CAPOX Fees and Costs — Absolute Capital Opportunities Fund, Institutional Class Shares
Data updated: 2026-08-25
The net expense ratio is 1.51% (1.79% before fee waivers). There are no sales loads or redemption fees. In fiscal 2026 the fund paid $21K in broker commissions, 0.0380% of average net assets, and portfolio turnover was 23%.
CAPOX Fees and Expenses
Annual operating expenses and sales charges of CAPOX. Prospectus, as of August 1, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 1.40% |
| 12b-1 fee | 0.00% |
| Other expenses | — |
| Gross expense ratio | 1.79% |
| Fee waiver | −0.28% |
| Net expense ratio | 1.51% |
| 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 |
CAPOX Costs Over Time
On $10,000 invested in CAPOX, assuming 5% a year before costs, total costs come to $958 over 5 years, cutting the return by 1.63% 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 1.51%) | $159 | $492 | $848 |
| Trading costs (broker commissions) | $4 | $12 | $21 |
| Lost growth on money paid in costs | $0 | $25 | $88 |
| Total costs | $163 | $529 | $958 |
| Value after costs | $10,337 | $11,047 | $11,805 |
| Impact on return, per year | 1.63% | 1.63% | 1.63% |
CAPOX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending March 31, 2026.
- Explicit cost rate (commissions ÷ average net assets): 0.0380%
- Total broker commissions: $21K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 23%
- Securities lending: none during the year
CAPOX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| PERSHING LLC | $17K | 79.55% |
| MAREX CAPITAL MARKETS, INC | $4K | 20.45% |
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 Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date.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.