FLCGX Fees and Costs — Sector Rotation Fund, Retail Class
Data updated: 2026-08-05
The net expense ratio is 1.74%. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $5K in broker commissions, 0.0140% of average net assets, and portfolio turnover was 170%.
FLCGX Fees and Expenses
Annual operating expenses and sales charges of FLCGX. Prospectus, as of May 14, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.75% |
| 12b-1 fee | 0.20% |
| Other expenses | 0.71% |
| Gross expense ratio | 1.74% |
| Fee waiver | — |
| Net expense ratio | 1.74% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | No |
| Fees waived or reduced during the year | No |
| Waived fees subject to recoupment | No |
FLCGX Costs Over Time
On $10,000 invested in FLCGX, assuming 5% a year before costs, total costs come to $1,081 over 5 years, cutting the return by 1.84% 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 1.74%) | $183 | $566 | $973 |
| Trading costs (broker commissions) | $1 | $5 | $8 |
| Lost growth on money paid in costs | $0 | $28 | $100 |
| Total costs | $184 | $599 | $1,081 |
| Value after costs | $10,316 | $10,978 | $11,682 |
| Impact on return, per year | 1.84% | 1.84% | 1.84% |
FLCGX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending December 31, 2025.
- Explicit cost rate (commissions ÷ average net assets): 0.0140%
- Total broker commissions: $5K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 170%
- Securities lending: none during the year
FLCGX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| GOLDMAN SACHS & CO. LLC | $3K | 53.12% |
| CLEAR STREET LLC | $3K | 46.88% |
Sector Rotation Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| QNTIX | Institutional Class | 1.55% | — |
| QNTAX | Adviser Class | 1.60% | — |
| FLCGX | Retail Class | 1.74% | — |
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 Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date.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.