OPTCX Fees and Costs — Optima Strategic Credit Fund, Institutional Class
Data updated: 2026-01-28
The net expense ratio is 2.10% (2.11% before fee waivers). There are no sales loads or redemption fees. Portfolio turnover was 0%.
OPTCX Fees and Expenses
Annual operating expenses and sales charges of OPTCX. Prospectus, as of December 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.50% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.76% |
| Gross expense ratio | 2.11% |
| Fee waiver | −0.01% |
| Net expense ratio | 2.10% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| Max deferred load | 0.00% |
| Redemption fee | 0.00% |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | Yes |
OPTCX Costs Over Time
On $10,000 invested in OPTCX, assuming 5% a year before costs, total costs come to $1,285 over 5 years, cutting the return by 2.21% 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 2.10%) | $220 | $680 | $1,166 |
| Lost growth on money paid in costs | $0 | $34 | $119 |
| Total costs | $220 | $714 | $1,285 |
| Value after costs | $10,280 | $10,862 | $11,478 |
| Impact on return, per year | 2.21% | 2.21% | 2.21% |
OPTCX 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): $283.6M
- Portfolio turnover (prospectus): 0%
- Securities lending: none during the year
OPTCX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| STONEX FINANCIAL INC. | $48.4M | 82.91% |
| PERSHING LLC | $10.0M | 17.09% |
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 Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date.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.