TWOAX Fees and Costs — Two Oaks Diversified Growth and Income Fund, Class A
Data updated: 2021-06-04
The net expense ratio is 1.65%. This share class carries a maximum front-end sales load of 5.75%. In fiscal 2021 the fund paid $6K in broker commissions, 0.0209% of average net assets, and portfolio turnover was 7%.
TWOAX Fees and Expenses
Annual operating expenses and sales charges of TWOAX. Prospectus, as of July 31, 2020.
| Annual operating expenses | |
|---|---|
| Management fee | 0.60% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.78% |
| Gross expense ratio | 1.65% |
| Fee waiver | — |
| Net expense ratio | 1.65% |
| Sales charges | |
|---|---|
| Max front load | 5.75% |
| Max deferred load | 0.00% |
| Redemption fee | 0.00% |
| Expense limitation in place (N-CEN) | No |
| Fees waived or reduced during the year | No |
| Waived fees subject to recoupment | No |
TWOAX Costs Over Time
On $10,000 invested in TWOAX, assuming 5% a year before costs, total costs come to $1,706 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 | $575 | $575 | $575 |
| Fund expenses (net expense ratio 1.65%) | $163 | $506 | $871 |
| Trading costs (broker commissions) | $2 | $6 | $11 |
| Lost growth on money paid in costs | $29 | $116 | $249 |
| Total costs | $769 | $1,203 | $1,706 |
| Value after costs | $9,731 | $10,373 | $11,057 |
| Impact on return, per year | 7.69% | 3.77% | 2.97% |
TWOAX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending March 31, 2021.
- Explicit cost rate (commissions ÷ average net assets): 0.0209%
- Total broker commissions: $6K
- Bought from dealers (principal trades, not a cost): $1.3M
- Portfolio turnover (prospectus): 7%
- Securities lending: none during the year
TWOAX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Wall Street Access | $6K | 100.00% |
TWOAX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Union Bank | $954K | 72.48% |
| Wall Street Access | $362K | 27.52% |
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 Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date.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.