MOJAX Fees and Costs — DF Tactical Momentum Fund, Class A
Data updated: 2026-09-14
The net expense ratio is 2.25%: a 1.00% management fee, a 0.25% 12b-1 fee plus 1.00% other expenses. This share class carries a maximum front-end sales load of 5.00%. In fiscal 2026 the fund paid $24K in broker commissions, 0.0465% of average net assets, and portfolio turnover was 355%.
MOJAX Fees and Expenses
Annual operating expenses and sales charges of MOJAX. Prospectus, as of October 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 1.00% |
| 12b-1 fee | 0.25% |
| Other expenses | 1.00% |
| Gross expense ratio | 2.25% |
| Fee waiver | — |
| Net expense ratio | 2.25% |
| Sales charges | |
|---|---|
| Max front load | 5.00% |
| Max deferred load | 0.00% |
| Redemption fee | 0.00% |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | No |
| Waived fees subject to recoupment | No |
MOJAX Costs Over Time
On $10,000 invested in MOJAX, assuming 5% a year before costs, total costs come to $1,968 over 5 years, cutting the return by 3.46% 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 | $500 | $500 | $500 |
| Fund expenses (net expense ratio 2.25%) | $224 | $691 | $1,182 |
| Trading costs (broker commissions) | $5 | $14 | $24 |
| Lost growth on money paid in costs | $25 | $114 | $262 |
| Total costs | $754 | $1,319 | $1,968 |
| Value after costs | $9,746 | $10,257 | $10,795 |
| Impact on return, per year | 7.54% | 4.15% | 3.46% |
MOJAX 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): 0.0465%
- Total broker commissions: $24K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 355%
- Securities on loan, average value: $4.4M
- Net income from securities lending: $7K (0.013% of average net assets)
MOJAX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| WALLACHBETH CAPITAL LLC | $5K | 18.94% |
| Virtu Americas LLC | $4K | 18.01% |
| FCSTONE | $4K | 14.82% |
| JP MORGAN | $3K | 12.72% |
| CITADEL SECURITIES LLC | $2K | 9.35% |
| Susquehanna Capital Group | $2K | 9.27% |
| JANE STREET | $2K | 7.51% |
| GTS MISCHLER | $1K | 4.71% |
| COWEN & COMPANY | $669 | 2.79% |
| CANACCORD GENUITY WEALTH | $452 | 1.88% |
DF Tactical Momentum Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| MOJOX | Class I | 2.00% | none |
| MOJAX | Class A | 2.25% | 5.00% |
| MOJCX | Class C | 3.00% | 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.