CONWX Fees and Costs — Concorde Wealth Management Fund
Data updated: 2026-09-30
The net expense ratio is 1.80%. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $11K in broker commissions, 0.0260% of average net assets, and portfolio turnover was 13%.
CONWX Fees and Expenses
Annual operating expenses and sales charges of CONWX. Prospectus, as of January 31, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.80% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.85% |
| Gross expense ratio | 1.80% |
| Fee waiver | — |
| Net expense ratio | 1.80% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| Max deferred load | 0.00% |
| Redemption fee | 0.00% |
| Expense limitation in place (N-CEN) | No |
| Fees waived or reduced during the year | No |
| Waived fees subject to recoupment | No |
CONWX Costs Over Time
On $10,000 invested in CONWX, assuming 5% a year before costs, total costs come to $1,123 over 5 years, cutting the return by 1.92% 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 1.80%) | $189 | $585 | $1,005 |
| Trading costs (broker commissions) | $3 | $8 | $15 |
| Lost growth on money paid in costs | $0 | $30 | $104 |
| Total costs | $192 | $623 | $1,123 |
| Value after costs | $10,308 | $10,954 | $11,639 |
| Impact on return, per year | 1.92% | 1.92% | 1.92% |
CONWX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending September 30, 2025.
- Explicit cost rate (commissions ÷ average net assets): 0.0260%
- Total broker commissions: $11K
- Bought from dealers (principal trades, not a cost): $4.6M
- Portfolio turnover (prospectus): 13%
- Securities lending: none during the year
CONWX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| CAPITAL INSTITUTIONAL SERVICES INC. | $6K | 66.19% |
| BANK OF NEW YORK | $3K | 33.81% |
CONWX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| U.S. Bank N.A. | $4.0M | 88.78% |
| Cowen and Company, LLC | $501K | 11.22% |
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 Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date.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.