AIIFX Fees and Costs — Timber Point Alternative Income Fund, Institutional Class Shares
Data updated: 2026-08-26
The net expense ratio is 2.02% (2.29% before fee waivers). There are no sales loads or redemption fees. In fiscal 2025 the fund paid $22K in broker commissions, 0.0962% of average net assets, and portfolio turnover was 76%.
AIIFX Fees and Expenses
Annual operating expenses and sales charges of AIIFX. Prospectus, as of January 28, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.80% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.97% |
| Gross expense ratio | 2.29% |
| Fee waiver | −0.27% |
| Net expense ratio | 2.02% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | Yes |
AIIFX Costs Over Time
On $10,000 invested in AIIFX, assuming 5% a year before costs, total costs come to $1,294 over 5 years, cutting the return by 2.22% 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 2.02%) | $212 | $654 | $1,121 |
| Trading costs (broker commissions) | $10 | $31 | $53 |
| Lost growth on money paid in costs | $0 | $34 | $120 |
| Total costs | $222 | $719 | $1,294 |
| Value after costs | $10,278 | $10,857 | $11,468 |
| Impact on return, per year | 2.22% | 2.22% | 2.22% |
AIIFX 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): 0.0962%
- Total broker commissions: $22K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 76%
- Securities lending: none during the year
AIIFX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Jones & Associates | $22K | 100.00% |
Timber Point Alternative 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 |
|---|---|---|---|
| AIIFX | Institutional Class Shares | 2.02% | — |
| AAIFX | Investor Class Shares | 2.61% | none |
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.