HTDAX Fees and Costs — Tactical Dividend and Momentum Fund, Class A
Data updated: 2026-10-14
The net expense ratio is 1.87%. This share class carries a maximum front-end sales load of 5.75%. Portfolio turnover was 3%.
HTDAX Fees and Expenses
Annual operating expenses and sales charges of HTDAX. Prospectus, as of November 30, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 1.00% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.53% |
| Gross expense ratio | 1.87% |
| Fee waiver | — |
| Net expense ratio | 1.87% |
| Sales charges | |
|---|---|
| Max front load | 5.75% |
| Max deferred load | 0.00% |
| Redemption fee | — |
HTDAX Costs Over Time
On $10,000 invested in HTDAX, assuming 5% a year before costs, total costs come to $1,817 over 5 years, cutting the return by 3.18% 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 |
| Sales charges | $575 | $575 | $575 |
| Fund expenses (net expense ratio 1.87%) | $185 | $572 | $983 |
| Lost growth on money paid in costs | $29 | $119 | $259 |
| Total costs | $789 | $1,266 | $1,817 |
| Value after costs | $9,711 | $10,310 | $10,946 |
| Impact on return, per year | 7.89% | 3.98% | 3.18% |
HTDAX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending July 31, 2026.
- Explicit cost rate (commissions ÷ average net assets): —
- Total broker commissions: —
- Bought from dealers (principal trades, not a cost): $124.1M
- Portfolio turnover (prospectus): 3%
HTDAX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| VIRTU FINANCIAL | $124.1M | 100.00% |
Tactical Dividend and Momentum Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| HTDIX | Class I | 1.62% | none |
| HTDAX | Class A | 1.87% | 5.75% |
| HTDRX | Class R | 2.02% | none |
| HTDCX | Class C | 2.62% | 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 Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date.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.