C000158767 Fees and Costs — Absolute Capital Opportunities Fund
Data updated: 2023-08-28
The net expense ratio is 1.63% (1.79% before fee waivers). There are no sales loads or redemption fees. In fiscal 2023 the fund paid $195K in broker commissions, 0.1469% of average net assets, and portfolio turnover was 120%.
C000158767 Fees and Expenses
Annual operating expenses and sales charges of C000158767. Prospectus, as of July 31, 2023.
| Annual operating expenses | |
|---|---|
| Management fee | 1.40% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.31% |
| Gross expense ratio | 1.79% |
| Fee waiver | −0.16% |
| Net expense ratio | 1.63% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | Yes |
C000158767 Costs Over Time
On $10,000 invested in C000158767, assuming 5% a year before costs, total costs come to $1,094 over 5 years, cutting the return by 1.87% 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 1.63%) | $171 | $530 | $911 |
| Trading costs (broker commissions) | $15 | $48 | $82 |
| Lost growth on money paid in costs | $0 | $29 | $101 |
| Total costs | $187 | $606 | $1,094 |
| Value after costs | $10,313 | $10,970 | $11,668 |
| Impact on return, per year | 1.87% | 1.87% | 1.87% |
C000158767 Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending March 31, 2023.
- Explicit cost rate (commissions ÷ average net assets): 0.1469%
- Total broker commissions: $195K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 120%
- Securities lending: none during the year
C000158767 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| PERSHING LLC | $195K | 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 Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date.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.