FFBAX Fees and Costs — First Foundation Fixed Income Fund, Class A
Data updated: 2026-08-27
The net expense ratio is 1.28%. This share class carries a maximum front-end sales load of 4.25%. In fiscal 2025 the fund paid $222 in broker commissions, 0.0003% of average net assets, and portfolio turnover was 22%.
FFBAX Fees and Expenses
Annual operating expenses and sales charges of FFBAX. Prospectus, as of January 31, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.30% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.66% |
| Gross expense ratio | 1.28% |
| Fee waiver | — |
| Net expense ratio | 1.28% |
| Sales charges | |
|---|---|
| Max front load | 4.25% |
| Max deferred load | 0.00% |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | No |
| Waived fees subject to recoupment | Yes |
FFBAX Costs Over Time
On $10,000 invested in FFBAX, assuming 5% a year before costs, total costs come to $1,305 over 5 years, cutting the return by 2.24% 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 |
| Sales charges | $425 | $425 | $425 |
| Fund expenses (net expense ratio 1.28%) | $129 | $400 | $692 |
| Trading costs (broker commissions) | $0 | $0 | $0 |
| Lost growth on money paid in costs | $21 | $87 | $188 |
| Total costs | $575 | $912 | $1,305 |
| Value after costs | $9,925 | $10,664 | $11,458 |
| Impact on return, per year | 5.75% | 2.83% | 2.24% |
FFBAX 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): 0.0003%
- Total broker commissions: $222
- Bought from dealers (principal trades, not a cost): $35.1M
- Portfolio turnover (prospectus): 22%
- Securities lending: none during the year
FFBAX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| ROBERT W. BAIRD | $222 | 100.00% |
FFBAX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| MORGAN STANLEY AND CO | $8.9M | 25.33% |
| JP MORGAN | $6.4M | 18.18% |
| TRADEWEB DIRECT | $5.0M | 14.33% |
| BAML | $4.5M | 12.80% |
| JEFFERIES LLC | $2.3M | 6.63% |
| CITIGROUP | $2.3M | 6.62% |
| UBS FINANCIAL SERVICES | $1.9M | 5.51% |
| LIQUIDNET | $1.5M | 4.41% |
| GOLDMAN SACHS | $1.3M | 3.72% |
| STONEX GROUP | $870K | 2.48% |
First Foundation Fixed Income Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| FFBYX | Class Y | 1.03% | none |
| FFBAX | Class A | 1.28% | 4.25% |
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.