DHTRX Fees and Costs — Centre Active U.S. Treasury Fund, Investor Class
Data updated: 2020-08-19
The net expense ratio is 1.11% (1.37% before fee waivers). There are no sales loads or redemption fees. In fiscal 2019 the fund paid $3K in broker commissions, 0.0065% of average net assets, and portfolio turnover was 9%.
DHTRX Fees and Expenses
Annual operating expenses and sales charges of DHTRX. Prospectus, as of January 31, 2020.
| Annual operating expenses | |
|---|---|
| Management fee | 0.40% |
| 12b-1 fee | 0.25% |
| Other expenses | — |
| Gross expense ratio | 1.37% |
| Fee waiver | −0.26% |
| Net expense ratio | 1.11% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| Max deferred load | — |
| Redemption fee | 0.00% |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | Yes |
DHTRX Costs Over Time
On $10,000 invested in DHTRX, assuming 5% a year before costs, total costs come to $697 over 5 years, cutting the return by 1.17% 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 1.11%) | $117 | $363 | $629 |
| Trading costs (broker commissions) | $1 | $2 | $4 |
| Lost growth on money paid in costs | $0 | $18 | $64 |
| Total costs | $117 | $383 | $697 |
| Value after costs | $10,383 | $11,193 | $12,066 |
| Impact on return, per year | 1.17% | 1.17% | 1.17% |
DHTRX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending September 30, 2019.
- Explicit cost rate (commissions ÷ average net assets): 0.0065%
- Total broker commissions: $3K
- Bought from dealers (principal trades, not a cost): $14.9M
- Portfolio turnover (prospectus): 9%
- Securities lending: none during the year
DHTRX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| INTERACTIVE BROKERS LLC | $2K | 100.00% |
DHTRX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| RAYMOND JAMES & ASSOCIATES, INC. | $14.9M | 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 Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date.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.