TRFCX Fees and Costs — Patriot Fund, Class C
Data updated: 2020-12-14
The net expense ratio is 3.04%: a 1.40% management fee, a 1.00% 12b-1 fee plus 0.64% other expenses. There are no sales loads or redemption fees. In fiscal 2020 the fund paid $20K in broker commissions, 0.0917% of average net assets, and portfolio turnover was 48%.
TRFCX Fees and Expenses
Annual operating expenses and sales charges of TRFCX. Prospectus, as of January 31, 2020.
| Annual operating expenses | |
|---|---|
| Management fee | 1.40% |
| 12b-1 fee | 1.00% |
| Other expenses | 0.64% |
| Gross expense ratio | 3.04% |
| Fee waiver | — |
| Net expense ratio | 3.04% |
| 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 |
TRFCX Costs Over Time
On $10,000 invested in TRFCX, assuming 5% a year before costs, total costs come to $1,877 over 5 years, cutting the return by 3.29% 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 3.04%) | $319 | $974 | $1,652 |
| Trading costs (broker commissions) | $10 | $29 | $50 |
| Lost growth on money paid in costs | $0 | $50 | $176 |
| Total costs | $329 | $1,054 | $1,877 |
| Value after costs | $10,171 | $10,522 | $10,886 |
| Impact on return, per year | 3.29% | 3.29% | 3.29% |
TRFCX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending September 30, 2020.
- Explicit cost rate (commissions ÷ average net assets): 0.0917%
- Total broker commissions: $20K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 48%
- Securities lending: none during the year
TRFCX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| American Wealth Management | $20K | 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 Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date.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.