SHLDX Fees and Costs — USCA Premium Buy-Write Fund, Institutional Class Shares
Data updated: 2020-12-11
The net expense ratio is 1.17% (1.65% before fee waivers). There are no sales loads or redemption fees. In fiscal 2020 the fund paid $63K in broker commissions, 0.2580% of average net assets, and portfolio turnover was 96%.
SHLDX Fees and Expenses
Annual operating expenses and sales charges of SHLDX. Prospectus, as of January 31, 2020.
| Annual operating expenses | |
|---|---|
| Management fee | 0.78% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.85% |
| Gross expense ratio | 1.65% |
| Fee waiver | −0.48% |
| Net expense ratio | 1.17% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| 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 |
SHLDX Costs Over Time
On $10,000 invested in SHLDX, assuming 5% a year before costs, total costs come to $886 over 5 years, cutting the return by 1.50% 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 1.17%) | $123 | $382 | $659 |
| Trading costs (broker commissions) | $27 | $84 | $145 |
| Lost growth on money paid in costs | $0 | $23 | $82 |
| Total costs | $150 | $489 | $886 |
| Value after costs | $10,350 | $11,087 | $11,877 |
| Impact on return, per year | 1.50% | 1.50% | 1.50% |
SHLDX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending September 30, 2020.
- Explicit cost rate (commissions ÷ average net assets): 0.2580%
- Total broker commissions: $63K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 96%
- Securities lending: none during the year
SHLDX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| USCA Securities LLC | $44K | 100.00% |
SHLDX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Fidelity and Trust Financial Corp. | $86K | 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 Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date.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.