SPATX Fees and Costs — Symmetry Panoramic Alternatives Fund, Class I
Data updated: 2026-07-29
The net expense ratio is 2.78% (5.48% before fee waivers). There are no sales loads or redemption fees. Portfolio turnover was 6%.
SPATX Fees and Expenses
Annual operating expenses and sales charges of SPATX. Prospectus, as of December 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 1.29% |
| 12b-1 fee | 0.00% |
| Other expenses | 1.91% |
| Gross expense ratio | 5.48% |
| Fee waiver | −2.70% |
| Net expense ratio | 2.78% |
| 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 |
SPATX Costs Over Time
On $10,000 invested in SPATX, assuming 5% a year before costs, total costs come to $1,678 over 5 years, cutting the return by 2.92% 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 2.78%) | $292 | $894 | $1,522 |
| Lost growth on money paid in costs | $0 | $45 | $157 |
| Total costs | $292 | $939 | $1,678 |
| Value after costs | $10,208 | $10,637 | $11,085 |
| Impact on return, per year | 2.92% | 2.92% | 2.92% |
SPATX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending August 31, 2025.
- Explicit cost rate (commissions ÷ average net assets): —
- Total broker commissions: —
- Bought from dealers (principal trades, not a cost): $1.7M
- Portfolio turnover (prospectus): 6%
- Securities lending: none during the year
SPATX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| BANK OF NEW YORK | $1.7M | 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 Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date.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.