OAFIX Fees and Costs — Optimum Fixed Income Fund, Class A
Data updated: 2026-08-26
The net expense ratio is 1.04%: a 0.50% management fee, a 0.25% 12b-1 fee plus 0.29% other expenses. This share class carries a maximum front-end sales load of 4.50%. In fiscal 2026 the fund paid $125K in broker commissions, 0.0045% of average net assets, and portfolio turnover was 375%.
OAFIX Fees and Expenses
Annual operating expenses and sales charges of OAFIX. Prospectus, as of March 31, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.50% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.29% |
| Gross expense ratio | 1.04% |
| Fee waiver | — |
| Net expense ratio | 1.04% |
| Sales charges | |
|---|---|
| Max front load | 4.50% |
| Max deferred load | 0.00% |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | No |
| Waived fees subject to recoupment | No |
OAFIX Costs Over Time
On $10,000 invested in OAFIX, assuming 5% a year before costs, total costs come to $1,198 over 5 years, cutting the return by 2.05% 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 | $450 | $450 | $450 |
| Fund expenses (net expense ratio 1.04%) | $104 | $325 | $564 |
| Trading costs (broker commissions) | $0 | $1 | $2 |
| Lost growth on money paid in costs | $22 | $87 | $182 |
| Total costs | $577 | $864 | $1,198 |
| Value after costs | $9,923 | $10,713 | $11,565 |
| Impact on return, per year | 5.77% | 2.68% | 2.05% |
OAFIX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending March 31, 2026.
- Explicit cost rate (commissions ÷ average net assets): 0.0045%
- Total broker commissions: $125K
- Bought from dealers (principal trades, not a cost): $77.9B
- Portfolio turnover (prospectus): 375%
- Securities lending: none during the year
OAFIX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| ADVANTAGE SECURITIES LLC | $68K | 54.71% |
| SG AMERICAS SECURITIES LLC | $33K | 26.34% |
| CitiGroup Global Markets Inc. | $11K | 8.56% |
| BNP PARIBAS SECURITIES CORP. | $6K | 4.92% |
| MORGAN STANLEY & CO. LLC | $5K | 4.40% |
| GOLDMAN SACHS & CO. LLC | $1K | 0.88% |
| RBC CAPITAL MARKETS, LLC | $148 | 0.12% |
| J.P. Morgan Securities LLC | $95 | 0.08% |
OAFIX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| J.P. Morgan Securities LLC | $25.1B | 32.77% |
| MORGAN STANLEY & CO. LLC | $18.0B | 23.46% |
| BNP PARIBAS SECURITIES CORP. | $17.0B | 22.15% |
| BARCLAYS CAPITAL, INC. | $7.6B | 9.97% |
| BOFA SECURITIES, INC. | $5.8B | 7.61% |
| BNY MELLON CAPITAL MARKETS, LLC | $1.6B | 2.10% |
| CITADEL SECURITIES LLC | $473.4M | 0.62% |
| GOLDMAN SACHS & CO. LLC | $374.2M | 0.49% |
| STONEX FINANCIAL INC. | $358.8M | 0.47% |
| CitiGroup Global Markets Inc. | $275.2M | 0.36% |
Optimum Fixed Income Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| OIFIX | Institutional Class | 0.79% | none |
| OAFIX | Class A | 1.04% | 4.50% |
| OCFIX | Class C | 1.79% | 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.