C000230318 Fees and Costs — Easterly Snow Small Cap Value Fund, Class A
Data updated: 2026-07-20
The net expense ratio is 1.20%: a 0.75% management fee, a 0.25% 12b-1 fee plus 0.96% other expenses, less a 0.76% fee waiver. This share class carries a maximum front-end sales load of 5.75%. In fiscal 2025 the fund paid $4K in broker commissions, 0.0140% of average net assets, and portfolio turnover was 20%.
C000230318 Fees and Expenses
Annual operating expenses and sales charges of C000230318. Prospectus, as of December 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.75% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.96% |
| Gross expense ratio | 1.96% |
| Fee waiver | −0.76% |
| Net expense ratio | 1.20% |
| Sales charges | |
|---|---|
| Max front load | 5.75% |
| 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 |
C000230318 Costs Over Time
On $10,000 invested in C000230318, assuming 5% a year before costs, total costs come to $1,447 over 5 years, cutting the return by 2.50% 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 | $575 | $575 | $575 |
| Fund expenses (net expense ratio 1.20%) | $119 | $370 | $640 |
| Trading costs (broker commissions) | $1 | $4 | $7 |
| Lost growth on money paid in costs | $29 | $109 | $224 |
| Total costs | $724 | $1,058 | $1,447 |
| Value after costs | $9,776 | $10,518 | $11,316 |
| Impact on return, per year | 7.24% | 3.30% | 2.50% |
C000230318 Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending August 31, 2025.
- Explicit cost rate (commissions ÷ average net assets): 0.0140%
- Total broker commissions: $4K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 20%
- Securities lending: none during the year
C000230318 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| RBC Capital Markets | $1K | 35.12% |
| RAYMOND JAMES | $1K | 26.72% |
| BARCLAYS | $575 | 15.09% |
| PIPER SANDLER | $333 | 8.75% |
| GOLDMAN SACHS | $223 | 5.85% |
| J.P. MORGAN CHASE | $187 | 4.90% |
| MORGAN STANLEY & CO. INC. | $137 | 3.59% |
Easterly Snow Small Cap Value Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| SNWRX | Class R6 | 0.85% | none |
| C000230316 | Class I | 0.95% | none |
| C000230318 | Class A | 1.20% | 5.75% |
| C000230315 | Class C | 1.95% | none |
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.