PODAX Fees and Costs — Aristotle Portfolio Optimization Growth Fund, Class A
Data updated: 2026-08-26
The net expense ratio is 1.14%. This share class carries a maximum front-end sales load of 5.50%. In fiscal 2026 the fund paid $17K in broker commissions, 0.0026% of average net assets, and portfolio turnover was 41%.
PODAX Fees and Expenses
Annual operating expenses and sales charges of PODAX. Prospectus, as of July 31, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.45% |
| 12b-1 fee | 0.25% |
| Other expenses | — |
| Gross expense ratio | 1.14% |
| Fee waiver | — |
| Net expense ratio | 1.14% |
| Sales charges | |
|---|---|
| Max front load | 5.50% |
| Max deferred load | 0.00% |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | No |
| Waived fees subject to recoupment | Yes |
PODAX Costs Over Time
On $10,000 invested in PODAX, assuming 5% a year before costs, total costs come to $1,375 over 5 years, cutting the return by 2.37% 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 | $550 | $550 | $550 |
| Fund expenses (net expense ratio 1.14%) | $113 | $352 | $610 |
| Trading costs (broker commissions) | $0 | $1 | $1 |
| Lost growth on money paid in costs | $28 | $104 | $214 |
| Total costs | $691 | $1,007 | $1,375 |
| Value after costs | $9,809 | $10,569 | $11,387 |
| Impact on return, per year | 6.91% | 3.14% | 2.37% |
PODAX 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): 0.0026%
- Total broker commissions: $17K
- Bought from dealers (principal trades, not a cost): $249.8M
- Portfolio turnover (prospectus): 41%
- Securities on loan, average value: $18.1M
- Net income from securities lending: —
PODAX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| State Street Global Markets, LLC | $17K | 100.00% |
PODAX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| PACIFIC PRIVATE FUND ADVISORS LLC | $249.8M | 100.00% |
Aristotle Portfolio Optimization Growth Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| PMADX | Class I-2 | 0.89% | none |
| PODAX | Class A | 1.14% | 5.50% |
| PODCX | Class C | 1.89% | none |
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.