SFHFX Fees and Costs — Shenkman Capital Floating Rate High Income Fund, Class F
Data updated: 2026-08-24
The net expense ratio is 0.66% (0.84% before fee waivers). This share class carries a redemption fee of 1.00%. Portfolio turnover was 83%.
SFHFX Fees and Expenses
Annual operating expenses and sales charges of SFHFX. Prospectus, as of January 31, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.50% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.32% |
| Gross expense ratio | 0.84% |
| Fee waiver | −0.18% |
| Net expense ratio | 0.66% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| Max deferred load | 0.00% |
| Redemption fee | 1.00% |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | Yes |
SFHFX Costs Over Time
On $10,000 invested in SFHFX, assuming 5% a year before costs, total costs come to $416 over 5 years, cutting the return by 0.69% 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 0.66%) | $69 | $217 | $378 |
| Lost growth on money paid in costs | $0 | $11 | $38 |
| Total costs | $69 | $228 | $416 |
| Value after costs | $10,431 | $11,349 | $12,347 |
| Impact on return, per year | 0.69% | 0.69% | 0.69% |
SFHFX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending September 30, 2024.
- Explicit cost rate (commissions ÷ average net assets): —
- Total broker commissions: —
- Bought from dealers (principal trades, not a cost): $313.5M
- Portfolio turnover (prospectus): 83%
- Securities lending: none during the year
SFHFX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| J.P. Morgan Securities LLC | $78.1M | 28.64% |
| GOLDMAN SACHS AND CO LLC | $32.1M | 11.77% |
| WELLS FARGO SECURITIES LLC | $29.7M | 10.90% |
| BOFAML SECURITIES INC | $27.6M | 10.13% |
| MORGAN STANLEY AND CO LLC | $22.3M | 8.20% |
| BARCLAYS CAPITAL INC | $21.2M | 7.79% |
| CITIGROUP GLOBAL MARKETS INC | $19.0M | 6.97% |
| JEFFERIES LLC | $17.0M | 6.23% |
| UBS ASSET MANAGEMENT US INC. | $13.6M | 4.98% |
| RBC CAPITAL MARKETS LLC | $12.0M | 4.40% |
Shenkman Capital Floating Rate High Income Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| SFHIX | Institutional Class | 0.56% | none |
| SFHFX | Class F | 0.66% | 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.