QASOX Fees and Costs — Q3 All-Season Systematic Opportunities Fund, Institutional Class
Data updated: 2026-07-30
The net expense ratio is 1.33%. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $93K in broker commissions, 0.0463% of average net assets, and portfolio turnover was 147%.
QASOX Fees and Expenses
Annual operating expenses and sales charges of QASOX. Prospectus, as of March 31, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 1.00% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.26% |
| Gross expense ratio | 1.33% |
| Fee waiver | — |
| Net expense ratio | 1.33% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| Max deferred load | 0.00% |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | Yes |
QASOX Costs Over Time
On $10,000 invested in QASOX, assuming 5% a year before costs, total costs come to $854 over 5 years, cutting the return by 1.45% 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 1.33%) | $140 | $434 | $750 |
| Trading costs (broker commissions) | $5 | $15 | $26 |
| Lost growth on money paid in costs | $0 | $22 | $79 |
| Total costs | $145 | $471 | $854 |
| Value after costs | $10,355 | $11,105 | $11,908 |
| Impact on return, per year | 1.45% | 1.45% | 1.45% |
QASOX 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): 0.0463%
- Total broker commissions: $93K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 147%
- Securities lending: none during the year
QASOX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| STONEX FINANCIAL INC | $73K | 78.85% |
| WALLACHBETH CAPITAL LLC | $20K | 21.15% |
Q3 All-Season Systematic Opportunities Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| QASOX | Institutional Class | 1.33% | none |
| QSCOX | C000256096 | 2.78% | 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.