STQAX Fees and Costs — AmericaFirst Seasonal Rotation Fund, Class A
Data updated: 2020-05-29
The net expense ratio is 2.64% (2.98% before fee waivers). This share class carries a maximum front-end sales load of 5.00%, a deferred sales charge of up to 1.00% and a redemption fee of 1.00%. In fiscal 2019 the fund paid $19K in broker commissions, 0.2668% of average net assets, and portfolio turnover was 497%.
STQAX Fees and Expenses
Annual operating expenses and sales charges of STQAX. Prospectus, as of October 31, 2019.
| Annual operating expenses | |
|---|---|
| Management fee | 1.25% |
| 12b-1 fee | 0.25% |
| Other expenses | 1.45% |
| Gross expense ratio | 2.98% |
| Fee waiver | −0.34% |
| Net expense ratio | 2.64% |
| Sales charges | |
|---|---|
| Max front load | 5.00% |
| Max deferred load | 1.00% |
| 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 |
STQAX Costs Over Time
On $10,000 invested in STQAX, assuming 5% a year before costs, total costs come to $2,301 over 5 years, cutting the return by 4.09% 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 | $597 | $500 | $500 |
| Fund expenses (net expense ratio 2.64%) | $263 | $806 | $1,369 |
| Trading costs (broker commissions) | $27 | $81 | $138 |
| Lost growth on money paid in costs | $25 | $123 | $293 |
| Total costs | $912 | $1,510 | $2,301 |
| Value after costs | $9,588 | $10,066 | $10,462 |
| Impact on return, per year | 9.12% | 4.78% | 4.09% |
STQAX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending June 30, 2019.
- Explicit cost rate (commissions ÷ average net assets): 0.2668%
- Total broker commissions: $19K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 497%
- Securities lending: none during the year
STQAX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| J.P. Morgan Securities, LLC | $19K | 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 Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date.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.