TFALX Fees and Costs — Tactical Conservative Allocation Fund, Class A
Data updated: 2021-08-26
The net expense ratio is 2.41% (2.77% before fee waivers). There are no sales loads or redemption fees. In fiscal 2020 the fund paid $110K in broker commissions, 0.3161% of average net assets, and portfolio turnover was 1317%.
TFALX Fees and Expenses
Annual operating expenses and sales charges of TFALX. Prospectus, as of April 30, 2021.
| Annual operating expenses | |
|---|---|
| Management fee | 1.30% |
| 12b-1 fee | 0.25% |
| Other expenses | 1.01% |
| Gross expense ratio | 2.77% |
| Fee waiver | −0.36% |
| Net expense ratio | 2.41% |
| 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 |
TFALX Costs Over Time
On $10,000 invested in TFALX, 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 |
| Fund expenses (net expense ratio 2.41%) | $253 | $775 | $1,321 |
| Trading costs (broker commissions) | $33 | $102 | $173 |
| Lost growth on money paid in costs | $0 | $44 | $154 |
| Total costs | $286 | $921 | $1,647 |
| Value after costs | $10,214 | $10,655 | $11,115 |
| Impact on return, per year | 2.86% | 2.86% | 2.86% |
TFALX 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): 0.3161%
- Total broker commissions: $110K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 1317%
- Securities lending: none during the year
TFALX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| WallachBeth Capital, LLC | $19K | 19.92% |
| CAPITAL INSTITUTIONAL SERVICES, INC. (CAPIS) | $13K | 13.74% |
| JONESTRADING | $13K | 13.09% |
| PIPER SANDLER & CO. | $11K | 11.41% |
| Wall Street Access | $10K | 10.35% |
| Tradestation Securities, Inc. | $10K | 9.91% |
| Mischler Financial Group, Inc. | $7K | 7.56% |
| INTERACTIVE BROKERS LLC | $7K | 6.85% |
| BTIG, LLC | $4K | 3.87% |
| NEEDHAM & COMPANY, LLC | $3K | 3.30% |
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.