OFSAX Fees and Costs — Olstein Strategic Opportunities Fund, Class A
Data updated: 2026-09-15
The net expense ratio is 1.60%: a 1.00% management fee, a 0.25% 12b-1 fee plus 0.63% other expenses, less a 0.28% fee waiver. This share class carries a maximum front-end sales load of 5.50%. In fiscal 2026 the fund paid $14K in broker commissions, 0.0305% of average net assets, and portfolio turnover was 24%.
OFSAX Fees and Expenses
Annual operating expenses and sales charges of OFSAX. Prospectus, as of October 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 1.00% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.63% |
| Gross expense ratio | 1.88% |
| Fee waiver | −0.28% |
| Net expense ratio | 1.60% |
| Sales charges | |
|---|---|
| Max front load | 5.50% |
| Max deferred load | 0.00% |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | No |
OFSAX Costs Over Time
On $10,000 invested in OFSAX, assuming 5% a year before costs, total costs come to $1,654 over 5 years, cutting the return by 2.87% 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 | $550 | $550 | $550 |
| Fund expenses (net expense ratio 1.60%) | $159 | $492 | $848 |
| Trading costs (broker commissions) | $3 | $9 | $16 |
| Lost growth on money paid in costs | $27 | $112 | $240 |
| Total costs | $739 | $1,163 | $1,654 |
| Value after costs | $9,761 | $10,413 | $11,109 |
| Impact on return, per year | 7.39% | 3.64% | 2.87% |
OFSAX 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): 0.0305%
- Total broker commissions: $14K
- Bought from dealers (principal trades, not a cost): $59K
- Portfolio turnover (prospectus): 24%
- Securities on loan, average value: $6.4M
- Net income from securities lending: $9K (0.019% of average net assets)
OFSAX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Goldman Sachs & Co. | $11K | 79.53% |
| Pershing, LLC | $2K | 12.34% |
| National Financial Services LLC | $975 | 6.77% |
| RBC Dominion Securities, Inc. | $190 | 1.32% |
| ISI Group, Inc. | $6 | 0.04% |
OFSAX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Goldman Sachs & Co. | $32K | 54.10% |
| Pershing, LLC | $27K | 45.90% |
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.