TRDFX Fees and Costs — Steward Values Enhanced Small-Mid Cap Fund, Class A
Data updated: 2026-09-28
The net expense ratio is 0.81%: a 0.22% management fee, a 0.25% 12b-1 fee plus 0.34% other expenses. This share class carries a maximum front-end sales load of 5.75%. In fiscal 2026 the fund paid $47K in broker commissions, 0.0260% of average net assets, and portfolio turnover was 27%.
TRDFX Fees and Expenses
Annual operating expenses and sales charges of TRDFX. Prospectus, as of August 28, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.22% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.34% |
| Gross expense ratio | 0.81% |
| Fee waiver | — |
| Net expense ratio | 0.81% |
| Sales charges | |
|---|---|
| Max front load | 5.75% |
| 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 |
TRDFX Costs Over Time
On $10,000 invested in TRDFX, assuming 5% a year before costs, total costs come to $1,228 over 5 years, cutting the return by 2.10% 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 | $575 | $575 | $575 |
| Fund expenses (net expense ratio 0.81%) | $80 | $251 | $435 |
| Trading costs (broker commissions) | $3 | $8 | $14 |
| Lost growth on money paid in costs | $29 | $103 | $204 |
| Total costs | $686 | $937 | $1,228 |
| Value after costs | $9,814 | $10,639 | $11,534 |
| Impact on return, per year | 6.86% | 2.91% | 2.10% |
TRDFX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending April 30, 2026.
- Explicit cost rate (commissions ÷ average net assets): 0.0260%
- Total broker commissions: $47K
- Bought from dealers (principal trades, not a cost): $54.2M
- Portfolio turnover (prospectus): 27%
- Securities lending: none during the year
TRDFX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Susquehanna Financial Group, LLLP | $37K | 78.67% |
| VIRTU ITG LLC | $10K | 21.33% |
TRDFX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| The Northern Trust Company | $54.2M | 100.00% |
Steward Values Enhanced Small-Mid Cap Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| SSMOX | Class R6 | 0.49% | none |
| SCECX | Institutional Class | 0.61% | none |
| TRDFX | Class A | 0.81% | 5.75% |
| SSMEX | Class C | 1.61% | 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.