EMPIX Fees and Costs — The Ambassador Fund
Data updated: 2026-09-24
The net expense ratio is 1.41%. There are no sales loads or redemption fees. Portfolio turnover was 67%.
EMPIX Fees and Expenses
Annual operating expenses and sales charges of EMPIX. Prospectus, as of February 28, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 1.20% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.16% |
| Gross expense ratio | — |
| Fee waiver | −0.05% |
| Net expense ratio | 1.41% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | No |
| Waived fees subject to recoupment | Yes |
EMPIX Costs Over Time
On $10,000 invested in EMPIX, assuming 5% a year before costs, total costs come to $875 over 5 years, cutting the return by 1.48% 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 1.41%) | $148 | $460 | $794 |
| Lost growth on money paid in costs | $0 | $23 | $81 |
| Total costs | $148 | $483 | $875 |
| Value after costs | $10,352 | $11,093 | $11,888 |
| Impact on return, per year | 1.48% | 1.48% | 1.48% |
EMPIX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending October 31, 2025.
- Explicit cost rate (commissions ÷ average net assets): —
- Total broker commissions: —
- Bought from dealers (principal trades, not a cost): $1.1B
- Portfolio turnover (prospectus): 67%
- Securities lending: none during the year
EMPIX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| RBC CAPITAL MARKETS, LLC | $335.9M | 35.02% |
| BEECH HILL SECURITIES, INC. | $206.9M | 21.57% |
| Aon Securities LLC | $141.6M | 14.76% |
| TP ICAP GLOBAL MARKETS AMERICAS LLC | $108.6M | 11.32% |
| TigerRisk Partners LLC | $43.0M | 4.49% |
| BROWN BROTHERS HARRIMAN & CO. | $39.5M | 4.12% |
| SWISS RE CAPITAL MARKETS CORPORATION | $36.9M | 3.85% |
| WILLIS TOWERS WATSON SECURITIES, LLC | $28.4M | 2.96% |
| MILLER INSURANCE SERVICES LLP | $18.3M | 1.91% |
The Ambassador Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| EMPIX | The Ambassador Fund | 1.41% | none |
| EMPSX | C000274169 | 1.66% | none |
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.