C000218605 Fees and Costs — Aquila Tax-Free Trust of Oregon, Class C
Data updated: 2024-08-21
The net expense ratio is 1.55%: a 0.40% management fee, a 1.00% 12b-1 fee plus 0.16% other expenses, less a 0.01% fee waiver. This share class carries a deferred sales charge of up to 1.00%. Portfolio turnover was 12%.
C000218605 Fees and Expenses
Annual operating expenses and sales charges of C000218605. Prospectus, as of July 31, 2023.
| Annual operating expenses | |
|---|---|
| Management fee | 0.40% |
| 12b-1 fee | 1.00% |
| Other expenses | 0.16% |
| Gross expense ratio | 1.56% |
| Fee waiver | −0.01% |
| Net expense ratio | 1.55% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| Max deferred load | 1.00% |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | No |
C000218605 Costs Over Time
On $10,000 invested in C000218605, assuming 5% a year before costs, total costs come to $959 over 5 years, cutting the return by 1.63% 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 |
| Sales charges | $103 | $0 | $0 |
| Fund expenses (net expense ratio 1.55%) | $163 | $505 | $871 |
| Lost growth on money paid in costs | $0 | $25 | $88 |
| Total costs | $266 | $530 | $959 |
| Value after costs | $10,234 | $11,046 | $11,804 |
| Impact on return, per year | 2.66% | 1.63% | 1.63% |
C000218605 Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending March 31, 2024.
- Explicit cost rate (commissions ÷ average net assets): —
- Total broker commissions: —
- Bought from dealers (principal trades, not a cost): $220.9M
- Portfolio turnover (prospectus): 12%
- Securities lending: none during the year
C000218605 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| PERSHING LLC | $66.1M | 34.88% |
| D.A. DAVIDSON & CO. | $48.0M | 25.34% |
| NATIONAL FINANCIAL SERVICES LLC | $17.7M | 9.33% |
| STERNE AGEE & LEACH, INC | $10.6M | 5.57% |
| RBC CAPITAL MARKETS LLC | $9.8M | 5.18% |
| RAYMOND JAMES & ASSOCIATES, INC. | $9.5M | 5.03% |
| Wedbush Securities Inc. | $9.1M | 4.78% |
| WELLS FARGO SECURITIES, LLC | $7.2M | 3.80% |
| MORGAN STANLEY & CO. LLC | $5.8M | 3.05% |
| OPPENHEIMER & CO. INC. | $5.7M | 3.03% |
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.