C000233944 Fees and Costs — Cromwell Long Short Fund, Class C
Data updated: 2026-08-21
The net expense ratio is 3.06% (3.25% before fee waivers). This share class carries a deferred sales charge of up to 1.00%. In fiscal 2025 the fund paid $39K in broker commissions, 0.0436% of average net assets, and portfolio turnover was 18%.
C000233944 Fees and Expenses
Annual operating expenses and sales charges of C000233944. Prospectus, as of April 30, 2023.
| Annual operating expenses | |
|---|---|
| Management fee | 1.40% |
| 12b-1 fee | 1.00% |
| Other expenses | — |
| Gross expense ratio | 3.25% |
| Fee waiver | −0.19% |
| Net expense ratio | 3.06% |
| 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 | No |
| Waived fees subject to recoupment | Yes |
C000233944 Costs Over Time
On $10,000 invested in C000233944, assuming 5% a year before costs, total costs come to $1,861 over 5 years, cutting the return by 3.26% 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 |
| Sales charges | $102 | $0 | $0 |
| Fund expenses (net expense ratio 3.06%) | $321 | $981 | $1,663 |
| Trading costs (broker commissions) | $5 | $14 | $24 |
| Lost growth on money paid in costs | $0 | $50 | $174 |
| Total costs | $428 | $1,045 | $1,861 |
| Value after costs | $10,072 | $10,532 | $10,901 |
| Impact on return, per year | 4.28% | 3.26% | 3.26% |
C000233944 Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending December 31, 2025.
- Explicit cost rate (commissions ÷ average net assets): 0.0436%
- Total broker commissions: $39K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 18%
- Securities lending: none during the year
C000233944 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| STIFEL NICHOLAS & CO., INC. | $12K | 30.66% |
| TD SECURITIES (USA) LLC | $11K | 28.82% |
| WELLS FARGO SECURITIES, LLC | $8K | 21.21% |
| JEFFERIES LLC | $4K | 9.13% |
| STATE STREET GLOBAL MARKETS, LLC | $2K | 5.58% |
| KEYBANC CAPITAL MARKETS, INC. | $711 | 1.85% |
| PIPER SANDLER & CO. | $578 | 1.50% |
| Needham & Company, LLC | $173 | 0.45% |
| GOLDMAN SACHS & CO. LLC | $156 | 0.41% |
| RBC CAPITAL MARKETS, LLC | $146 | 0.38% |
Cromwell Long Short Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| MFLDX | Institutional Class | 1.71% | — |
| MFADX | Investor Class | 1.96% | — |
| C000233944 | Class C | 3.06% | 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.