AVOAX Fees and Costs — Arin Large Cap Theta Fund, Advisor Class
Data updated: 2023-05-15
The net expense ratio is 1.03%. There are no sales loads or redemption fees. In fiscal 2023 the fund paid $110K in broker commissions, 0.0657% of average net assets, and portfolio turnover was 0%.
AVOAX Fees and Expenses
Annual operating expenses and sales charges of AVOAX. Prospectus, as of February 28, 2022.
| Annual operating expenses | |
|---|---|
| Management fee | 0.40% |
| 12b-1 fee | 0.40% |
| Other expenses | 0.23% |
| Gross expense ratio | — |
| Fee waiver | — |
| Net expense ratio | 1.03% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | No |
| Waived fees subject to recoupment | No |
AVOAX Costs Over Time
On $10,000 invested in AVOAX, assuming 5% a year before costs, total costs come to $684 over 5 years, cutting the return by 1.15% 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 1.03%) | $108 | $337 | $584 |
| Trading costs (broker commissions) | $7 | $22 | $37 |
| Lost growth on money paid in costs | $0 | $18 | $63 |
| Total costs | $115 | $376 | $684 |
| Value after costs | $10,385 | $11,200 | $12,079 |
| Impact on return, per year | 1.15% | 1.15% | 1.15% |
AVOAX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending February 28, 2023.
- Explicit cost rate (commissions ÷ average net assets): 0.0657%
- Total broker commissions: $110K
- Bought from dealers (principal trades, not a cost): $3.5B
- Portfolio turnover (prospectus): 0%
- Securities lending: none during the year
AVOAX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Interactive Brokers LLC | $111K | 100.00% |
AVOAX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Interactive Brokers LLC | $3.5B | 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 Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date.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.