AUERX Fees and Costs — Auer Growth Fund
Data updated: 2026-07-29
The net expense ratio is 2.05%. This share class carries a redemption fee of 1.00%. In fiscal 2025 the fund paid $6K in broker commissions, 0.0122% of average net assets, and portfolio turnover was 109%.
AUERX Fees and Expenses
Annual operating expenses and sales charges of AUERX. Prospectus, as of March 31, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 1.50% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.53% |
| Gross expense ratio | 2.05% |
| Fee waiver | — |
| Net expense ratio | 2.05% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | 1.00% |
| Expense limitation in place (N-CEN) | No |
| Fees waived or reduced during the year | No |
| Waived fees subject to recoupment | No |
AUERX Costs Over Time
On $10,000 invested in AUERX, assuming 5% a year before costs, total costs come to $1,263 over 5 years, cutting the return by 2.17% 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 2.05%) | $215 | $664 | $1,139 |
| Trading costs (broker commissions) | $1 | $4 | $7 |
| Lost growth on money paid in costs | $0 | $33 | $117 |
| Total costs | $217 | $702 | $1,263 |
| Value after costs | $10,283 | $10,875 | $11,500 |
| Impact on return, per year | 2.17% | 2.17% | 2.17% |
AUERX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending November 30, 2025.
- Explicit cost rate (commissions ÷ average net assets): 0.0122%
- Total broker commissions: $6K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 109%
- Securities lending: none during the year
AUERX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| CHARLES SCHWAB & CO INC | $6K | 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 Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date.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.