THLGX Fees and Costs — Toews Hedged U.S. Fund
Data updated: 2026-09-28
The net expense ratio is 1.25%: a 1.00% management fee plus 0.45% other expenses, less a 0.20% fee waiver. There are no sales loads or redemption fees. In fiscal 2026 the fund paid $18K in broker commissions, 0.0301% of average net assets, and portfolio turnover was 0%.
THLGX Fees and Expenses
Annual operating expenses and sales charges of THLGX. Prospectus, as of August 26, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 1.00% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.45% |
| Gross expense ratio | 1.45% |
| Fee waiver | −0.20% |
| Net expense ratio | 1.25% |
| 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 |
THLGX Costs Over Time
On $10,000 invested in THLGX, assuming 5% a year before costs, total costs come to $796 over 5 years, cutting the return by 1.34% 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 1.25%) | $131 | $408 | $706 |
| Trading costs (broker commissions) | $3 | $10 | $17 |
| Lost growth on money paid in costs | $0 | $21 | $73 |
| Total costs | $134 | $439 | $796 |
| Value after costs | $10,366 | $11,137 | $11,967 |
| Impact on return, per year | 1.34% | 1.34% | 1.34% |
THLGX 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): 0.0301%
- Total broker commissions: $18K
- Bought from dealers (principal trades, not a cost): $547.7M
- Portfolio turnover (prospectus): 0%
- Securities lending: none during the year
THLGX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| ED&F Man Capital Markets, Inc. | $18K | 100.00% |
THLGX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Fifth Third Securities, INC. | $541.2M | 98.81% |
| E D & F Man Capital Markets Inc. | $6.5M | 1.19% |
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 Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date.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.