TPAIX Fees and Costs — Timothy Israel Common Values Fund, Class A
Data updated: 2026-08-26
The net expense ratio is 1.71%: a 1.00% management fee, a 0.25% 12b-1 fee plus 0.46% other expenses. This share class carries a maximum front-end sales load of 5.50%. In fiscal 2025 the fund paid $15K in broker commissions, 0.0122% of average net assets, and portfolio turnover was 8%.
TPAIX Fees and Expenses
Annual operating expenses and sales charges of TPAIX. Prospectus, as of May 5, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 1.00% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.46% |
| Gross expense ratio | 1.71% |
| Fee waiver | — |
| Net expense ratio | 1.71% |
| Sales charges | |
|---|---|
| Max front load | 5.50% |
| Max deferred load | 0.00% |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | No |
| Fees waived or reduced during the year | No |
| Waived fees subject to recoupment | No |
TPAIX Costs Over Time
On $10,000 invested in TPAIX, assuming 5% a year before costs, total costs come to $1,705 over 5 years, cutting the return by 2.97% 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 | $550 | $550 | $550 |
| Fund expenses (net expense ratio 1.71%) | $170 | $525 | $904 |
| Trading costs (broker commissions) | $1 | $4 | $6 |
| Lost growth on money paid in costs | $28 | $113 | $245 |
| Total costs | $748 | $1,192 | $1,705 |
| Value after costs | $9,752 | $10,384 | $11,057 |
| Impact on return, per year | 7.48% | 3.74% | 2.97% |
TPAIX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending September 30, 2025.
- Explicit cost rate (commissions ÷ average net assets): 0.0122%
- Total broker commissions: $15K
- Bought from dealers (principal trades, not a cost): $12.2M
- Portfolio turnover (prospectus): 8%
- Securities lending: none during the year
TPAIX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| EXCELLENCE NESSUAH BROKERAGE SERVICES | $13K | 87.56% |
| PSAGOT | $2K | 12.44% |
TPAIX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| UBS AG | $12.2M | 100.00% |
Timothy Israel Common Values Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| TICIX | Class I | 1.46% | — |
| TPAIX | Class A | 1.71% | 5.50% |
| TPCIX | Class C | 2.46% | 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.