RBC Capital Markets, LLC | $15 | 0.04% |
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.