PHSWX Fees and Costs — Parvin Hedged Equity Solari World Fund
Data updated: 2026-07-29
The net expense ratio is 2.26%: a 1.25% management fee, a 0.25% 12b-1 fee plus 1.24% other expenses, less a 0.49% fee waiver. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $3K in broker commissions, 0.0357% of average net assets.
PHSWX Fees and Expenses
Annual operating expenses and sales charges of PHSWX. Prospectus, as of March 31, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 1.25% |
| 12b-1 fee | 0.25% |
| Other expenses | 1.24% |
| Gross expense ratio | 2.75% |
| Fee waiver | −0.49% |
| Net expense ratio | 2.26% |
| 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 |
PHSWX Costs Over Time
On $10,000 invested in PHSWX, assuming 5% a year before costs, total costs come to $1,399 over 5 years, cutting the return by 2.41% 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 2.26%) | $237 | $730 | $1,250 |
| Trading costs (broker commissions) | $4 | $12 | $20 |
| Lost growth on money paid in costs | $0 | $37 | $130 |
| Total costs | $241 | $779 | $1,399 |
| Value after costs | $10,259 | $10,797 | $11,364 |
| Impact on return, per year | 2.41% | 2.41% | 2.41% |
PHSWX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending November 30, 2025.
- Explicit cost rate (commissions ÷ average net assets): 0.0357%
- Total broker commissions: $3K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): —
- Securities lending: none during the year
PHSWX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Interactive Brokers, LLC | $3K | 100.00% |
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 Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date.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.