OILVX Fees and Costs — Optimum Large Cap Value Fund, Institutional Class
Data updated: 2026-08-26
The net expense ratio is 0.92%: a 0.64% management fee plus 0.28% other expenses. There are no sales loads or redemption fees. In fiscal 2026 the fund paid $105K in broker commissions, 0.0056% of average net assets, and portfolio turnover was 16%.
OILVX Fees and Expenses
Annual operating expenses and sales charges of OILVX. Prospectus, as of March 31, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.64% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.28% |
| Gross expense ratio | 0.92% |
| Fee waiver | — |
| Net expense ratio | 0.92% |
| 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 |
OILVX Costs Over Time
On $10,000 invested in OILVX, assuming 5% a year before costs, total costs come to $580 over 5 years, cutting the return by 0.97% 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 0.92%) | $97 | $302 | $524 |
| Trading costs (broker commissions) | $1 | $2 | $3 |
| Lost growth on money paid in costs | $0 | $15 | $53 |
| Total costs | $97 | $318 | $580 |
| Value after costs | $10,403 | $11,258 | $12,183 |
| Impact on return, per year | 0.97% | 0.97% | 0.97% |
OILVX 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): 0.0056%
- Total broker commissions: $105K
- Bought from dealers (principal trades, not a cost): $3.9M
- Portfolio turnover (prospectus): 16%
- Securities lending: none during the year
OILVX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| J.P. Morgan Securities LLC | $16K | 21.13% |
| GOLDMAN SACHS & CO. LLC | $10K | 12.53% |
| CASTLEOAK SECURITIES, LP | $10K | 12.51% |
| NATIONAL FINANCIAL SERVICES LLC | $8K | 10.14% |
| WELLS FARGO SECURITIES, LLC | $7K | 9.60% |
| BOFA SECURITIES, INC. | $7K | 9.18% |
| JEFFERIES LLC | $5K | 6.96% |
| MORGAN STANLEY & CO. LLC | $5K | 6.29% |
| STIFEL FINANCIAL CORP. | $5K | 6.00% |
| RAYMOND JAMES & ASSOCIATES, INC. | $4K | 5.66% |
OILVX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| J.P. Morgan Securities LLC | $2.3M | 58.66% |
| GOLDMAN SACHS & CO. LLC | $1.6M | 41.34% |
Optimum Large Cap Value Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| OILVX | Institutional Class | 0.92% | none |
| OALVX | Class A | 1.17% | 5.75% |
| OCLVX | Class C | 1.92% | 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.