ASFNX Fees and Costs — Arrow DWA Tactical: Income Fund, Institutional Class
Data updated: 2021-12-29
The net expense ratio is 2.94%. There are no sales loads or redemption fees. In fiscal 2021 the fund paid $447 in broker commissions, 0.0183% of average net assets, and portfolio turnover was 411%.
ASFNX Fees and Expenses
Annual operating expenses and sales charges of ASFNX. Prospectus, as of November 30, 2020.
| Annual operating expenses | |
|---|---|
| Management fee | 0.75% |
| 12b-1 fee | 0.00% |
| Other expenses | 1.62% |
| Gross expense ratio | 2.94% |
| Fee waiver | — |
| Net expense ratio | 2.94% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| Max deferred load | 0.00% |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | No |
| Fees waived or reduced during the year | No |
| Waived fees subject to recoupment | No |
ASFNX Costs Over Time
On $10,000 invested in ASFNX, assuming 5% a year before costs, total costs come to $1,779 over 5 years, cutting the return by 3.11% 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 2.94%) | $309 | $944 | $1,603 |
| Trading costs (broker commissions) | $2 | $6 | $10 |
| Lost growth on money paid in costs | $0 | $48 | $166 |
| Total costs | $311 | $997 | $1,779 |
| Value after costs | $10,189 | $10,579 | $10,983 |
| Impact on return, per year | 3.11% | 3.11% | 3.11% |
ASFNX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending July 31, 2021.
- Explicit cost rate (commissions ÷ average net assets): 0.0183%
- Total broker commissions: $447
- Bought from dealers (principal trades, not a cost): $1.5M
- Portfolio turnover (prospectus): 411%
- Securities lending: none during the year
ASFNX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| BARCLAYS CAPITAL INC. | $424 | 94.93% |
| GTS SECURITIES, LLC | $23 | 5.07% |
ASFNX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| GOLDMAN SACHS & CO. LLC | $1.5M | 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 Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date.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.