APPLX Fees and Costs — Appleseed Fund, Investor Class
Data updated: 2026-02-25
The net expense ratio is 1.21% (1.69% before fee waivers). This share class carries a redemption fee of 2.00%. In fiscal 2025 the fund paid $14K in broker commissions, 0.0253% of average net assets, and portfolio turnover was 60%.
APPLX Fees and Expenses
Annual operating expenses and sales charges of APPLX. Prospectus, as of January 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.85% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.52% |
| Gross expense ratio | 1.69% |
| Fee waiver | −0.48% |
| Net expense ratio | 1.21% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | 2.00% |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | Yes |
APPLX Costs Over Time
On $10,000 invested in APPLX, assuming 5% a year before costs, total costs come to $769 over 5 years, cutting the return by 1.30% 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 1.21%) | $127 | $395 | $684 |
| Trading costs (broker commissions) | $3 | $8 | $14 |
| Lost growth on money paid in costs | $0 | $20 | $71 |
| Total costs | $130 | $424 | $769 |
| Value after costs | $10,370 | $11,153 | $11,994 |
| Impact on return, per year | 1.30% | 1.30% | 1.30% |
APPLX 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): 0.0253%
- Total broker commissions: $14K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 60%
- Securities lending: none during the year
APPLX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| PERSHING LLC | $5K | 35.29% |
| DAIWA CAPITAL MARKETS AMERICA INC | $4K | 25.31% |
| BMO CAPITAL MARKETS CORP | $2K | 17.47% |
| REDBURN USA LLC | $2K | 17.45% |
| RAYMOND JAMES & ASSOCIATES INC | $628 | 4.48% |
Appleseed Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| APPIX | Institutional Class | 1.02% | — |
| APPLX | Investor Class | 1.21% | — |
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.