ADVAX Fees and Costs — North Square Strategic Income Fund, Class A
Data updated: 2026-09-25
The net expense ratio is 0.93% (1.10% before fee waivers). This share class carries a maximum front-end sales load of 3.75%. In fiscal 2026 the fund paid $334K in broker commissions, 0.0415% of average net assets, and portfolio turnover was 97%.
ADVAX Fees and Expenses
Annual operating expenses and sales charges of ADVAX. Prospectus, as of September 25, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.56% |
| 12b-1 fee | — |
| Other expenses | 0.29% |
| Gross expense ratio | 1.10% |
| Fee waiver | −0.17% |
| Net expense ratio | 0.93% |
| Sales charges | |
|---|---|
| Max front load | 3.75% |
| Max deferred load | 0.00% |
| Redemption fee | 0.00% |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | Yes |
ADVAX Costs Over Time
On $10,000 invested in ADVAX, assuming 5% a year before costs, total costs come to $1,064 over 5 years, cutting the return by 1.81% 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 | $375 | $375 | $375 |
| Fund expenses (net expense ratio 0.93%) | $94 | $293 | $509 |
| Trading costs (broker commissions) | $4 | $13 | $23 |
| Lost growth on money paid in costs | $19 | $74 | $157 |
| Total costs | $492 | $756 | $1,064 |
| Value after costs | $10,008 | $10,821 | $11,699 |
| Impact on return, per year | 4.92% | 2.34% | 1.81% |
ADVAX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending May 31, 2026.
- Explicit cost rate (commissions ÷ average net assets): 0.0415%
- Total broker commissions: $334K
- Bought from dealers (principal trades, not a cost): $1.2B
- Portfolio turnover (prospectus): 97%
- Securities lending: none during the year
ADVAX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| COWEN & COMPANY LLC | $234K | 69.90% |
| RAYMOND JAMES & ASSOCIATES INC | $100K | 29.90% |
| WELLS FARGO SECURITIES LLC | $654 | 0.20% |
| GTS EXECUTION SERVICES LLC | $5 | 0.00% |
ADVAX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| WELLS FARGO SECURITIES LLC | $320.2M | 26.01% |
| UBS SECURITIES LLC | $143.1M | 11.63% |
| PERFORMANCE TRUST CAPITAL PARTNERS LLC | $121.7M | 9.89% |
| J.P. MORGAN SECURITIES LLC | $116.9M | 9.50% |
| ROBERT W BAIRD & CO INC | $96.3M | 7.82% |
| MORGAN STANLEY & CO LLC | $93.2M | 7.57% |
| BNP Paribas Securities Corp | $88.8M | 7.22% |
| BARCLAYS CAPITAL INC | $85.3M | 6.93% |
| TD SECURITIES (USA) LLC | $84.5M | 6.86% |
| BMO CAPITAL MARKETS CORP | $81.0M | 6.58% |
North Square Strategic Income Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| ADVNX | Class I | 0.68% | none |
| ADVAX | Class A | 0.93% | 3.75% |
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.