RWTNX Fees and Costs — Redwood AlphaFactor Tactical Core Fund, Class N
Data updated: 2020-09-28
The net expense ratio is 1.47% (1.58% before fee waivers). There are no sales loads or redemption fees. In fiscal 2019 the fund paid $73K in broker commissions, 0.0830% of average net assets, and portfolio turnover was 146%.
RWTNX Fees and Expenses
Annual operating expenses and sales charges of RWTNX. Prospectus, as of February 29, 2020.
| Annual operating expenses | |
|---|---|
| Management fee | 0.90% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.41% |
| Gross expense ratio | 1.58% |
| Fee waiver | −0.11% |
| Net expense ratio | 1.47% |
| 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 |
RWTNX Costs Over Time
On $10,000 invested in RWTNX, assuming 5% a year before costs, total costs come to $961 over 5 years, cutting the return by 1.63% 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 1.47%) | $154 | $479 | $826 |
| Trading costs (broker commissions) | $9 | $27 | $47 |
| Lost growth on money paid in costs | $0 | $25 | $89 |
| Total costs | $163 | $531 | $961 |
| Value after costs | $10,337 | $11,045 | $11,802 |
| Impact on return, per year | 1.63% | 1.63% | 1.63% |
RWTNX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending October 31, 2019.
- Explicit cost rate (commissions ÷ average net assets): 0.0830%
- Total broker commissions: $73K
- Bought from dealers (principal trades, not a cost): $46.9M
- Portfolio turnover (prospectus): 146%
- Securities lending: none during the year
RWTNX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Wallachbeth | $45K | 61.61% |
| BTIG LLC | $28K | 38.39% |
RWTNX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| BTIG LLC | $46.9M | 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 Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date.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.