ADKSX Fees and Costs — The Adirondack Small Cap Fund
Data updated: 2026-07-29
The net expense ratio is 1.48%. There are no sales loads or redemption fees. In fiscal 2026 the fund paid $114K in broker commissions, 0.2510% of average net assets, and portfolio turnover was 33%.
ADKSX Fees and Expenses
Annual operating expenses and sales charges of ADKSX. Prospectus, as of August 1, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 1.08% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.40% |
| Gross expense ratio | — |
| Fee waiver | — |
| Net expense ratio | 1.48% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| Max deferred load | 0.00% |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | Yes |
ADKSX Costs Over Time
On $10,000 invested in ADKSX, assuming 5% a year before costs, total costs come to $1,067 over 5 years, cutting the return by 1.82% 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 1.48%) | $155 | $481 | $828 |
| Trading costs (broker commissions) | $26 | $82 | $140 |
| Lost growth on money paid in costs | $0 | $28 | $99 |
| Total costs | $182 | $591 | $1,067 |
| Value after costs | $10,318 | $10,985 | $11,696 |
| Impact on return, per year | 1.82% | 1.82% | 1.82% |
ADKSX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending March 31, 2026.
- Explicit cost rate (commissions ÷ average net assets): 0.2510%
- Total broker commissions: $114K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 33%
- Securities lending: none during the year
ADKSX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| BTIG, LLC | $112K | 98.90% |
| VIRTU AMERICAS LLC | $1K | 1.09% |
| FIDELITY BROKERAGE SERVICES LLC | $17 | 0.02% |
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 Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date.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.