TNTIX Fees and Costs — Tennessee Tax-Free Income Series
Data updated: 2026-10-13
The net expense ratio is 0.77%: a 0.50% management fee plus 0.27% other expenses. There are no sales loads or redemption fees. Portfolio turnover was 24%.
TNTIX Fees and Expenses
Annual operating expenses and sales charges of TNTIX. Prospectus, as of June 30, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.50% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.27% |
| Gross expense ratio | 0.77% |
| Fee waiver | — |
| Net expense ratio | 0.77% |
| 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 | No |
TNTIX Costs Over Time
On $10,000 invested in TNTIX, assuming 5% a year before costs, total costs come to $484 over 5 years, cutting the return by 0.81% 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 0.77%) | $81 | $253 | $440 |
| Lost growth on money paid in costs | $0 | $12 | $44 |
| Total costs | $81 | $265 | $484 |
| Value after costs | $10,419 | $11,311 | $12,279 |
| Impact on return, per year | 0.81% | 0.81% | 0.81% |
TNTIX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending June 30, 2026.
- Explicit cost rate (commissions ÷ average net assets): —
- Total broker commissions: —
- Bought from dealers (principal trades, not a cost): $13.7M
- Portfolio turnover (prospectus): 24%
- Securities lending: none during the year
TNTIX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Bank of Oklahoma Financial Services, Inc. | $2.4M | 21.82% |
| Wiley Brothers Aintree Capital LLC | $1.7M | 15.36% |
| Wells Fargo Bank NA | $1.4M | 12.57% |
| FTN Financial | $1.1M | 9.65% |
| BOFA Merrill Lynch | $1.1M | 9.57% |
| South State Duncan Williams Securitiers Corporation | $1.1M | 9.55% |
| Northland Securities, Inc. | $1.0M | 9.39% |
| Raymond James and Associates, Inc. | $952K | 8.55% |
| Piper Jaffray | $394K | 3.54% |
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 Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date.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.