INVTX Fees and Costs — Evolutionary Tree Innovators Fund, Class A
Data updated: 2026-04-27
The net expense ratio is 1.22%: a 0.80% management fee, a 0.25% 12b-1 fee plus 1.73% other expenses, less a 1.56% fee waiver. This share class carries a maximum front-end sales load of 5.75% and a deferred sales charge of up to 1.00%. In fiscal 2025 the fund paid $6K in broker commissions, 0.0197% of average net assets, and portfolio turnover was 38%.
INVTX Fees and Expenses
Annual operating expenses and sales charges of INVTX. Prospectus, as of September 30, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.80% |
| 12b-1 fee | 0.25% |
| Other expenses | 1.73% |
| Gross expense ratio | 2.78% |
| Fee waiver | −1.56% |
| Net expense ratio | 1.22% |
| Sales charges | |
|---|---|
| Max front load | 5.75% |
| Max deferred load | 1.00% |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | Yes |
INVTX Costs Over Time
On $10,000 invested in INVTX, assuming 5% a year before costs, total costs come to $1,461 over 5 years, cutting the return by 2.52% 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 | $673 | $575 | $575 |
| Fund expenses (net expense ratio 1.22%) | $121 | $376 | $650 |
| Trading costs (broker commissions) | $2 | $6 | $10 |
| Lost growth on money paid in costs | $29 | $110 | $226 |
| Total costs | $824 | $1,066 | $1,461 |
| Value after costs | $9,676 | $10,510 | $11,302 |
| Impact on return, per year | 8.24% | 3.33% | 2.52% |
INVTX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending May 31, 2025.
- Explicit cost rate (commissions ÷ average net assets): 0.0197%
- Total broker commissions: $6K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 38%
- Securities lending: none during the year
INVTX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| RBC CAPITAL MARKETS LLC | $6K | 100.00% |
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 Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date.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.