TOWTX Fees and Costs — Towpath Technology Fund
Data updated: 2026-07-30
The net expense ratio is 1.12% (1.83% before fee waivers). There are no sales loads or redemption fees. In fiscal 2025 the fund paid $267 in broker commissions, 0.0038% of average net assets, and portfolio turnover was 6%.
TOWTX Fees and Expenses
Annual operating expenses and sales charges of TOWTX. Prospectus, as of March 31, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.70% |
| 12b-1 fee | 0.00% |
| Other expenses | 1.11% |
| Gross expense ratio | 1.83% |
| Fee waiver | −0.71% |
| Net expense ratio | 1.12% |
| 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 |
TOWTX Costs Over Time
On $10,000 invested in TOWTX, assuming 5% a year before costs, total costs come to $701 over 5 years, cutting the return by 1.18% 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 1.12%) | $118 | $366 | $635 |
| Trading costs (broker commissions) | $0 | $1 | $2 |
| Lost growth on money paid in costs | $0 | $18 | $64 |
| Total costs | $118 | $386 | $701 |
| Value after costs | $10,382 | $11,190 | $12,062 |
| Impact on return, per year | 1.18% | 1.18% | 1.18% |
TOWTX 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): 0.0038%
- Total broker commissions: $267
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 6%
- Securities lending: none during the year
TOWTX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Edward Jones | $267 | 100.00% |
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 Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date.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.