ZPSVX Fees and Costs — Ziegler Piermont Small Cap Value Fund, Institutional Class
Data updated: 2021-08-30
The net expense ratio is 0.90%: a 0.75% management fee plus 0.60% other expenses, less a 0.45% fee waiver. There are no sales loads or redemption fees. In fiscal 2020 the fund paid $2K in broker commissions, 0.3702% of average net assets, and portfolio turnover was 20%.
ZPSVX Fees and Expenses
Annual operating expenses and sales charges of ZPSVX. Prospectus, as of January 31, 2021.
| Annual operating expenses | |
|---|---|
| Management fee | 0.75% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.60% |
| Gross expense ratio | 1.35% |
| Fee waiver | −0.45% |
| Net expense ratio | 0.90% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | Yes |
ZPSVX Costs Over Time
On $10,000 invested in ZPSVX, assuming 5% a year before costs, total costs come to $790 over 5 years, cutting the return by 1.33% 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 0.90%) | $94 | $294 | $508 |
| Trading costs (broker commissions) | $39 | $121 | $209 |
| Lost growth on money paid in costs | $0 | $21 | $73 |
| Total costs | $133 | $436 | $790 |
| Value after costs | $10,367 | $11,141 | $11,973 |
| Impact on return, per year | 1.33% | 1.33% | 1.33% |
ZPSVX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending September 30, 2020.
- Explicit cost rate (commissions ÷ average net assets): 0.3702%
- Total broker commissions: $2K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 20%
- Securities lending: none during the year
ZPSVX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| RBC CAPITAL MARKETS, LLC | $1K | 57.83% |
| J.P. MORGAN SECURITIES LLC | $606 | 27.17% |
| SANFORD C. BERNSTEIN & CO. LLC | $257 | 11.53% |
| Fidelity and Trust Financial Corp. | $67 | 3.00% |
| WACHOVIA BANK N.A. | $11 | 0.48% |
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 Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date.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.