THOPX Fees and Costs — Thompson Bond Fund
Data updated: 2026-07-22
The net expense ratio is 0.73%: a 0.60% management fee plus 0.13% other expenses. There are no sales loads or redemption fees. Portfolio turnover was 26%.
THOPX Fees and Expenses
Annual operating expenses and sales charges of THOPX. Prospectus, as of March 31, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.60% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.13% |
| Gross expense ratio | 0.73% |
| Fee waiver | — |
| Net expense ratio | 0.73% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| Max deferred load | 0.00% |
| Redemption fee | — |
| 30-day yield | 4.70% |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | No |
| Waived fees subject to recoupment | No |
THOPX Costs Over Time
On $10,000 invested in THOPX, assuming 5% a year before costs, total costs come to $459 over 5 years, cutting the return by 0.77% 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 0.73%) | $77 | $240 | $417 |
| Lost growth on money paid in costs | $0 | $12 | $42 |
| Total costs | $77 | $252 | $459 |
| Value after costs | $10,423 | $11,325 | $12,304 |
| Impact on return, per year | 0.77% | 0.77% | 0.77% |
THOPX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending November 30, 2025.
- Explicit cost rate (commissions ÷ average net assets): —
- Total broker commissions: —
- Bought from dealers (principal trades, not a cost): $1.5B
- Portfolio turnover (prospectus): 26%
- Securities lending: none during the year
THOPX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Tradeweb LLC | $1.1B | 74.41% |
| Mesirow Financial Inc. | $90.6M | 6.41% |
| Hilltop Securities Inc. | $76.3M | 5.40% |
| Raymond James & Associates, Inc. | $37.3M | 2.64% |
| Piper Sandler & Co. | $31.8M | 2.25% |
| Stifel Nicolaus & Company, Incorporated | $30.1M | 2.13% |
| Wells Fargo Clearing Services, LLC | $28.0M | 1.98% |
| Brean Capital, LLC | $25.8M | 1.83% |
| D.A. Davidson & Co. | $23.8M | 1.69% |
| Goldman Sachs & Co. LLC | $17.7M | 1.25% |
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.