SVASX Fees and Costs — Spectrum Low Volatility Fund
Data updated: 2026-08-14
The net expense ratio is 3.24%. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $350 in broker commissions, 0.0002% of average net assets, and portfolio turnover was 529%.
SVASX Fees and Expenses
Annual operating expenses and sales charges of SVASX. Prospectus, as of January 31, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 2.15% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.26% |
| Gross expense ratio | 3.24% |
| Fee waiver | — |
| Net expense ratio | 3.24% |
| 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 |
SVASX Costs Over Time
On $10,000 invested in SVASX, assuming 5% a year before costs, total costs come to $1,938 over 5 years, cutting the return by 3.40% 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 3.24%) | $340 | $1,037 | $1,756 |
| Trading costs (broker commissions) | $0 | $0 | $0 |
| Lost growth on money paid in costs | $0 | $52 | $182 |
| Total costs | $340 | $1,089 | $1,938 |
| Value after costs | $10,160 | $10,487 | $10,825 |
| Impact on return, per year | 3.40% | 3.40% | 3.40% |
SVASX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending September 30, 2025.
- Explicit cost rate (commissions ÷ average net assets): 0.0002%
- Total broker commissions: $350
- Bought from dealers (principal trades, not a cost): $1.6B
- Portfolio turnover (prospectus): 529%
- Securities lending: none during the year
SVASX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Ceros Financial Services, Inc. | $350 | 100.00% |
SVASX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Ceros Financial Services, Inc. | $1.6B | 100.00% |
Spectrum Low Volatility Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| SVARX | Investor Class | 2.81% | — |
| SVASX | C000133466 | 3.24% | — |
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.