RLSFX Fees and Costs — Riverpark Long/short Opportunity Fund, Retail Class
Data updated: 2026-08-27
The net expense ratio is 2.00% (2.19% before fee waivers). There are no sales loads or redemption fees. In fiscal 2025 the fund paid $13K in broker commissions, 0.0340% of average net assets, and portfolio turnover was 20%.
RLSFX Fees and Expenses
Annual operating expenses and sales charges of RLSFX. Prospectus, as of January 31, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 1.50% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.32% |
| Gross expense ratio | 2.19% |
| Fee waiver | −0.19% |
| Net expense ratio | 2.00% |
| 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 |
RLSFX Costs Over Time
On $10,000 invested in RLSFX, assuming 5% a year before costs, total costs come to $1,246 over 5 years, cutting the return by 2.14% 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 2.00%) | $210 | $648 | $1,112 |
| Trading costs (broker commissions) | $4 | $11 | $19 |
| Lost growth on money paid in costs | $0 | $33 | $115 |
| Total costs | $214 | $692 | $1,246 |
| Value after costs | $10,286 | $10,884 | $11,517 |
| Impact on return, per year | 2.14% | 2.14% | 2.14% |
RLSFX 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): 0.0340%
- Total broker commissions: $13K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 20%
- Securities lending: none during the year
RLSFX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Goldman Sachs | $12K | 95.19% |
| Stifel Nicolaus and Co | $612 | 4.81% |
Riverpark Long/short Opportunity Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| RLSIX | Institutional Class | 1.85% | — |
| RLSFX | Retail Class | 2.00% | — |
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.