UNAVX Fees and Costs — USA Mutuals All Seasons Fund, Institutional Class
Data updated: 2026-08-26
The net expense ratio is 2.26%: a 1.75% management fee plus 1.58% other expenses, less a 1.07% fee waiver. There are no sales loads or redemption fees. Portfolio turnover was 0%.
UNAVX Fees and Expenses
Annual operating expenses and sales charges of UNAVX. Prospectus, as of July 31, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 1.75% |
| 12b-1 fee | 0.00% |
| Other expenses | 1.58% |
| Gross expense ratio | 3.33% |
| Fee waiver | −1.07% |
| Net expense ratio | 2.26% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | Yes |
UNAVX Costs Over Time
On $10,000 invested in UNAVX, assuming 5% a year before costs, total costs come to $1,378 over 5 years, cutting the return by 2.37% 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 2.26%) | $237 | $731 | $1,250 |
| Lost growth on money paid in costs | $0 | $36 | $128 |
| Total costs | $237 | $767 | $1,378 |
| Value after costs | $10,263 | $10,809 | $11,384 |
| Impact on return, per year | 2.37% | 2.37% | 2.37% |
UNAVX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending March 31, 2026.
- Explicit cost rate (commissions ÷ average net assets): —
- Total broker commissions: —
- Bought from dealers (principal trades, not a cost): $21.4M
- Portfolio turnover (prospectus): 0%
- Securities lending: none during the year
UNAVX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| ADM Investor Services | $21.4M | 100.00% |
USA Mutuals All Seasons Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| UNAVX | Institutional Class | 2.26% | none |
| ZNAVX | C000223273 | 2.26% | 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 Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date.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.