SRGAX Fees and Costs — Stringer Tactical Adaptive Risk Fund (formerly Stringer Growth Fund), Class A
Data updated: 2026-01-28
The net expense ratio is 1.56% (2.56% before fee waivers). This share class carries a maximum front-end sales load of 5.50% and a deferred sales charge of up to 1.00%. In fiscal 2025 the fund paid $14K in broker commissions, 0.0588% of average net assets, and portfolio turnover was 133%.
SRGAX Fees and Expenses
Annual operating expenses and sales charges of SRGAX. Prospectus, as of June 27, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.95% |
| 12b-1 fee | 0.25% |
| Other expenses | 1.10% |
| Gross expense ratio | 2.56% |
| Fee waiver | −1.00% |
| Net expense ratio | 1.56% |
| Sales charges | |
|---|---|
| Max front load | 5.50% |
| Max deferred load | 1.00% |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | Yes |
SRGAX Costs Over Time
On $10,000 invested in SRGAX, assuming 5% a year before costs, total costs come to $1,647 over 5 years, cutting the return by 2.86% 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 |
| Sales charges | $648 | $550 | $550 |
| Fund expenses (net expense ratio 1.56%) | $155 | $480 | $827 |
| Trading costs (broker commissions) | $6 | $18 | $31 |
| Lost growth on money paid in costs | $27 | $111 | $239 |
| Total costs | $836 | $1,159 | $1,647 |
| Value after costs | $9,664 | $10,417 | $11,116 |
| Impact on return, per year | 8.36% | 3.63% | 2.86% |
SRGAX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending February 28, 2025.
- Explicit cost rate (commissions ÷ average net assets): 0.0588%
- Total broker commissions: $14K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 133%
- Securities lending: none during the year
SRGAX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| GTS MISCHLER | $13K | 91.50% |
| BROWNSTONE INVESTMENT GROUP, LLC | $1K | 8.50% |
Stringer Tactical Adaptive Risk Fund (formerly Stringer Growth Fund) Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| SRGIX | Institutional Class Shares | 1.31% | none |
| SRGAX | Class A | 1.56% | 5.50% |
| SRGCX | Class C | 2.31% | 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.