KSGRX Fees and Costs — Kennedy Capital Small Cap Growth Fund
Data updated: 2026-08-26
The net expense ratio is 1.14%: a 0.82% management fee, a 0.25% 12b-1 fee plus 38.10% other expenses, less a 38.03% fee waiver. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $308 in broker commissions, 0.0627% of average net assets, and portfolio turnover was 38%.
KSGRX Fees and Expenses
Annual operating expenses and sales charges of KSGRX. Prospectus, as of December 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.82% |
| 12b-1 fee | 0.25% |
| Other expenses | 38.10% |
| Gross expense ratio | 39.17% |
| Fee waiver | −38.03% |
| Net expense ratio | 1.14% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | Yes |
KSGRX Costs Over Time
On $10,000 invested in KSGRX, assuming 5% a year before costs, total costs come to $749 over 5 years, cutting the return by 1.26% 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 1.14%) | $120 | $373 | $645 |
| Trading costs (broker commissions) | $7 | $20 | $35 |
| Lost growth on money paid in costs | $0 | $19 | $69 |
| Total costs | $126 | $413 | $749 |
| Value after costs | $10,374 | $11,164 | $12,014 |
| Impact on return, per year | 1.26% | 1.26% | 1.26% |
KSGRX 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): 0.0627%
- Total broker commissions: $308
- Bought from dealers (principal trades, not a cost): $2K
- Portfolio turnover (prospectus): 38%
- Securities lending: none during the year
KSGRX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|
KSGRX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| GOLDMAN SACHS & CO. LLC | $2K | 100.00% |
Kennedy Capital Small Cap Growth Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| KGROX | Institutional Class Shares | 0.89% | — |
| KSGRX | C000235562 | 1.14% | — |
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.