ACUSX Fees and Costs — Advisors Capital Total Return - Equity Fund
Data updated: 2026-08-26
The net expense ratio is 1.77%: a 1.62% management fee plus a 0.15% 12b-1 fee. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $4K in broker commissions, 0.0014% of average net assets.
ACUSX Fees and Expenses
Annual operating expenses and sales charges of ACUSX. Prospectus, as of May 31, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 1.62% |
| 12b-1 fee | 0.15% |
| Other expenses | — |
| Gross expense ratio | 1.77% |
| Fee waiver | — |
| Net expense ratio | 1.77% |
| 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 |
ACUSX Costs Over Time
On $10,000 invested in ACUSX, assuming 5% a year before costs, total costs come to $1,091 over 5 years, cutting the return by 1.86% 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 1.77%) | $186 | $575 | $989 |
| Trading costs (broker commissions) | $0 | $0 | $1 |
| Lost growth on money paid in costs | $0 | $29 | $101 |
| Total costs | $186 | $604 | $1,091 |
| Value after costs | $10,314 | $10,972 | $11,672 |
| Impact on return, per year | 1.86% | 1.86% | 1.86% |
ACUSX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending September 30, 2025.
- Explicit cost rate (commissions ÷ average net assets): 0.0014%
- Total broker commissions: $4K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): —
- Securities lending: none during the year
ACUSX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| FIDELITY BROKERAGE SERVICES LLC | $4K | 100.00% |
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 Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date.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.