MIDSX Fees and Costs — Midas Discovery
Data updated: 2026-08-18
The net expense ratio is 3.47%: a 1.00% management fee, a 0.25% 12b-1 fee plus 2.22% other expenses. This share class carries a redemption fee of 1.00%. In fiscal 2025 the fund paid $40K in broker commissions, 0.1600% of average net assets, and portfolio turnover was 28%.
MIDSX Fees and Expenses
Annual operating expenses and sales charges of MIDSX. Prospectus, as of December 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 1.00% |
| 12b-1 fee | 0.25% |
| Other expenses | 2.22% |
| Gross expense ratio | 3.47% |
| Fee waiver | — |
| Net expense ratio | 3.47% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| Max deferred load | 0.00% |
| Redemption fee | 1.00% |
| Expense limitation in place (N-CEN) | No |
| Fees waived or reduced during the year | No |
| Waived fees subject to recoupment | No |
MIDSX Costs Over Time
On $10,000 invested in MIDSX, assuming 5% a year before costs, total costs come to $2,154 over 5 years, cutting the return by 3.81% 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 3.47%) | $364 | $1,106 | $1,866 |
| Trading costs (broker commissions) | $17 | $51 | $86 |
| Lost growth on money paid in costs | $0 | $58 | $203 |
| Total costs | $381 | $1,215 | $2,154 |
| Value after costs | $10,119 | $10,361 | $10,609 |
| Impact on return, per year | 3.81% | 3.81% | 3.81% |
MIDSX 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): 0.1600%
- Total broker commissions: $40K
- Bought from dealers (principal trades, not a cost): $684K
- Portfolio turnover (prospectus): 28%
- Securities lending: none during the year
MIDSX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| ROYAL BANK OF CANADA | $24K | 60.41% |
| CIBC WORLD MARKETS INC | $10K | 25.74% |
| J.P. MORGAN SECURITIES LLC | $3K | 8.18% |
| O'NEILL SECURITIES, INC. | $2K | 5.04% |
| WELLINGTON SHIELDS & CO. LLC | $255 | 0.63% |
MIDSX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| ROYAL BANK OF CANADA | $684K | 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.