RULIX Fees and Costs — Rule One Fund, Investor Class
Data updated: 2026-08-25
The net expense ratio is 2.25%: a 1.70% management fee, a 0.25% 12b-1 fee plus 0.37% other expenses, less a 0.07% fee waiver. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $140K in broker commissions, 0.0615% of average net assets, and portfolio turnover was 51%.
RULIX Fees and Expenses
Annual operating expenses and sales charges of RULIX. Prospectus, as of April 30, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 1.70% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.37% |
| Gross expense ratio | 2.32% |
| Fee waiver | −0.07% |
| Net expense ratio | 2.25% |
| 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 |
RULIX Costs Over Time
On $10,000 invested in RULIX, assuming 5% a year before costs, total costs come to $1,408 over 5 years, cutting the return by 2.43% 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 2.25%) | $236 | $727 | $1,244 |
| Trading costs (broker commissions) | $6 | $20 | $34 |
| Lost growth on money paid in costs | $0 | $37 | $131 |
| Total costs | $243 | $784 | $1,408 |
| Value after costs | $10,257 | $10,792 | $11,354 |
| Impact on return, per year | 2.43% | 2.43% | 2.43% |
RULIX 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): 0.0615%
- Total broker commissions: $140K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 51%
- Securities lending: none during the year
RULIX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| INTERACTIVE BROKERS LLC | $140K | 100.00% |
Rule One Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| RULRX | Founders Class | 2.00% | — |
| RULIX | Investor Class | 2.25% | — |
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.