REDWX Fees and Costs — GreenFi Redwood Fund, Investor Class Shares
Data updated: 2026-08-28
The net expense ratio is 1.30%: a 0.50% management fee, a 0.01% 12b-1 fee plus 0.79% other expenses. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $22K in broker commissions, 0.0149% of average net assets, and portfolio turnover was 33%.
REDWX Fees and Expenses
Annual operating expenses and sales charges of REDWX. Prospectus, as of January 31, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.50% |
| 12b-1 fee | 0.01% |
| Other expenses | 0.79% |
| Gross expense ratio | 1.30% |
| Fee waiver | — |
| Net expense ratio | 1.30% |
| 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 | No |
| Waived fees subject to recoupment | Yes |
REDWX Costs Over Time
On $10,000 invested in REDWX, assuming 5% a year before costs, total costs come to $817 over 5 years, cutting the return by 1.38% 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 1.30%) | $136 | $425 | $734 |
| Trading costs (broker commissions) | $2 | $5 | $8 |
| Lost growth on money paid in costs | $0 | $21 | $75 |
| Total costs | $138 | $451 | $817 |
| Value after costs | $10,362 | $11,126 | $11,946 |
| Impact on return, per year | 1.38% | 1.38% | 1.38% |
REDWX 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): 0.0149%
- Total broker commissions: $22K
- Bought from dealers (principal trades, not a cost): $45.0M
- Portfolio turnover (prospectus): 33%
- Securities lending: none during the year
REDWX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Jefferies LLC | $5K | 22.04% |
| Merrill Lynch Professional Clearing Corp. | $3K | 15.57% |
| Keybanc Capital Markets Inc. | $2K | 11.45% |
| TD Securities (USA) LLC | $2K | 10.18% |
| Wells Fargo Securities, LLC | $2K | 8.88% |
| Barclays Capital Inc. | $2K | 7.63% |
| J.P. Morgan Securities LLC | $1K | 6.83% |
| Goldman Sachs & Co. LLC | $1K | 6.28% |
| Citadel Securities LLC | $1K | 6.06% |
| Morgan Stanley & Co. LLC | $1K | 5.08% |
REDWX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| UMB Bank, n.a. | $45.0M | 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.