APSHX Fees and Costs — Pinnacle Multi-Strategy Core Fund, Class A
Data updated: 2026-08-14
The net expense ratio is 1.80% (2.32% before fee waivers). This share class carries a maximum front-end sales load of 5.75% and a redemption fee of 1.00%. In fiscal 2025 the fund paid $30K in broker commissions, 0.0784% of average net assets, and portfolio turnover was 350%.
APSHX Fees and Expenses
Annual operating expenses and sales charges of APSHX. Prospectus, as of January 31, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 1.00% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.76% |
| Gross expense ratio | 2.32% |
| Fee waiver | −0.52% |
| Net expense ratio | 1.80% |
| Sales charges | |
|---|---|
| Max front load | 5.75% |
| Max deferred load | 0.00% |
| Redemption fee | 1.00% |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | Yes |
APSHX Costs Over Time
On $10,000 invested in APSHX, assuming 5% a year before costs, total costs come to $1,822 over 5 years, cutting the return by 3.19% 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 | $575 | $575 | $575 |
| Fund expenses (net expense ratio 1.80%) | $178 | $551 | $946 |
| Trading costs (broker commissions) | $8 | $24 | $41 |
| Lost growth on money paid in costs | $29 | $119 | $260 |
| Total costs | $790 | $1,269 | $1,822 |
| Value after costs | $9,710 | $10,307 | $10,941 |
| Impact on return, per year | 7.90% | 3.99% | 3.19% |
APSHX 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): 0.0784%
- Total broker commissions: $30K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 350%
- Securities lending: none during the year
APSHX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Wallachbeth | $30K | 98.69% |
| US BANCORP | $393 | 1.31% |
Pinnacle Multi-Strategy Core Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| IPSHX | Class I | 1.55% | none |
| APSHX | Class A | 1.80% | 5.75% |
| CPSHX | Class C | 2.55% | 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.