SPTAX Fees and Costs — SP Funds 2030 Target Date Fund, Investor Shares
Data updated: 2026-09-18
The net expense ratio is 1.31%. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $835 in broker commissions, 0.0194% of average net assets, and portfolio turnover was 7%.
SPTAX Fees and Expenses
Annual operating expenses and sales charges of SPTAX. Prospectus, as of February 26, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.45% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.00% |
| Gross expense ratio | 1.31% |
| Fee waiver | — |
| Net expense ratio | 1.31% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | No |
| Fees waived or reduced during the year | No |
| Waived fees subject to recoupment | No |
SPTAX Costs Over Time
On $10,000 invested in SPTAX, assuming 5% a year before costs, total costs come to $826 over 5 years, cutting the return by 1.40% 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 1.31%) | $138 | $428 | $739 |
| Trading costs (broker commissions) | $2 | $6 | $11 |
| Lost growth on money paid in costs | $0 | $22 | $76 |
| Total costs | $140 | $456 | $826 |
| Value after costs | $10,360 | $11,121 | $11,937 |
| Impact on return, per year | 1.40% | 1.40% | 1.40% |
SPTAX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending October 31, 2025.
- Explicit cost rate (commissions ÷ average net assets): 0.0194%
- Total broker commissions: $835
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 7%
- Securities lending: none during the year
SPTAX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Goldman Sachs & Co. LLC | $835 | 100.00% |
SP Funds 2030 Target Date Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| SPTMX | Institutional Shares | 0.91% | — |
| SPTAX | Investor Shares | 1.31% | — |
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 Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date.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.