C000226704 Fees and Costs — Tactical Moderate Allocation Fund, Class I
Data updated: 2022-08-29
The net expense ratio is 2.24% (2.58% before fee waivers). There are no sales loads or redemption fees. In fiscal 2021 the fund paid $23K in broker commissions, 0.0643% of average net assets, and portfolio turnover was 346%.
C000226704 Fees and Expenses
Annual operating expenses and sales charges of C000226704. Prospectus, as of April 30, 2022.
| Annual operating expenses | |
|---|---|
| Management fee | 1.30% |
| 12b-1 fee | 0.00% |
| Other expenses | — |
| Gross expense ratio | 2.58% |
| Fee waiver | −0.34% |
| Net expense ratio | 2.24% |
| 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 |
C000226704 Costs Over Time
On $10,000 invested in C000226704, assuming 5% a year before costs, total costs come to $1,404 over 5 years, cutting the return by 2.42% 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 2.24%) | $235 | $724 | $1,238 |
| Trading costs (broker commissions) | $7 | $21 | $36 |
| Lost growth on money paid in costs | $0 | $37 | $130 |
| Total costs | $242 | $782 | $1,404 |
| Value after costs | $10,258 | $10,794 | $11,359 |
| Impact on return, per year | 2.42% | 2.42% | 2.42% |
C000226704 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): 0.0643%
- Total broker commissions: $23K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 346%
- Securities lending: none during the year
C000226704 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Silver Leaf Partners | $6K | 25.80% |
| Mischler Financial Group, Inc. | $5K | 20.09% |
| Charles Schwab & Co | $3K | 14.74% |
| Intl FCStone Partners LP | $3K | 12.50% |
| Interactive Brokers | $3K | 11.60% |
| Wall Street Access | $2K | 6.87% |
| Wallachbeth Capital LLC | $892 | 3.86% |
| STONEX FINANCIAL INC | $522 | 2.26% |
| CAPITAL INSTITUTIONAL SERVICES INC | $415 | 1.80% |
| Jones Trading | $112 | 0.48% |
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.