CASTX Fees and Costs — Castle Focus Fund, Class C
Data updated: 2024-02-23
The net expense ratio is 2.35%: a 1.00% management fee, a 1.00% 12b-1 fee plus 0.58% other expenses, less a 0.24% fee waiver. There are no sales loads or redemption fees. In fiscal 2023 the fund paid $1K in broker commissions, 0.0039% of average net assets, and portfolio turnover was 27%.
CASTX Fees and Expenses
Annual operating expenses and sales charges of CASTX. Prospectus, as of October 31, 2023.
| Annual operating expenses | |
|---|---|
| Management fee | 1.00% |
| 12b-1 fee | 1.00% |
| Other expenses | 0.58% |
| Gross expense ratio | 2.59% |
| Fee waiver | −0.24% |
| Net expense ratio | 2.35% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | 0.00% |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | No |
CASTX Costs Over Time
On $10,000 invested in CASTX, assuming 5% a year before costs, total costs come to $1,433 over 5 years, cutting the return by 2.47% 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 2.35%) | $247 | $759 | $1,298 |
| Trading costs (broker commissions) | $0 | $1 | $2 |
| Lost growth on money paid in costs | $0 | $38 | $133 |
| Total costs | $247 | $798 | $1,433 |
| Value after costs | $10,253 | $10,778 | $11,330 |
| Impact on return, per year | 2.47% | 2.47% | 2.47% |
CASTX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending June 30, 2023.
- Explicit cost rate (commissions ÷ average net assets): 0.0039%
- Total broker commissions: $1K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 27%
- Securities lending: none during the year
CASTX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Charles Schwab | $1K | 100.00% |
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 Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date.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.