C000201843 Fees and Costs — AINN Fund, N/a Class
Data updated: 2022-04-07
The net expense ratio is 2.51%. There are no sales loads or redemption fees. In fiscal 2021 the fund paid $42K in broker commissions, 0.3497% of average net assets, and portfolio turnover was 584%.
C000201843 Fees and Expenses
Annual operating expenses and sales charges of C000201843. Prospectus, as of December 31, 2021.
| Annual operating expenses | |
|---|---|
| Management fee | 1.25% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.72% |
| Gross expense ratio | 2.51% |
| Fee waiver | — |
| Net expense ratio | 2.51% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| Max deferred load | 0.00% |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | No |
| Fees waived or reduced during the year | No |
| Waived fees subject to recoupment | No |
C000201843 Costs Over Time
On $10,000 invested in C000201843, assuming 5% a year before costs, total costs come to $1,723 over 5 years, cutting the return by 3.00% 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 2.51%) | $264 | $807 | $1,371 |
| Trading costs (broker commissions) | $37 | $112 | $191 |
| Lost growth on money paid in costs | $0 | $46 | $161 |
| Total costs | $300 | $965 | $1,723 |
| Value after costs | $10,200 | $10,611 | $11,039 |
| Impact on return, per year | 3.00% | 3.00% | 3.00% |
C000201843 Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending May 31, 2021.
- Explicit cost rate (commissions ÷ average net assets): 0.3497%
- Total broker commissions: $42K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 584%
- Securities lending: none during the year
C000201843 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Gar Wood Securities, LLC | $42K | 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 Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date.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.