LNOAX Fees and Costs — Ladenburg Income & Growth Fund, Class A
Data updated: 2026-09-14
The net expense ratio is 1.27% (1.42% 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 33%.
LNOAX Fees and Expenses
Annual operating expenses and sales charges of LNOAX. Prospectus, as of October 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.50% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.40% |
| Gross expense ratio | 1.42% |
| Fee waiver | −0.15% |
| Net expense ratio | 1.27% |
| 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 |
LNOAX Costs Over Time
On $10,000 invested in LNOAX, assuming 5% a year before costs, total costs come to $1,389 over 5 years, cutting the return by 2.39% 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 | $598 | $500 | $500 |
| Fund expenses (net expense ratio 1.27%) | $127 | $394 | $682 |
| Lost growth on money paid in costs | $25 | $98 | $207 |
| Total costs | $750 | $993 | $1,389 |
| Value after costs | $9,750 | $10,584 | $11,374 |
| Impact on return, per year | 7.50% | 3.09% | 2.39% |
LNOAX 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): $31.1M
- Portfolio turnover (prospectus): 33%
- Securities lending: none during the year
LNOAX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|
LNOAX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Ladenburg Thalmann & Co. | $31.1M | 100.00% |
Ladenburg Income & 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 |
|---|---|---|---|
| LNOIX | Class I | 1.12% | none |
| LNOAX | Class A | 1.27% | 5.00% |
| LNOCX | Class C | 2.02% | 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.