FOGRX Fees and Costs — Tributary Growth Opportunities Fund, Institutional Class
Data updated: 2022-06-13
The net expense ratio is 1.05%: a 0.75% management fee plus 0.59% other expenses, less a 0.29% fee waiver. There are no sales loads or redemption fees. In fiscal 2022 the fund paid $111K in broker commissions, 0.0694% of average net assets, and portfolio turnover was 64%.
FOGRX Fees and Expenses
Annual operating expenses and sales charges of FOGRX. Prospectus, as of July 31, 2021.
| Annual operating expenses | |
|---|---|
| Management fee | 0.75% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.59% |
| Gross expense ratio | 1.34% |
| Fee waiver | −0.29% |
| Net expense ratio | 1.05% |
| 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 |
FOGRX Costs Over Time
On $10,000 invested in FOGRX, assuming 5% a year before costs, total costs come to $699 over 5 years, cutting the return by 1.18% 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 1.05%) | $110 | $344 | $595 |
| Trading costs (broker commissions) | $7 | $23 | $39 |
| Lost growth on money paid in costs | $0 | $18 | $64 |
| Total costs | $118 | $384 | $699 |
| Value after costs | $10,382 | $11,192 | $12,064 |
| Impact on return, per year | 1.18% | 1.18% | 1.18% |
FOGRX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending March 31, 2022.
- Explicit cost rate (commissions ÷ average net assets): 0.0694%
- Total broker commissions: $111K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 64%
- Securities lending: none during the year
FOGRX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| ITG INC. | $104K | 93.81% |
| UBS SECURITIES LLC | $3K | 2.52% |
| UBS PAINE WEBBER INC | $2K | 2.22% |
| NATIONAL FINANCIAL SERVICES CORPORATION | $2K | 1.44% |
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 Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date.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.