EMWIX Fees and Costs — The Diplomat Fund
Data updated: 2026-09-24
The net expense ratio is 1.02%: a 0.90% management fee plus a 2.99% 12b-1 fee, less a 2.87% fee waiver. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $1K in broker commissions, 0.0135% of average net assets, and portfolio turnover was 323%.
EMWIX Fees and Expenses
Annual operating expenses and sales charges of EMWIX. Prospectus, as of February 28, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.90% |
| 12b-1 fee | 2.99% |
| Other expenses | — |
| Gross expense ratio | 3.89% |
| Fee waiver | −2.87% |
| Net expense ratio | 1.02% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | Yes |
EMWIX Costs Over Time
On $10,000 invested in EMWIX, assuming 5% a year before costs, total costs come to $646 over 5 years, cutting the return by 1.09% 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 1.02%) | $107 | $334 | $579 |
| Trading costs (broker commissions) | $1 | $4 | $8 |
| Lost growth on money paid in costs | $0 | $17 | $59 |
| Total costs | $109 | $355 | $646 |
| Value after costs | $10,391 | $11,221 | $12,117 |
| Impact on return, per year | 1.09% | 1.09% | 1.09% |
EMWIX 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): 0.0135%
- Total broker commissions: $1K
- Bought from dealers (principal trades, not a cost): $46.7M
- Portfolio turnover (prospectus): 323%
- Securities lending: none during the year
EMWIX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| RBC CAPITAL MARKETS, LLC | $1K | 100.00% |
EMWIX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| RBC CAPITAL MARKETS, LLC | $46.7M | 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 Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date.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.