UTFOX Fees and Costs — Utah Focus Fund, Institutional Class Shares
Data updated: 2023-12-14
The net expense ratio is 1.90%: a 0.90% management fee plus 1.00% other expenses. There are no sales loads or redemption fees. In fiscal 2023 the fund paid $4K in broker commissions, 0.2279% of average net assets.
UTFOX Fees and Expenses
Annual operating expenses and sales charges of UTFOX. Prospectus, as of October 31, 2022.
| Annual operating expenses | |
|---|---|
| Management fee | 0.90% |
| 12b-1 fee | 0.00% |
| Other expenses | 1.00% |
| Gross expense ratio | 1.90% |
| Fee waiver | — |
| Net expense ratio | 1.90% |
| 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 | No |
UTFOX Costs Over Time
On $10,000 invested in UTFOX, assuming 5% a year before costs, total costs come to $1,301 over 5 years, cutting the return by 2.23% 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 1.90%) | $200 | $615 | $1,054 |
| Trading costs (broker commissions) | $24 | $74 | $126 |
| Lost growth on money paid in costs | $0 | $34 | $121 |
| Total costs | $223 | $723 | $1,301 |
| Value after costs | $10,277 | $10,853 | $11,461 |
| Impact on return, per year | 2.23% | 2.23% | 2.23% |
UTFOX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending September 30, 2023.
- Explicit cost rate (commissions ÷ average net assets): 0.2279%
- Total broker commissions: $4K
- Bought from dealers (principal trades, not a cost): $4.4M
- Portfolio turnover (prospectus): —
- Securities lending: none during the year
UTFOX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Clear Street LLC | $4K | 100.00% |
UTFOX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| UMB Bank, n.a. | $4.4M | 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 Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date.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.