FLOTX Fees and Costs — DF Tactical Yield Fund, Class I
Data updated: 2026-09-14
The net expense ratio is 1.92%. There are no sales loads or redemption fees. In fiscal 2026 the fund paid $28K in broker commissions, 0.0514% of average net assets, and portfolio turnover was 292%.
FLOTX Fees and Expenses
Annual operating expenses and sales charges of FLOTX. Prospectus, as of October 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.65% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.53% |
| Gross expense ratio | 1.92% |
| Fee waiver | — |
| Net expense ratio | 1.92% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| Max deferred load | 0.00% |
| Redemption fee | 0.00% |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | No |
| Waived fees subject to recoupment | No |
FLOTX Costs Over Time
On $10,000 invested in FLOTX, assuming 5% a year before costs, total costs come to $1,209 over 5 years, cutting the return by 2.07% 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 1.92%) | $202 | $623 | $1,069 |
| Trading costs (broker commissions) | $5 | $17 | $29 |
| Lost growth on money paid in costs | $0 | $32 | $112 |
| Total costs | $207 | $671 | $1,209 |
| Value after costs | $10,293 | $10,905 | $11,553 |
| Impact on return, per year | 2.07% | 2.07% | 2.07% |
FLOTX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending June 30, 2026.
- Explicit cost rate (commissions ÷ average net assets): 0.0514%
- Total broker commissions: $28K
- Bought from dealers (principal trades, not a cost): $54.9M
- Portfolio turnover (prospectus): 292%
- Securities on loan, average value: $9.4M
- Net income from securities lending: $55K (0.100% of average net assets)
FLOTX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| JANE STREET | $11K | 38.90% |
| JP MORGAN | $4K | 15.35% |
| Everett Financial Group | $3K | 9.67% |
| Stonex Financial Inc. | $2K | 8.15% |
| JNK Securities Corp. | $2K | 7.24% |
| CITADEL SECURITIES LLC | $2K | 7.08% |
| COWEN & COMPANY | $2K | 6.07% |
| Virtu Americas LLC | $2K | 6.04% |
| Susquehanna Capital Group | $422 | 1.49% |
FLOTX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| US BANCORP | $54.9M | 100.00% |
DF Tactical Yield Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| FLOTX | Class I | 1.92% | none |
| FLOCX | Class C | 2.17% | 5.00% |
| FLOAX | Class A | 2.92% | 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.