TFAQX Fees and Costs — TFA Quantitative Fund, Class I
Data updated: 2026-08-26
The net expense ratio is 2.51%. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $23K in broker commissions, 0.0392% of average net assets, and portfolio turnover was 321%.
TFAQX Fees and Expenses
Annual operating expenses and sales charges of TFAQX. Prospectus, as of April 30, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 1.30% |
| 12b-1 fee | — |
| Other expenses | 0.53% |
| Gross expense ratio | 2.51% |
| Fee waiver | — |
| Net expense ratio | 2.51% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | No |
| Waived fees subject to recoupment | Yes |
TFAQX Costs Over Time
On $10,000 invested in TFAQX, assuming 5% a year before costs, total costs come to $1,546 over 5 years, cutting the return by 2.68% 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 2.51%) | $264 | $809 | $1,380 |
| Trading costs (broker commissions) | $4 | $13 | $22 |
| Lost growth on money paid in costs | $0 | $41 | $144 |
| Total costs | $268 | $863 | $1,546 |
| Value after costs | $10,232 | $10,713 | $11,217 |
| Impact on return, per year | 2.68% | 2.68% | 2.68% |
TFAQX 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): 0.0392%
- Total broker commissions: $23K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 321%
- Securities lending: none during the year
TFAQX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Interactive Brokers LLC | $18K | 76.43% |
| Mischler Financial Group, Inc. | $5K | 23.57% |
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 Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date.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.