Expense Ratio History

CSMDX expense ratio history

Copeland SMID Cap Dividend Growth Fund, Copeland SMID Cap Dividend Growth Fund Class I Shares

Fund company
Copeland
Type
Mutual fund

1.38%

In basis points
138 basis points
Yearly cost per $10,000
$138
Prospectus dated
30 March 2026, filed with the SEC; rounded to 0.01%
Last change
Raised from 1.34% on 30 March 2026

Fee over time

CSMDX expense ratio: 0.95% until 30 Mar 2018, then 12.96%; 12.96% until 29 Mar 2019, then 10.14%; 10.14% until 30 Mar 2020, then 3.18%; 3.18% until 30 Mar 2021, then 2.47%; 2.47% until 30 Mar 2022, then 1.87%; 1.87% until 30 Mar 2023, then 1.73%; 1.73% until 29 Mar 2024, then 1.62%; 1.62% until 31 Mar 2025, then 1.34%; 1.34% until 30 Mar 2026, then 1.38%; read at 1.38% on 30 Mar 2026.0.00%5.00%10.00%15.00%20.00%Feb 2017Sep 2018Apr 2020Nov 2021Jun 2023Jan 20250.95% before1.38% from 30 Mar 2026
CSMDX expense ratio: 0.95% until 30 Mar 2018, then 12.96%; 12.96% until 29 Mar 2019, then 10.14%; 10.14% until 30 Mar 2020, then 3.18%; 3.18% until 30 Mar 2021, then 2.47%; 2.47% until 30 Mar 2022, then 1.87%; 1.87% until 30 Mar 2023, then 1.73%; 1.73% until 29 Mar 2024, then 1.62%; 1.62% until 31 Mar 2025, then 1.34%; 1.34% until 30 Mar 2026, then 1.38%; read at 1.38% on 30 Mar 2026.0.00%5.00%10.00%15.00%20.00%Feb 2017Apr 2020Jun 20230.95% before1.38% from 30 Mar 2026
Solid line: the fee in effect after each recorded change. Dashed: the fee before it. Dots: prospectuses filed with the SEC and dates we read the fee from a source.

Share classes

The same fund is sold as 2 share classes, each with its own fee. Figures are from each class's latest prospectus in SEC filings, rounded to 0.01%.

TickerShare classFeeAfter waiversProspectus dated
CSMDX (this page) Copeland SMID Cap Dividend Growth Fund Class I Shares 1.38% 0.95% 30 Mar 2026
CSDGX Copeland SMID Cap Dividend Growth Fund Class A Shares 1.62% 1.20% 30 Mar 2026

Every figure we've recorded

DateFeeWhat happened
30 Mar 2026 1.38% In the prospectusTotal annual fund operating expenses in the prospectus dated 2026-03-30 (form 485BPOS), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 485BPOS
30 Mar 2026 1.38% Raised from 1.34% to 1.38%Prospectus date; the new figure appears in this filingSource: Prospectus (form 485BPOS) filed with the SEC on 2026-03-27
31 Mar 2025 1.34% In the prospectusTotal annual fund operating expenses in the prospectus dated 2025-03-31 (form 485BPOS), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 485BPOS
31 Mar 2025 1.34% Cut from 1.62% to 1.34%Prospectus date; the new figure appears in this filingSource: Prospectus (form 485BPOS) filed with the SEC on 2025-03-31
29 Mar 2024 1.62% In the prospectusTotal annual fund operating expenses in the prospectus dated 2024-03-29 (form 497), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 497
29 Mar 2024 1.62% Cut from 1.73% to 1.62%Prospectus date; the new figure appears in this filingSource: Prospectus (form 497) filed with the SEC on 2024-04-04
30 Mar 2023 1.73% In the prospectusTotal annual fund operating expenses in the prospectus dated 2023-03-30 (form 485BPOS), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 485BPOS
30 Mar 2023 1.73% Cut from 1.87% to 1.73%Prospectus date; the new figure appears in this filingSource: Prospectus (form 485BPOS) filed with the SEC on 2023-03-27
30 Mar 2022 1.87% In the prospectusTotal annual fund operating expenses in the prospectus dated 2022-03-30 (form 485BPOS), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 485BPOS
30 Mar 2022 1.87% Cut from 2.47% to 1.87%Prospectus date; the new figure appears in this filingSource: Prospectus (form 485BPOS) filed with the SEC on 2022-03-28
30 Mar 2021 2.47% In the prospectusTotal annual fund operating expenses in the prospectus dated 2021-03-30 (form 485BPOS), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 485BPOS
30 Mar 2021 2.47% Cut from 3.18% to 2.47%Prospectus date; the new figure appears in this filingSource: Prospectus (form 485BPOS) filed with the SEC on 2021-04-06
30 Mar 2020 3.18% In the prospectusTotal annual fund operating expenses in the prospectus dated 2020-03-30 (form 485BPOS), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 485BPOS
30 Mar 2020 3.18% Cut from 10.14% to 3.18%Prospectus date; the new figure appears in this filingSource: Prospectus (form 485BPOS) filed with the SEC on 2020-04-02
1 Apr 2019 10.14% In the prospectusTotal annual fund operating expenses in the prospectus dated 2019-04-01 (form 497), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 497
29 Mar 2019 10.14% In the prospectusTotal annual fund operating expenses in the prospectus dated 2019-03-29 (form 485BPOS), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 485BPOS
29 Mar 2019 10.14% Cut from 12.96% to 10.14%Prospectus date; the new figure appears in this filingSource: Prospectus (form 485BPOS) filed with the SEC on 2019-04-02
28 Jan 2019 12.96% In the prospectusTotal annual fund operating expenses in the prospectus dated 2019-01-28 (form 485BPOS), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 485BPOS
30 Mar 2018 12.96% In the prospectusTotal annual fund operating expenses in the prospectus dated 2018-03-30 (form 485BPOS), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 485BPOS
30 Mar 2018 12.96% Raised from 0.95% to 12.96%Prospectus date; the new figure appears in this filingSource: Prospectus (form 485BPOS) filed with the SEC on 2018-04-16
26 Feb 2017 0.95% In the prospectusTotal annual fund operating expenses in the prospectus dated 2017-02-26 (form 485BPOS), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 485BPOS

What this fee costs

Change the amount, years or return. The estimate keeps the fee at 1.38% and the return steady each year, the same assumptions as the cost example in a fund's prospectus.

$1,666 in fees over 10 years

After fees, $10,000 grows to $14,223.

Fees paid on $10,000 at 5% a year
AfterFees paid
1 year$141
3 years$440
5 years$760
10 years$1,666

How we read this figure

The figure is the total annual fund operating expenses line of the fee table in the fund's prospectus, as tagged in the fund company's filing with the SEC. The SEC publishes these figures rounded to four decimal places, so 0.015% appears as 0.02%. The fund company's own page may show a more precise number.

SEC filings give 12 prospectuses for this share class since 2017. Each one is listed above with a link to the filing.

How we read fees

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