C000210176 Fees and Costs — Tactical Conservative Allocation Fund, Class I
Data updated: 2021-08-26
The net expense ratio is 2.16% (2.51% before fee waivers). There are no sales loads or redemption fees. In fiscal 2020 the fund paid $110K in broker commissions, 0.3161% of average net assets, and portfolio turnover was 1317%.
C000210176 Fees and Expenses
Annual operating expenses and sales charges of C000210176. Prospectus, as of April 30, 2021.
| Annual operating expenses | |
|---|---|
| Management fee | 1.30% |
| 12b-1 fee | 0.00% |
| Other expenses | 1.00% |
| Gross expense ratio | 2.51% |
| Fee waiver | −0.35% |
| Net expense ratio | 2.16% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| Max deferred load | 0.00% |
| Redemption fee | 0.00% |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | Yes |
C000210176 Costs Over Time
On $10,000 invested in C000210176, assuming 5% a year before costs, total costs come to $1,504 over 5 years, cutting the return by 2.60% 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 2.16%) | $227 | $697 | $1,190 |
| Trading costs (broker commissions) | $33 | $102 | $174 |
| Lost growth on money paid in costs | $0 | $40 | $140 |
| Total costs | $260 | $839 | $1,504 |
| Value after costs | $10,240 | $10,737 | $11,259 |
| Impact on return, per year | 2.60% | 2.60% | 2.60% |
C000210176 Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending December 31, 2020.
- Explicit cost rate (commissions ÷ average net assets): 0.3161%
- Total broker commissions: $110K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 1317%
- Securities lending: none during the year
C000210176 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| WallachBeth Capital, LLC | $19K | 19.92% |
| CAPITAL INSTITUTIONAL SERVICES, INC. (CAPIS) | $13K | 13.74% |
| JONESTRADING | $13K | 13.09% |
| PIPER SANDLER & CO. | $11K | 11.41% |
| Wall Street Access | $10K | 10.35% |
| Tradestation Securities, Inc. | $10K | 9.91% |
| Mischler Financial Group, Inc. | $7K | 7.56% |
| INTERACTIVE BROKERS LLC | $7K | 6.85% |
| BTIG, LLC | $4K | 3.87% |
| NEEDHAM & COMPANY, LLC | $3K | 3.30% |
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.