C000226696 Fees and Costs — TFA Multidimensional Tactical Fund, Class I
Data updated: 2022-05-31
The net expense ratio is 2.03% (2.23% before fee waivers). There are no sales loads or redemption fees. In fiscal 2021 the fund paid $62K in broker commissions, 0.1182% of average net assets, and portfolio turnover was 1599%.
C000226696 Fees and Expenses
Annual operating expenses and sales charges of C000226696. Prospectus, as of April 30, 2022.
| Annual operating expenses | |
|---|---|
| Management fee | 1.30% |
| 12b-1 fee | 0.00% |
| Other expenses | — |
| Gross expense ratio | 2.23% |
| Fee waiver | −0.20% |
| Net expense ratio | 2.03% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | No |
| Waived fees subject to recoupment | No |
C000226696 Costs Over Time
On $10,000 invested in C000226696, assuming 5% a year before costs, total costs come to $1,313 over 5 years, cutting the return by 2.26% 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 2.03%) | $213 | $657 | $1,126 |
| Trading costs (broker commissions) | $12 | $38 | $66 |
| Lost growth on money paid in costs | $0 | $35 | $122 |
| Total costs | $226 | $730 | $1,313 |
| Value after costs | $10,274 | $10,846 | $11,450 |
| Impact on return, per year | 2.26% | 2.26% | 2.26% |
C000226696 Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending December 31, 2021.
- Explicit cost rate (commissions ÷ average net assets): 0.1182%
- Total broker commissions: $62K
- Bought from dealers (principal trades, not a cost): $7K
- Portfolio turnover (prospectus): 1599%
- Securities lending: none during the year
C000226696 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Interactive Brokers | $61K | 97.60% |
| Guggenheim Securities, LLC | $2K | 2.40% |
C000226696 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Interactive Brokers | $7K | 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 Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date.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.