HSUAX Fees and Costs — Rational Dynamic Brands Fund, Class A
Data updated: 2026-08-28
The net expense ratio is 1.43%: a 0.75% management fee, a 0.25% 12b-1 fee plus 0.43% other expenses. This share class carries a maximum front-end sales load of 4.75%. In fiscal 2025 the fund paid $21K in broker commissions, 0.0296% of average net assets, and portfolio turnover was 267%.
HSUAX Fees and Expenses
Annual operating expenses and sales charges of HSUAX. Prospectus, as of April 30, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.75% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.43% |
| Gross expense ratio | 1.43% |
| Fee waiver | — |
| Net expense ratio | 1.43% |
| Sales charges | |
|---|---|
| Max front load | 4.75% |
| 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 | Yes |
HSUAX Costs Over Time
On $10,000 invested in HSUAX, assuming 5% a year before costs, total costs come to $1,468 over 5 years, cutting the return by 2.53% 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 | $475 | $475 | $475 |
| Fund expenses (net expense ratio 1.43%) | $143 | $444 | $766 |
| Trading costs (broker commissions) | $3 | $9 | $16 |
| Lost growth on money paid in costs | $24 | $97 | $211 |
| Total costs | $645 | $1,026 | $1,468 |
| Value after costs | $9,855 | $10,551 | $11,295 |
| Impact on return, per year | 6.45% | 3.20% | 2.53% |
HSUAX 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): 0.0296%
- Total broker commissions: $21K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 267%
- Securities lending: none during the year
HSUAX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| WALLACHBETH CAPITAL LLC | $21K | 100.00% |
Rational Dynamic Brands Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| HSUTX | Institutional Shares | 1.16% | none |
| HSUAX | Class A | 1.43% | 4.75% |
| HSUCX | Class C | 2.12% | 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.