CAFGX Fees and Costs — Adaptive Fundamental Growth Fund, Institutional Class Shares
Data updated: 2021-10-26
The net expense ratio is 1.27% (1.69% before fee waivers). There are no sales loads or redemption fees. In fiscal 2021 the fund paid $32K in broker commissions, 0.0567% of average net assets, and portfolio turnover was 148%.
CAFGX Fees and Expenses
Annual operating expenses and sales charges of CAFGX. Prospectus, as of May 31, 2021.
| Annual operating expenses | |
|---|---|
| Management fee | 1.00% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.67% |
| Gross expense ratio | 1.69% |
| Fee waiver | −0.42% |
| Net expense ratio | 1.27% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| 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 | No |
CAFGX Costs Over Time
On $10,000 invested in CAFGX, assuming 5% a year before costs, total costs come to $824 over 5 years, cutting the return by 1.39% 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 1.27%) | $133 | $415 | $717 |
| Trading costs (broker commissions) | $6 | $19 | $32 |
| Lost growth on money paid in costs | $0 | $21 | $76 |
| Total costs | $139 | $455 | $824 |
| Value after costs | $10,361 | $11,122 | $11,938 |
| Impact on return, per year | 1.39% | 1.39% | 1.39% |
CAFGX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending May 31, 2021.
- Explicit cost rate (commissions ÷ average net assets): 0.0567%
- Total broker commissions: $32K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 148%
- Securities lending: none during the year
CAFGX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Wallachbeth Capital, LLC | $27K | 86.37% |
| Pershing, LLC | $2K | 5.93% |
| Merrill Lynch Capital Corp. | $1K | 4.19% |
| Interactive Brokers Corp. | $1K | 3.51% |
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 Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date.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.