OTTRX Fees and Costs — Otter Creek Long/Short Opportunity Fund, Institutional Class
Data updated: 2026-01-13
The net expense ratio is 2.07%: a 1.35% management fee plus 0.89% other expenses, less a 0.18% fee waiver. This share class carries a redemption fee of 1.00%. In fiscal 2025 the fund paid $366K in broker commissions, 0.2856% of average net assets, and portfolio turnover was 237%.
OTTRX Fees and Expenses
Annual operating expenses and sales charges of OTTRX. Prospectus, as of February 28, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 1.35% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.89% |
| Gross expense ratio | 2.25% |
| Fee waiver | −0.18% |
| Net expense ratio | 2.07% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | 1.00% |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | Yes |
OTTRX Costs Over Time
On $10,000 invested in OTTRX, assuming 5% a year before costs, total costs come to $1,434 over 5 years, cutting the return by 2.47% 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 2.07%) | $217 | $669 | $1,143 |
| Trading costs (broker commissions) | $30 | $92 | $158 |
| Lost growth on money paid in costs | $0 | $38 | $133 |
| Total costs | $247 | $799 | $1,434 |
| Value after costs | $10,253 | $10,777 | $11,329 |
| Impact on return, per year | 2.47% | 2.47% | 2.47% |
OTTRX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending October 31, 2025.
- Explicit cost rate (commissions ÷ average net assets): 0.2856%
- Total broker commissions: $366K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 237%
- Securities lending: none during the year
OTTRX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| MERRILL LYNCH PROFESSIONAL CLEARING CORP. | $128K | 35.01% |
| RAYMOND JAMES & ASSOCIATES, INC. | $84K | 23.02% |
| MORGAN STANLEY & CO. LLC | $39K | 10.72% |
| ROBERT W. BAIRD & CO. INCORPORATED | $33K | 9.09% |
| JEFFERIES LLC | $25K | 6.94% |
| WILLIAM BLAIR & COMPANY L.L.C. | $22K | 5.97% |
| GOLDMAN SACHS & CO. LLC | $18K | 4.91% |
| J.P. MORGAN SECURITIES LLC | $16K | 4.34% |
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.