PRAE Fees and Costs — PlanRock Alternative Growth Fund
Data updated: 2026-08-28
The net expense ratio is 1.49% (3.99% before fee waivers). There are no sales loads or redemption fees. In fiscal 2025 the fund paid $151K in broker commissions, 1.7233% of average net assets, and portfolio turnover was 293%.
PRAE Fees and Expenses
Annual operating expenses and sales charges of PRAE. Prospectus, as of January 31, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 1.20% |
| 12b-1 fee | 0.00% |
| Other expenses | 2.55% |
| Gross expense ratio | 3.99% |
| Fee waiver | −2.50% |
| Net expense ratio | 1.49% |
| 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 |
PRAE Costs Over Time
On $10,000 invested in PRAE, assuming 5% a year before costs, total costs come to $1,923 over 5 years, cutting the return by 3.37% 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 |
| Fund expenses (net expense ratio 1.49%) | $156 | $477 | $808 |
| Trading costs (broker commissions) | $181 | $552 | $935 |
| Lost growth on money paid in costs | $0 | $52 | $180 |
| Total costs | $337 | $1,080 | $1,923 |
| Value after costs | $10,163 | $10,496 | $10,840 |
| Impact on return, per year | 3.37% | 3.37% | 3.37% |
PRAE Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending September 30, 2025.
- Explicit cost rate (commissions ÷ average net assets): 1.7233%
- Total broker commissions: $151K
- Bought from dealers (principal trades, not a cost): $13.6M
- Portfolio turnover (prospectus): 293%
- Securities lending: none during the year
PRAE Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| RJ O'Brien | $142K | 94.16% |
| GTS Mischler | $9K | 5.84% |
PRAE Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| GOLDMAN SACHS | $9.4M | 69.08% |
| RJ O'Brien | $4.2M | 30.92% |
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 Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date.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.