AMREX Fees and Costs — American Growth Cannabis Fund, Class E
Data updated: 2022-12-29
The net expense ratio is 6.02% (6.31% before fee waivers). This share class carries a maximum front-end sales load of 5.75% and a deferred sales charge of up to 1.00%. Portfolio turnover was 461%.
AMREX Fees and Expenses
Annual operating expenses and sales charges of AMREX. Prospectus, as of November 30, 2021.
| Annual operating expenses | |
|---|---|
| Management fee | 1.00% |
| 12b-1 fee | 0.30% |
| Other expenses | 4.98% |
| Gross expense ratio | 6.31% |
| Fee waiver | −0.29% |
| Net expense ratio | 6.02% |
| Sales charges | |
|---|---|
| Max front load | 5.75% |
| Max deferred load | 1.00% |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | Yes |
AMREX Costs Over Time
On $10,000 invested in AMREX, assuming 5% a year before costs, total costs come to $3,944 over 5 years, cutting the return by 7.48% 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 |
| Sales charges | $668 | $575 | $575 |
| Fund expenses (net expense ratio 6.02%) | $596 | $1,764 | $2,901 |
| Lost growth on money paid in costs | $29 | $181 | $468 |
| Total costs | $1,293 | $2,520 | $3,944 |
| Value after costs | $9,207 | $9,056 | $8,819 |
| Impact on return, per year | 12.93% | 8.25% | 7.48% |
AMREX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending July 31, 2022.
- Explicit cost rate (commissions ÷ average net assets): —
- Total broker commissions: —
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 461%
- Securities lending: none during the year
AMREX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|
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 Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date.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.