NFGAX Fees and Costs — Newfound Risk Managed Global Sectors Fund, Class A
Data updated: 2020-11-25
The net expense ratio is 2.20%. This share class carries a maximum front-end sales load of 5.75% and a redemption fee of 1.00%. In fiscal 2020 the fund paid $28K in broker commissions, 0.0632% of average net assets, and portfolio turnover was 161%.
NFGAX Fees and Expenses
Annual operating expenses and sales charges of NFGAX. Prospectus, as of July 31, 2020.
| Annual operating expenses | |
|---|---|
| Management fee | 0.79% |
| 12b-1 fee | 0.25% |
| Other expenses | — |
| Gross expense ratio | 2.20% |
| Fee waiver | — |
| Net expense ratio | 2.20% |
| Sales charges | |
|---|---|
| Max front load | 5.75% |
| Max deferred load | 0.00% |
| Redemption fee | 1.00% |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | No |
| Waived fees subject to recoupment | No |
NFGAX Costs Over Time
On $10,000 invested in NFGAX, assuming 5% a year before costs, total costs come to $2,035 over 5 years, cutting the return by 3.58% 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 | $575 | $575 | $575 |
| Fund expenses (net expense ratio 2.20%) | $218 | $670 | $1,147 |
| Trading costs (broker commissions) | $6 | $19 | $33 |
| Lost growth on money paid in costs | $29 | $125 | $280 |
| Total costs | $828 | $1,390 | $2,035 |
| Value after costs | $9,672 | $10,186 | $10,728 |
| Impact on return, per year | 8.28% | 4.38% | 3.58% |
NFGAX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending March 31, 2020.
- Explicit cost rate (commissions ÷ average net assets): 0.0632%
- Total broker commissions: $28K
- Bought from dealers (principal trades, not a cost): $167.1M
- Portfolio turnover (prospectus): 161%
- Securities on loan, average value: $1.3M
- Net income from securities lending: $29K (0.065% of average net assets)
NFGAX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Wolverine Trading LLC | $28K | 100.00% |
NFGAX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Wolverine Trading LLC | $167.1M | 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.