CAVTX Fees and Costs — Adaptive Tactical Rotation Fund, Class A
Data updated: 2021-10-26
The net expense ratio is 1.69% (2.78% before fee waivers). This share class carries a maximum front-end sales load of 4.50%. In fiscal 2021 the fund paid $31K in broker commissions, 0.1661% of average net assets, and portfolio turnover was 529%.
CAVTX Fees and Expenses
Annual operating expenses and sales charges of CAVTX. Prospectus, as of May 31, 2021.
| Annual operating expenses | |
|---|---|
| Management fee | 1.00% |
| 12b-1 fee | 0.25% |
| Other expenses | 1.34% |
| Gross expense ratio | 2.78% |
| Fee waiver | −1.09% |
| Net expense ratio | 1.69% |
| Sales charges | |
|---|---|
| Max front load | 4.50% |
| 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 |
CAVTX Costs Over Time
On $10,000 invested in CAVTX, assuming 5% a year before costs, total costs come to $1,664 over 5 years, cutting the return by 2.89% 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 | $450 | $450 | $450 |
| Fund expenses (net expense ratio 1.69%) | $169 | $524 | $901 |
| Trading costs (broker commissions) | $17 | $52 | $89 |
| Lost growth on money paid in costs | $23 | $100 | $225 |
| Total costs | $659 | $1,125 | $1,664 |
| Value after costs | $9,841 | $10,451 | $11,099 |
| Impact on return, per year | 6.59% | 3.52% | 2.89% |
CAVTX 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): 0.1661%
- Total broker commissions: $31K
- Bought from dealers (principal trades, not a cost): $244
- Portfolio turnover (prospectus): 529%
- Securities lending: none during the year
CAVTX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Wallachbeth Capital, LLC | $31K | 100.00% |
CAVTX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Wallachbeth Capital, LLC | $244 | 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 Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date.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.