HOSIX Fees and Costs — Holbrook Structured Income Fund, Class I
Data updated: 2026-09-25
The net expense ratio is 1.30%. There are no sales loads or redemption fees. Portfolio turnover was 55%.
HOSIX Fees and Expenses
Annual operating expenses and sales charges of HOSIX. Prospectus, as of August 28, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 1.00% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.27% |
| Gross expense ratio | 1.30% |
| Fee waiver | — |
| Net expense ratio | 1.30% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| Max deferred load | 0.00% |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | No |
| Waived fees subject to recoupment | No |
HOSIX Costs Over Time
On $10,000 invested in HOSIX, assuming 5% a year before costs, total costs come to $808 over 5 years, cutting the return by 1.36% 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 1.30%) | $136 | $425 | $734 |
| Lost growth on money paid in costs | $0 | $21 | $74 |
| Total costs | $136 | $446 | $808 |
| Value after costs | $10,364 | $11,131 | $11,955 |
| Impact on return, per year | 1.36% | 1.36% | 1.36% |
HOSIX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending April 30, 2026.
- Explicit cost rate (commissions ÷ average net assets): —
- Total broker commissions: —
- Bought from dealers (principal trades, not a cost): $961.4M
- Portfolio turnover (prospectus): 55%
- Securities lending: none during the year
HOSIX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| JANNEY MONTGOMERY SCOTT | $275.6M | 29.33% |
| PERFORMANCE TRUST CAPITAL PARTERS | $266.7M | 28.38% |
| HUNTINGTON BANK | $250.0M | 26.61% |
| NOMURA GROUP | $43.2M | 4.59% |
| BAIRD PATRICK & CO | $30.0M | 3.19% |
| BNP PARIBAS | $28.9M | 3.08% |
| MORGAN STANLEY SMITH BARNEY | $16.3M | 1.73% |
| JPMORGAN CHASE | $13.3M | 1.41% |
| US BANCORP | $10.0M | 1.06% |
| SOCIETE GENERALE SECURITIES SERVICES | $5.6M | 0.60% |
Holbrook Structured Income Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| HOSIX | Class I | 1.30% | none |
| HOSAX | Class A | 1.54% | 2.25% |
| HOSTX | Investor Class | 1.80% | 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.