WAYFX Fees and Costs — Waycross Focused Core Equity Fund
Data updated: 2026-07-30
The net expense ratio is 0.69%: a 0.66% management fee plus 0.27% other expenses, less a 0.24% fee waiver. There are no sales loads or redemption fees. In fiscal 2026 the fund paid $25K in broker commissions, 0.0213% of average net assets, and portfolio turnover was 38%.
WAYFX Fees and Expenses
Annual operating expenses and sales charges of WAYFX. Prospectus, as of June 30, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.66% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.27% |
| Gross expense ratio | 0.93% |
| Fee waiver | −0.24% |
| Net expense ratio | 0.69% |
| Sales charges | |
|---|---|
| Max front load | — |
| 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 |
WAYFX Costs Over Time
On $10,000 invested in WAYFX, assuming 5% a year before costs, total costs come to $447 over 5 years, cutting the return by 0.75% 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 0.69%) | $72 | $227 | $394 |
| Trading costs (broker commissions) | $2 | $7 | $12 |
| Lost growth on money paid in costs | $0 | $12 | $41 |
| Total costs | $75 | $245 | $447 |
| Value after costs | $10,425 | $11,331 | $12,315 |
| Impact on return, per year | 0.75% | 0.75% | 0.75% |
WAYFX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending February 28, 2026.
- Explicit cost rate (commissions ÷ average net assets): 0.0213%
- Total broker commissions: $25K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 38%
- Securities lending: none during the year
WAYFX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| STIFEL, NICOLAUS & CO., INC. | $6K | 24.65% |
| J.P. MORGAN SECURITIES LLC | $4K | 17.62% |
| PIPER SANDLER & CO. | $4K | 15.96% |
| JEFFERIES LLC | $4K | 14.33% |
| WELLS FARGO SECURITIES, LLC | $3K | 12.42% |
| GOLDMAN SACHS GROUP, INC. | $2K | 9.79% |
| CAPITAL ONE SOUTHCOAST, INC. | $1K | 5.23% |
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 Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date.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.