OTGAX Fees and Costs — OTG Latin America Fund, Class A
Data updated: 2025-08-07
The net expense ratio is 1.95%: a 1.10% management fee, a 0.25% 12b-1 fee plus 1.41% other expenses, less a 0.81% fee waiver. This share class carries a maximum front-end sales load of 5.00% and a redemption fee of 2.00%. In fiscal 2025 the fund paid $18K in broker commissions, 0.1090% of average net assets, and portfolio turnover was 65%.
OTGAX Fees and Expenses
Annual operating expenses and sales charges of OTGAX. Prospectus, as of July 31, 2024.
| Annual operating expenses | |
|---|---|
| Management fee | 1.10% |
| 12b-1 fee | 0.25% |
| Other expenses | 1.41% |
| Gross expense ratio | 2.76% |
| Fee waiver | −0.81% |
| Net expense ratio | 1.95% |
| Sales charges | |
|---|---|
| Max front load | 5.00% |
| Max deferred load | 0.00% |
| Redemption fee | 2.00% |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | Yes |
OTGAX Costs Over Time
On $10,000 invested in OTGAX, assuming 5% a year before costs, total costs come to $1,836 over 5 years, cutting the return by 3.21% 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 |
| Sales charges | $500 | $500 | $500 |
| Fund expenses (net expense ratio 1.95%) | $195 | $600 | $1,029 |
| Trading costs (broker commissions) | $11 | $34 | $58 |
| Lost growth on money paid in costs | $25 | $110 | $249 |
| Total costs | $730 | $1,244 | $1,836 |
| Value after costs | $9,770 | $10,332 | $10,927 |
| Impact on return, per year | 7.30% | 3.91% | 3.21% |
OTGAX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending March 31, 2025.
- Explicit cost rate (commissions ÷ average net assets): 0.1090%
- Total broker commissions: $18K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 65%
- Securities lending: none during the year
OTGAX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| LARRAINVIAL SECURITIES US LLC | $6K | 31.98% |
| BBVA SECURITIES INC | $5K | 28.62% |
| ACTINVER SECURITIES INC | $3K | 18.95% |
| Latin Securities Inc. | $2K | 9.82% |
| JEFFERIES LLC | $1K | 6.96% |
| 1ST DISCOUNT BROKERAGE, INC. | $372 | 2.03% |
| PERSHING LLC | $283 | 1.54% |
| MORGAN STANLEY & CO. LLC | $18 | 0.10% |
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.