GRNPX Fees and Costs — Cromwell Greenspring Mid Cap Fund
Data updated: 2026-08-21
The net expense ratio is 1.38%: a 0.75% management fee, a 0.25% 12b-1 fee plus 0.38% other expenses. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $51K in broker commissions, 0.0420% of average net assets, and portfolio turnover was 6%.
GRNPX Fees and Expenses
Annual operating expenses and sales charges of GRNPX. Prospectus, as of December 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.75% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.38% |
| Gross expense ratio | 1.38% |
| Fee waiver | — |
| Net expense ratio | 1.38% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | No |
| Waived fees subject to recoupment | Yes |
GRNPX Costs Over Time
On $10,000 invested in GRNPX, assuming 5% a year before costs, total costs come to $882 over 5 years, cutting the return by 1.49% 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 1.38%) | $145 | $450 | $777 |
| Trading costs (broker commissions) | $4 | $14 | $24 |
| Lost growth on money paid in costs | $0 | $23 | $81 |
| Total costs | $149 | $487 | $882 |
| Value after costs | $10,351 | $11,089 | $11,881 |
| Impact on return, per year | 1.49% | 1.49% | 1.49% |
GRNPX 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): 0.0420%
- Total broker commissions: $51K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 6%
- Securities lending: none during the year
GRNPX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Instinet LLC | $38K | 84.76% |
| JP MORGAN SECURITIES LLC | $4K | 9.41% |
| WELLS FARGO SECURITIES, LLC | $2K | 3.37% |
| ROBERT W. BAIRD & CO. INC. | $1K | 2.46% |
Cromwell Greenspring Mid Cap Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| GRSPX | Institutional Class | 1.13% | — |
| GRNPX | C000243272 | 1.38% | — |
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.