AKAF Fees and Costs — The Frontier Economic Fund
Data updated: 2026-07-29
The net expense ratio is 0.20%. There are no sales loads or redemption fees. In fiscal 2026 the fund paid $988 in broker commissions, 0.0427% of average net assets, and portfolio turnover was 29%.
AKAF Fees and Expenses
Annual operating expenses and sales charges of AKAF. Prospectus, as of June 30, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.20% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.00% |
| Gross expense ratio | 0.20% |
| Fee waiver | — |
| Net expense ratio | 0.20% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | No |
| Fees waived or reduced during the year | No |
| Waived fees subject to recoupment | No |
AKAF Costs Over Time
On $10,000 invested in AKAF, assuming 5% a year before costs, total costs come to $154 over 5 years, cutting the return by 0.25% 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 0.20%) | $21 | $66 | $115 |
| Trading costs (broker commissions) | $4 | $14 | $25 |
| Lost growth on money paid in costs | $0 | $4 | $14 |
| Total costs | $25 | $84 | $154 |
| Value after costs | $10,475 | $11,492 | $12,609 |
| Impact on return, per year | 0.25% | 0.25% | 0.25% |
AKAF Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending February 28, 2026.
- Explicit cost rate (commissions ÷ average net assets): 0.0427%
- Total broker commissions: $988
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 29%
- Securities lending: none during the year
AKAF Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| MISCHLER FINANCIAL GROUP INC. | $836 | 84.62% |
| MERRILL LYNCH PIERCE FENNER & SMITH INCORPORATED | $131 | 13.26% |
| J.P. MORGAN SECURITIES LLC | $12 | 1.21% |
| BTIG LLC | $8 | 0.81% |
| GOLDMAN SACHS & CO. LLC | $1 | 0.10% |
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 Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date.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.