AMLCX Fees and Costs — AlphaMark Fund
Data updated: 2023-10-11
The net expense ratio is 1.57% (2.24% before fee waivers). This share class carries a redemption fee of 1.50%. In fiscal 2023 the fund paid $1K in broker commissions, 0.0059% of average net assets, and portfolio turnover was 53%.
AMLCX Fees and Expenses
Annual operating expenses and sales charges of AMLCX. Prospectus, as of December 31, 2022.
| Annual operating expenses | |
|---|---|
| Management fee | 1.00% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.92% |
| Gross expense ratio | 2.24% |
| Fee waiver | −0.67% |
| Net expense ratio | 1.57% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| Max deferred load | 0.00% |
| Redemption fee | 1.50% |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | Yes |
AMLCX Costs Over Time
On $10,000 invested in AMLCX, assuming 5% a year before costs, total costs come to $974 over 5 years, cutting the return by 1.65% 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 1.57%) | $165 | $511 | $881 |
| Trading costs (broker commissions) | $1 | $2 | $3 |
| Lost growth on money paid in costs | $0 | $26 | $90 |
| Total costs | $165 | $539 | $974 |
| Value after costs | $10,335 | $11,038 | $11,788 |
| Impact on return, per year | 1.65% | 1.65% | 1.65% |
AMLCX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending August 31, 2023.
- Explicit cost rate (commissions ÷ average net assets): 0.0059%
- Total broker commissions: $1K
- Bought from dealers (principal trades, not a cost): $6.3M
- Portfolio turnover (prospectus): 53%
- Securities lending: none during the year
AMLCX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| CHARLES SCHWAB & CO INC | $705 | 68.33% |
| WALL STREET ACCESS | $327 | 31.67% |
AMLCX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| CHARLES SCHWAB & CO INC | $6.3M | 100.00% |
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 Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date.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.