TFAEX Fees and Costs — Tactical Growth Allocation Fund, Class A
Data updated: 2021-08-26
The net expense ratio is 2.36% (2.45% before fee waivers). There are no sales loads or redemption fees. In fiscal 2020 the fund paid $164K in broker commissions, 0.3379% of average net assets, and portfolio turnover was 1549%.
TFAEX Fees and Expenses
Annual operating expenses and sales charges of TFAEX. Prospectus, as of April 30, 2021.
| Annual operating expenses | |
|---|---|
| Management fee | 1.30% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.74% |
| Gross expense ratio | 2.45% |
| Fee waiver | −0.09% |
| Net expense ratio | 2.36% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| Max deferred load | 0.00% |
| Redemption fee | 0.00% |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | Yes |
TFAEX Costs Over Time
On $10,000 invested in TFAEX, assuming 5% a year before costs, total costs come to $1,631 over 5 years, cutting the return by 2.83% 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 2.36%) | $248 | $760 | $1,294 |
| Trading costs (broker commissions) | $35 | $109 | $185 |
| Lost growth on money paid in costs | $0 | $44 | $152 |
| Total costs | $283 | $912 | $1,631 |
| Value after costs | $10,217 | $10,664 | $11,132 |
| Impact on return, per year | 2.83% | 2.83% | 2.83% |
TFAEX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending December 31, 2020.
- Explicit cost rate (commissions ÷ average net assets): 0.3379%
- Total broker commissions: $164K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 1549%
- Securities lending: none during the year
TFAEX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| WallachBeth Capital, LLC | $30K | 20.25% |
| CAPITAL INSTITUTIONAL SERVICES, INC. | $22K | 14.59% |
| JONESTRADING | $22K | 14.55% |
| Wall Street Access | $18K | 12.42% |
| Piper Sandler & Co. | $15K | 9.90% |
| NEEDHAM & COMPANY, LLC | $11K | 7.34% |
| Mischler Financial Group, Inc. | $10K | 7.04% |
| Interactive Brokers, LLC | $9K | 6.12% |
| Tradestation Securities, Inc. | $8K | 5.58% |
| R.W.PRESSPRICH & CO. | $3K | 2.22% |
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.