C000193427 Fees and Costs — USA Mutuals Navigator Fund, Institutional Class
Data updated: 2021-04-05
The net expense ratio is 2.01% (2.36% before fee waivers). There are no sales loads or redemption fees. In fiscal 2021 the fund paid $58K in broker commissions, 0.0672% of average net assets, and portfolio turnover was 0%.
C000193427 Fees and Expenses
Annual operating expenses and sales charges of C000193427. Prospectus, as of July 31, 2020.
| Annual operating expenses | |
|---|---|
| Management fee | 1.75% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.59% |
| Gross expense ratio | 2.36% |
| Fee waiver | −0.35% |
| Net expense ratio | 2.01% |
| 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 |
C000193427 Costs Over Time
On $10,000 invested in C000193427, assuming 5% a year before costs, total costs come to $1,272 over 5 years, cutting the return by 2.18% 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 2.01%) | $211 | $651 | $1,116 |
| Trading costs (broker commissions) | $7 | $22 | $37 |
| Lost growth on money paid in costs | $0 | $34 | $118 |
| Total costs | $218 | $707 | $1,272 |
| Value after costs | $10,282 | $10,870 | $11,491 |
| Impact on return, per year | 2.18% | 2.18% | 2.18% |
C000193427 Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending January 22, 2021.
- Explicit cost rate (commissions ÷ average net assets): 0.0672%
- Total broker commissions: $58K
- Bought from dealers (principal trades, not a cost): $38.5M
- Portfolio turnover (prospectus): 0%
- Securities lending: none during the year
C000193427 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| ADM Investor Services, Inc. | $58K | 100.00% |
C000193427 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| ADM Investor Services, Inc. | $33.5M | 87.01% |
| U.S. Bancorp Investments, Inc. | $5.0M | 12.99% |
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 Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date.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.