OHSHX Fees and Costs — Oakhurst Short Duration High Yield Credit Fund, Institutional Class
Data updated: 2025-07-29
The net expense ratio is 0.95%: a 0.75% management fee plus 0.52% other expenses, less a 0.32% fee waiver. There are no sales loads or redemption fees. Portfolio turnover was 49%.
OHSHX Fees and Expenses
Annual operating expenses and sales charges of OHSHX. Prospectus, as of December 31, 2024.
| Annual operating expenses | |
|---|---|
| Management fee | 0.75% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.52% |
| Gross expense ratio | 1.27% |
| Fee waiver | −0.32% |
| Net expense ratio | 0.95% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | Yes |
OHSHX Costs Over Time
On $10,000 invested in OHSHX, assuming 5% a year before costs, total costs come to $595 over 5 years, cutting the return by 1.00% 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 0.95%) | $100 | $311 | $540 |
| Lost growth on money paid in costs | $0 | $15 | $55 |
| Total costs | $100 | $327 | $595 |
| Value after costs | $10,400 | $11,249 | $12,168 |
| Impact on return, per year | 1.00% | 1.00% | 1.00% |
OHSHX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending August 31, 2024.
- Explicit cost rate (commissions ÷ average net assets): —
- Total broker commissions: —
- Bought from dealers (principal trades, not a cost): $47.6M
- Portfolio turnover (prospectus): 49%
- Securities on loan, average value: $605K
- Net income from securities lending: $9K (0.023% of average net assets)
OHSHX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| MARKETAXESS CORPORATION | $5.0M | 13.04% |
| TRADEWEB | $4.7M | 12.29% |
| NESBITT BURNS INC | $4.4M | 11.41% |
| Bank of Montreal | $4.4M | 11.27% |
| GOLDMAN SACHS & CO | $4.2M | 10.94% |
| JEFFERIES & COMPANY INC | $4.2M | 10.93% |
| JANE STREET EXECUTION SERVICES | $3.4M | 8.87% |
| BARCLAY INVESTMENTS LTD. | $3.2M | 8.17% |
| DOUGHERTY & COMPANY LLC | $3.1M | 8.02% |
| SUMRIDGE | $2.0M | 5.06% |
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.