PROAX Fees and Costs — Probabilities Fund, Class A
Data updated: 2023-05-26
The net expense ratio is 2.43% (2.66% before fee waivers). This share class carries a maximum front-end sales load of 5.75%. In fiscal 2022 the fund paid $4K in broker commissions, 0.0163% of average net assets, and portfolio turnover was 1492%.
PROAX Fees and Expenses
Annual operating expenses and sales charges of PROAX. Prospectus, as of April 30, 2022.
| Annual operating expenses | |
|---|---|
| Management fee | 1.35% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.77% |
| Gross expense ratio | 2.66% |
| Fee waiver | −0.23% |
| Net expense ratio | 2.43% |
| Sales charges | |
|---|---|
| Max front load | 5.75% |
| 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 |
PROAX Costs Over Time
On $10,000 invested in PROAX, assuming 5% a year before costs, total costs come to $2,135 over 5 years, cutting the return by 3.77% 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 | $575 | $575 | $575 |
| Fund expenses (net expense ratio 2.43%) | $240 | $739 | $1,262 |
| Trading costs (broker commissions) | $2 | $5 | $8 |
| Lost growth on money paid in costs | $29 | $128 | $289 |
| Total costs | $846 | $1,447 | $2,135 |
| Value after costs | $9,654 | $10,129 | $10,628 |
| Impact on return, per year | 8.46% | 4.57% | 3.77% |
PROAX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending December 31, 2022.
- Explicit cost rate (commissions ÷ average net assets): 0.0163%
- Total broker commissions: $4K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 1492%
- Securities lending: none during the year
PROAX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Garwood Securities | $4K | 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 Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date.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.