USPCX Fees and Costs — Union Street Partners Value Fund, C Class
Data updated: 2026-08-25
The net expense ratio is 2.15% (2.44% before fee waivers). This share class carries a deferred sales charge of up to 1.00%. In fiscal 2025 the fund paid $575 in broker commissions, 0.0007% of average net assets, and portfolio turnover was 13%.
USPCX Fees and Expenses
Annual operating expenses and sales charges of USPCX. Prospectus, as of January 31, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 1.00% |
| 12b-1 fee | 1.00% |
| Other expenses | 0.40% |
| Gross expense ratio | 2.44% |
| Fee waiver | −0.29% |
| Net expense ratio | 2.15% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | 1.00% |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | Yes |
USPCX Costs Over Time
On $10,000 invested in USPCX, assuming 5% a year before costs, total costs come to $1,315 over 5 years, cutting the return by 2.26% 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 | $103 | $0 | $0 |
| Fund expenses (net expense ratio 2.15%) | $226 | $696 | $1,192 |
| Trading costs (broker commissions) | $0 | $0 | $0 |
| Lost growth on money paid in costs | $0 | $35 | $122 |
| Total costs | $329 | $731 | $1,315 |
| Value after costs | $10,171 | $10,845 | $11,448 |
| Impact on return, per year | 3.29% | 2.26% | 2.26% |
USPCX 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): 0.0007%
- Total broker commissions: $575
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 13%
- Securities lending: none during the year
USPCX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Charles Sschwab & Co., Inc. | $575 | 100.00% |
Union Street Partners Value Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| USPFX | Advisor Class | 1.15% | — |
| USPVX | A Class | 1.40% | — |
| USPCX | C Class | 2.15% | — |
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.