THHYX Fees and Costs — Toews Tactical Income Fund
Data updated: 2026-09-28
The net expense ratio is 1.32%. There are no sales loads or redemption fees. In fiscal 2026 the fund paid $206K in broker commissions, 0.0500% of average net assets, and portfolio turnover was 194%.
THHYX Fees and Expenses
Annual operating expenses and sales charges of THHYX. Prospectus, as of August 26, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 1.00% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.24% |
| Gross expense ratio | 1.32% |
| Fee waiver | — |
| Net expense ratio | 1.32% |
| 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 | No |
| Waived fees subject to recoupment | No |
THHYX Costs Over Time
On $10,000 invested in THHYX, assuming 5% a year before costs, total costs come to $851 over 5 years, cutting the return by 1.44% 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 1.32%) | $139 | $431 | $744 |
| Trading costs (broker commissions) | $5 | $16 | $28 |
| Lost growth on money paid in costs | $0 | $22 | $78 |
| Total costs | $144 | $469 | $851 |
| Value after costs | $10,356 | $11,107 | $11,912 |
| Impact on return, per year | 1.44% | 1.44% | 1.44% |
THHYX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending April 30, 2026.
- Explicit cost rate (commissions ÷ average net assets): 0.0500%
- Total broker commissions: $206K
- Bought from dealers (principal trades, not a cost): $499.0M
- Portfolio turnover (prospectus): 194%
- Securities on loan, average value: $18.6M
- Net income from securities lending: $49K (0.012% of average net assets)
THHYX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Maxim Group LLC | $95K | 46.24% |
| Mischler Financial Group, Inc. | $73K | 35.70% |
| JP Morgan Chase | $24K | 11.82% |
| ED&F Man Capital Markets, Inc. | $13K | 6.24% |
THHYX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Fifth Third Securities, INC. | $479.4M | 96.07% |
| Maxim Group LLC | $19.6M | 3.93% |
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.