TNRAX Fees and Costs — 1290 Avantis U.S. Large Cap Growth, Class A
Data updated: 2026-09-25
The net expense ratio is 0.90%: a 0.50% management fee, a 0.25% 12b-1 fee plus 0.29% other expenses, less a 0.14% fee waiver. This share class carries a maximum front-end sales load of 5.50% and a deferred sales charge of up to 1.00%. In fiscal 2025 the fund paid $844 in broker commissions, 0.0005% of average net assets, and portfolio turnover was 4%.
TNRAX Fees and Expenses
Annual operating expenses and sales charges of TNRAX. Prospectus, as of October 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.50% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.29% |
| Gross expense ratio | 1.04% |
| Fee waiver | −0.14% |
| Net expense ratio | 0.90% |
| Sales charges | |
|---|---|
| Max front load | 5.50% |
| Max deferred load | 1.00% |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | Yes |
TNRAX Costs Over Time
On $10,000 invested in TNRAX, assuming 5% a year before costs, total costs come to $1,235 over 5 years, cutting the return by 2.12% 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 |
| Sales charges | $648 | $550 | $550 |
| Fund expenses (net expense ratio 0.90%) | $89 | $279 | $484 |
| Trading costs (broker commissions) | $0 | $0 | $0 |
| Lost growth on money paid in costs | $28 | $101 | $201 |
| Total costs | $765 | $930 | $1,235 |
| Value after costs | $9,735 | $10,647 | $11,528 |
| Impact on return, per year | 7.65% | 2.89% | 2.12% |
TNRAX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending October 31, 2025.
- Explicit cost rate (commissions ÷ average net assets): 0.0005%
- Total broker commissions: $844
- Bought from dealers (principal trades, not a cost): $8.2M
- Portfolio turnover (prospectus): 4%
- Securities on loan, average value: $155K
- Net income from securities lending: $784 (0.000% of average net assets)
TNRAX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| BofA Securities, Inc. | $349 | 41.34% |
| Jefferies LLC | $266 | 31.49% |
| J.P. Morgan Securities LLC | $212 | 25.15% |
| Citadel Securities LLC | $17 | 2.01% |
TNRAX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| J.P. Morgan Securities LLC | $8.2M | 100.00% |
1290 Avantis U.S. Large Cap Growth Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| TNXIX | Class I | 0.65% | none |
| TNRAX | Class A | 0.90% | 5.50% |
| TNXRX | C000165725 | 1.15% | none |
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.