GHTAX Fees and Costs — Leland Real Asset Opportunities Fund, Class A
Data updated: 2020-08-28
The net expense ratio is 1.84% (1.90% before fee waivers). This share class carries a maximum front-end sales load of 5.75% and a redemption fee of 1.00%. In fiscal 2019 the fund paid $23K in broker commissions, 0.1285% of average net assets, and portfolio turnover was 50%.
GHTAX Fees and Expenses
Annual operating expenses and sales charges of GHTAX. Prospectus, as of February 29, 2020.
| Annual operating expenses | |
|---|---|
| Management fee | 0.90% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.66% |
| Gross expense ratio | 1.90% |
| Fee waiver | −0.06% |
| Net expense ratio | 1.84% |
| Sales charges | |
|---|---|
| Max front load | 5.75% |
| Max deferred load | 0.00% |
| Redemption fee | 1.00% |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | Yes |
GHTAX Costs Over Time
On $10,000 invested in GHTAX, assuming 5% a year before costs, total costs come to $1,872 over 5 years, cutting the return by 3.28% 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 | $575 | $575 | $575 |
| Fund expenses (net expense ratio 1.84%) | $182 | $562 | $965 |
| Trading costs (broker commissions) | $13 | $39 | $67 |
| Lost growth on money paid in costs | $29 | $121 | $264 |
| Total costs | $799 | $1,297 | $1,872 |
| Value after costs | $9,701 | $10,279 | $10,891 |
| Impact on return, per year | 7.99% | 4.08% | 3.28% |
GHTAX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending September 30, 2019.
- Explicit cost rate (commissions ÷ average net assets): 0.1285%
- Total broker commissions: $23K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 50%
- Securities lending: none during the year
GHTAX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Wolverine Trading LLC | $23K | 99.14% |
| Wexford Clearing Services LLC | $197 | 0.86% |
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 Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date.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.