THGWX Fees and Costs — Toews Tactical Growth Allocation Fund
Data updated: 2020-09-22
The net expense ratio is 1.35% (1.80% before fee waivers). There are no sales loads or redemption fees. In fiscal 2020 the fund paid $10K in broker commissions, 0.0544% of average net assets, and portfolio turnover was 678%.
THGWX Fees and Expenses
Annual operating expenses and sales charges of THGWX. Prospectus, as of August 31, 2020.
| Annual operating expenses | |
|---|---|
| Management fee | 1.00% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.70% |
| Gross expense ratio | 1.80% |
| Fee waiver | −0.45% |
| Net expense ratio | 1.35% |
| 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 |
THGWX Costs Over Time
On $10,000 invested in THGWX, assuming 5% a year before costs, total costs come to $871 over 5 years, cutting the return by 1.47% 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 1.35%) | $142 | $440 | $761 |
| Trading costs (broker commissions) | $6 | $18 | $31 |
| Lost growth on money paid in costs | $0 | $23 | $80 |
| Total costs | $147 | $481 | $871 |
| Value after costs | $10,353 | $11,095 | $11,891 |
| Impact on return, per year | 1.47% | 1.47% | 1.47% |
THGWX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending April 30, 2020.
- Explicit cost rate (commissions ÷ average net assets): 0.0544%
- Total broker commissions: $10K
- Bought from dealers (principal trades, not a cost): $47.9M
- Portfolio turnover (prospectus): 678%
- Securities lending: none during the year
THGWX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Wells Fargo Securities, LLC | $6K | 66.32% |
| Maxim Group LLC | $3K | 32.91% |
| Fifth Third Securities, INC. | $40 | 0.41% |
| E D & F Man Capital Markets Inc. | $35 | 0.36% |
THGWX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Fifth Third Securities, INC. | $27.5M | 57.35% |
| Charles Schwab & Co,. Inc. | $18.0M | 37.57% |
| Standard Chartered Bank | $1.3M | 2.63% |
| E D & F Man Capital Markets Inc. | $1.2M | 2.45% |
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.