ESGAX Fees and Costs — Dana Epiphany Equity Fund, Investor Class Shares
Data updated: 2026-09-24
The net expense ratio is 1.10%: a 0.65% management fee, a 0.25% 12b-1 fee plus 1.48% other expenses, less a 1.28% fee waiver. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $12K in broker commissions, 0.0173% of average net assets, and portfolio turnover was 40%.
ESGAX Fees and Expenses
Annual operating expenses and sales charges of ESGAX. Prospectus, as of February 29, 2020.
| Annual operating expenses | |
|---|---|
| Management fee | 0.65% |
| 12b-1 fee | 0.25% |
| Other expenses | 1.48% |
| Gross expense ratio | 2.38% |
| Fee waiver | −1.28% |
| Net expense ratio | 1.10% |
| 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 | Yes |
| Waived fees subject to recoupment | Yes |
ESGAX Costs Over Time
On $10,000 invested in ESGAX, 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 1.10%) | $116 | $360 | $623 |
| Trading costs (broker commissions) | $2 | $6 | $10 |
| Lost growth on money paid in costs | $0 | $18 | $64 |
| Total costs | $117 | $384 | $697 |
| Value after costs | $10,383 | $11,193 | $12,066 |
| Impact on return, per year | 1.17% | 1.17% | 1.17% |
ESGAX 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): 0.0173%
- Total broker commissions: $12K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 40%
- Securities lending: none during the year
ESGAX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| RAYMOND JAMES & ASSOCIATES INC | $5K | 41.10% |
| INSTINET LLC | $3K | 21.10% |
| COWEN & COMPANY LLC | $2K | 20.77% |
| J.P. MORGAN SECURITIES INC. | $2K | 16.79% |
| CAPITAL INSTITUTIONAL SERVICES, INC | $28 | 0.24% |
Dana Epiphany Equity Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| ESGIX | Institutional Class Shares | 0.85% | none |
| ESGAX | Investor Class Shares | 1.10% | 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.