OCMAX Fees and Costs — Ocm Mutual Fund, OCM Gold Fund - Atlas Class
Data updated: 2026-07-24
The net expense ratio is 1.63%: a 0.95% management fee, a 0.15% 12b-1 fee plus 0.53% other expenses. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $30K in broker commissions, 0.0264% of average net assets, and portfolio turnover was 1%.
OCMAX Fees and Expenses
Annual operating expenses and sales charges of OCMAX. Prospectus, as of March 27, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.95% |
| 12b-1 fee | 0.15% |
| Other expenses | 0.53% |
| Gross expense ratio | 1.63% |
| Fee waiver | — |
| Net expense ratio | 1.63% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| 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 |
OCMAX Costs Over Time
On $10,000 invested in OCMAX, assuming 5% a year before costs, total costs come to $1,023 over 5 years, cutting the return by 1.74% 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 1.63%) | $171 | $530 | $913 |
| Trading costs (broker commissions) | $3 | $9 | $15 |
| Lost growth on money paid in costs | $0 | $27 | $94 |
| Total costs | $174 | $566 | $1,023 |
| Value after costs | $10,326 | $11,010 | $11,740 |
| Impact on return, per year | 1.74% | 1.74% | 1.74% |
OCMAX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending November 30, 2025.
- Explicit cost rate (commissions ÷ average net assets): 0.0264%
- Total broker commissions: $30K
- Bought from dealers (principal trades, not a cost): $5.5M
- Portfolio turnover (prospectus): 1%
- Securities lending: none during the year
OCMAX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| CANACCORD GENUITY CORP. | $7K | 25.02% |
| POLLITT AND COMPANY, INC. | $7K | 24.07% |
| WALL STREET ACCESS | $7K | 22.48% |
| VECTOR | $4K | 12.29% |
| VENTUM FINANCIAL CORP. | $3K | 11.01% |
| PERSHING LLC | $2K | 5.14% |
OCMAX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| CANACCORD GENUITY CORP. | $1.6M | 30.45% |
| BROWN BROTHERS HARRIMAN & CO. | $1.2M | 23.70% |
| STIFEL, NICOLAUS & COMPANY, INC. | $1.1M | 20.87% |
| ARGONAUT SECURITIES | $642K | 12.57% |
| VENTUM FINANCIAL CORP. | $315K | 6.17% |
| PETRA CAPITAL PTY LTD. | $251K | 4.92% |
| NATIONAL BANK OF CANADA FINANCIAL INC. | $67K | 1.32% |
Ocm Mutual Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| OCMAX | OCM Gold Fund - Atlas Class | 1.63% | none |
| OCMGX | OCM Gold Fund - Investor Class | 2.13% | 4.50% |
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.