AVOLX Fees and Costs — Arin Large Cap Theta Fund, Institutional Class
Data updated: 2023-05-15
The net expense ratio is 0.63%. 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%.
AVOLX Fees and Expenses
Annual operating expenses and sales charges of AVOLX. Prospectus, as of February 28, 2022.
| Annual operating expenses | |
|---|---|
| Management fee | 0.40% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.23% |
| Gross expense ratio | — |
| Fee waiver | — |
| Net expense ratio | 0.63% |
| 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 |
AVOLX Costs Over Time
On $10,000 invested in AVOLX, assuming 5% a year before costs, total costs come to $438 over 5 years, cutting the return by 0.73% 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 0.63%) | $66 | $207 | $360 |
| Trading costs (broker commissions) | $7 | $22 | $38 |
| Lost growth on money paid in costs | $0 | $11 | $40 |
| Total costs | $73 | $240 | $438 |
| Value after costs | $10,427 | $11,336 | $12,325 |
| Impact on return, per year | 0.73% | 0.73% | 0.73% |
AVOLX 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
AVOLX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Interactive Brokers LLC | $111K | 100.00% |
AVOLX 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 Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date.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.