AFNIX Fees and Costs — Bahl & Gaynor Income Growth Fund, Class I
Data updated: 2026-02-25
The net expense ratio is 0.63%: a 0.45% management fee plus 0.18% other expenses. This share class carries a redemption fee of 2.00%. In fiscal 2025 the fund paid $347K in broker commissions, 0.0186% of average net assets, and portfolio turnover was 21%.
AFNIX Fees and Expenses
Annual operating expenses and sales charges of AFNIX. Prospectus, as of October 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.45% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.18% |
| Gross expense ratio | 0.63% |
| Fee waiver | — |
| Net expense ratio | 0.63% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| Max deferred load | 0.00% |
| Redemption fee | 2.00% |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | No |
| Waived fees subject to recoupment | No |
AFNIX Costs Over Time
On $10,000 invested in AFNIX, assuming 5% a year before costs, total costs come to $409 over 5 years, cutting the return by 0.68% 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 0.63%) | $66 | $207 | $361 |
| Trading costs (broker commissions) | $2 | $6 | $11 |
| Lost growth on money paid in costs | $0 | $11 | $37 |
| Total costs | $68 | $224 | $409 |
| Value after costs | $10,432 | $11,352 | $12,354 |
| Impact on return, per year | 0.68% | 0.68% | 0.68% |
AFNIX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending June 30, 2025.
- Explicit cost rate (commissions ÷ average net assets): 0.0186%
- Total broker commissions: $347K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 21%
- Securities lending: none during the year
AFNIX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| JEFFERIES LLC | $64K | 21.13% |
| RAYMOND JAMES (USA) LTD. | $50K | 16.37% |
| J.P. MORGAN SECURITIES LLC | $32K | 10.58% |
| STRATEGAS SECURITIES, LLC | $30K | 9.74% |
| WELLS FARGO CLEARING SERVICES, LLC | $27K | 9.00% |
| GOLDMAN SACHS & CO. LLC | $26K | 8.61% |
| EVERCORE GROUP L.L.C. | $24K | 7.83% |
| CAPITAL INSTITUTIONAL SERVICES, INC. | $19K | 6.12% |
| UBS SECURITIES LLC | $18K | 6.05% |
| MORGAN STANLEY | $14K | 4.58% |
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.