TFAFX Fees and Costs — TFA Tactical Growth Allocation Fund, Class I
Data updated: 2026-08-26
The net expense ratio is 2.58% (2.76% before fee waivers). There are no sales loads or redemption fees. In fiscal 2025 the fund paid $11K in broker commissions, 0.0320% of average net assets, and portfolio turnover was 267%.
TFAFX Fees and Expenses
Annual operating expenses and sales charges of TFAFX. Prospectus, as of April 30, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 1.30% |
| 12b-1 fee | — |
| Other expenses | 0.87% |
| Gross expense ratio | 2.76% |
| Fee waiver | −0.18% |
| Net expense ratio | 2.58% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | Yes |
TFAFX Costs Over Time
On $10,000 invested in TFAFX, assuming 5% a year before costs, total costs come to $1,582 over 5 years, cutting the return by 2.74% 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 2.58%) | $271 | $831 | $1,417 |
| Trading costs (broker commissions) | $3 | $10 | $18 |
| Lost growth on money paid in costs | $0 | $42 | $147 |
| Total costs | $274 | $884 | $1,582 |
| Value after costs | $10,226 | $10,693 | $11,181 |
| Impact on return, per year | 2.74% | 2.74% | 2.74% |
TFAFX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending December 31, 2025.
- Explicit cost rate (commissions ÷ average net assets): 0.0320%
- Total broker commissions: $11K
- Bought from dealers (principal trades, not a cost): $232K
- Portfolio turnover (prospectus): 267%
- Securities lending: none during the year
TFAFX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Interactive Brokers LLC | $8K | 67.85% |
| Charles Schwab and Co., Inc. | $2K | 21.71% |
| WallachBeth Capital LLC | $1K | 9.93% |
| Mischler Financial Group, Inc. | $58 | 0.51% |
TFAFX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Interactive Brokers LLC | $232K | 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.