RHSAX Fees and Costs — Rational Strategic Allocation Fund, Class A
Data updated: 2026-08-28
The net expense ratio is 2.30% (3.53% before fee waivers). This share class carries a maximum front-end sales load of 4.75%. In fiscal 2025 the fund paid $1K in broker commissions, 0.0153% of average net assets, and portfolio turnover was 30%.
RHSAX Fees and Expenses
Annual operating expenses and sales charges of RHSAX. Prospectus, as of April 30, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.10% |
| 12b-1 fee | 0.25% |
| Other expenses | 1.60% |
| Gross expense ratio | 3.53% |
| Fee waiver | −1.23% |
| Net expense ratio | 2.30% |
| Sales charges | |
|---|---|
| Max front load | 4.75% |
| 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 |
RHSAX Costs Over Time
On $10,000 invested in RHSAX, assuming 5% a year before costs, total costs come to $1,950 over 5 years, cutting the return by 3.42% 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 | $475 | $475 | $475 |
| Fund expenses (net expense ratio 2.30%) | $230 | $708 | $1,211 |
| Trading costs (broker commissions) | $2 | $5 | $8 |
| Lost growth on money paid in costs | $24 | $110 | $256 |
| Total costs | $730 | $1,298 | $1,950 |
| Value after costs | $9,770 | $10,278 | $10,813 |
| Impact on return, per year | 7.30% | 4.08% | 3.42% |
RHSAX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending December 31, 2025.
- Explicit cost rate (commissions ÷ average net assets): 0.0153%
- Total broker commissions: $1K
- Bought from dealers (principal trades, not a cost): $85.2M
- Portfolio turnover (prospectus): 30%
- Securities lending: none during the year
RHSAX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| WEDBUSH SECURITIES | $1K | 100.00% |
RHSAX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| RELIGARE CAPITAL MARKETS | $81.1M | 95.21% |
| US BANCORP | $4.1M | 4.79% |
Rational Strategic Allocation Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| RHSIX | Institutional Shares | 2.05% | none |
| RHSAX | Class A | 2.30% | 4.75% |
| RHSCX | Class C | 3.04% | 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.