PHLOX Fees and Costs — Philotimo Focused Growth & Income Fund
Data updated: 2026-08-26
The net expense ratio is 1.45%: a 1.00% management fee plus 0.45% other expenses. There are no sales loads or redemption fees. In fiscal 2026 the fund paid $379K in broker commissions, 0.3457% of average net assets, and portfolio turnover was 107%.
PHLOX Fees and Expenses
Annual operating expenses and sales charges of PHLOX. Prospectus, as of August 1, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 1.00% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.45% |
| Gross expense ratio | 1.45% |
| Fee waiver | — |
| Net expense ratio | 1.45% |
| 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 |
PHLOX Costs Over Time
On $10,000 invested in PHLOX, assuming 5% a year before costs, total costs come to $1,105 over 5 years, cutting the return by 1.89% 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 1.45%) | $152 | $471 | $810 |
| Trading costs (broker commissions) | $36 | $112 | $193 |
| Lost growth on money paid in costs | $0 | $29 | $102 |
| Total costs | $189 | $612 | $1,105 |
| Value after costs | $10,311 | $10,964 | $11,657 |
| Impact on return, per year | 1.89% | 1.89% | 1.89% |
PHLOX 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): 0.3457%
- Total broker commissions: $379K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 107%
- Securities lending: none during the year
PHLOX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| TULLETT PREBON FINANCIAL SERVICES LLC | $267K | 70.51% |
| JONESTRADING INSTITUTIONAL SERVICES LLC | $98K | 25.88% |
| M.S. Howells & Co | $8K | 2.14% |
| B. RILEY SECURITIES, INC. | $5K | 1.32% |
| Pershing LLC | $420 | 0.11% |
| CANACCORD GENUITY LLC | $166 | 0.04% |
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 Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date.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.