LGWAX Fees and Costs — Ladenburg Growth Fund, Class A
Data updated: 2026-09-14
The net expense ratio is 1.18% (1.24% before fee waivers). This share class carries a maximum front-end sales load of 5.00% and a deferred sales charge of up to 1.00%. Portfolio turnover was 46%.
LGWAX Fees and Expenses
Annual operating expenses and sales charges of LGWAX. Prospectus, as of October 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.50% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.31% |
| Gross expense ratio | 1.24% |
| Fee waiver | −0.06% |
| Net expense ratio | 1.18% |
| Sales charges | |
|---|---|
| Max front load | 5.00% |
| Max deferred load | 1.00% |
| Redemption fee | 0.00% |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | Yes |
LGWAX Costs Over Time
On $10,000 invested in LGWAX, assuming 5% a year before costs, total costs come to $1,337 over 5 years, cutting the return by 2.30% 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 | $599 | $500 | $500 |
| Fund expenses (net expense ratio 1.18%) | $118 | $367 | $634 |
| Lost growth on money paid in costs | $25 | $97 | $202 |
| Total costs | $741 | $964 | $1,337 |
| Value after costs | $9,759 | $10,613 | $11,426 |
| Impact on return, per year | 7.41% | 3.00% | 2.30% |
LGWAX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending June 30, 2026.
- Explicit cost rate (commissions ÷ average net assets): —
- Total broker commissions: —
- Bought from dealers (principal trades, not a cost): $87.6M
- Portfolio turnover (prospectus): 46%
- Securities lending: none during the year
LGWAX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|
LGWAX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Ladenburg Thalmann & Co. | $87.6M | 100.00% |
Ladenburg 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 |
|---|---|---|---|
| LGWIX | Class I | 0.99% | none |
| LGWAX | Class A | 1.18% | 5.00% |
| LGWCX | Class C | 1.93% | 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.