AFQSX Fees and Costs — Alpha Fiduciary Quantitative Strategy Fund
Data updated: 2026-10-06
The net expense ratio is 1.73%. There are no sales loads or redemption fees. In fiscal 2026 the fund paid $4K in broker commissions, 0.0215% of average net assets, and portfolio turnover was 465%.
AFQSX Fees and Expenses
Annual operating expenses and sales charges of AFQSX. Prospectus, as of November 30, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 1.00% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.70% |
| Gross expense ratio | 1.73% |
| Fee waiver | — |
| Net expense ratio | 1.73% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
AFQSX Costs Over Time
On $10,000 invested in AFQSX, assuming 5% a year before costs, total costs come to $1,079 over 5 years, cutting the return by 1.84% 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 1.73%) | $182 | $562 | $968 |
| Trading costs (broker commissions) | $2 | $7 | $12 |
| Lost growth on money paid in costs | $0 | $28 | $100 |
| Total costs | $184 | $598 | $1,079 |
| Value after costs | $10,316 | $10,979 | $11,684 |
| Impact on return, per year | 1.84% | 1.84% | 1.84% |
AFQSX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending July 31, 2026.
- Explicit cost rate (commissions ÷ average net assets): 0.0215%
- Total broker commissions: $4K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 465%
AFQSX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| WEDBUSH SECURITIES INC. | $9K | 99.42% |
| STATE STREET GLOBAL MARKETS, LLC | $53 | 0.58% |
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 Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date.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.