Expense Ratio History

HTDAX expense ratio history

Tactical Dividend and Momentum Fund, Tactical Dividend and Momentum Fund Class A Shares

Fund company
TWO Roads Shared
Type
Mutual fund

1.87%

In basis points
187 basis points
Yearly cost per $10,000
$187
Prospectus dated
30 November 2025, filed with the SEC; rounded to 0.01%
Last change
Cut from 1.90% on 30 November 2025

Fee over time

HTDAX expense ratio: 1.55% until 28 Nov 2016, then 1.50%; 1.50% until 28 Nov 2017, then 1.60%; 1.60% until 28 Nov 2018, then 1.76%; 1.76% until 31 Jul 2019, then 1.78%; 1.78% until 30 Nov 2020, then 1.82%; 1.82% until 30 Nov 2021, then 1.80%; 1.80% until 30 Nov 2022, then 1.72%; 1.72% until 30 Nov 2023, then 1.85%; 1.85% until 30 Nov 2024, then 1.90%; 1.90% until 30 Nov 2025, then 1.87%; read at 1.87% on 30 Nov 2025.0.00%1.00%2.00%3.00%Aug 2015May 2017Feb 2019Nov 2020Aug 2022May 20241.55% before1.87% from 30 Nov 2025
HTDAX expense ratio: 1.55% until 28 Nov 2016, then 1.50%; 1.50% until 28 Nov 2017, then 1.60%; 1.60% until 28 Nov 2018, then 1.76%; 1.76% until 31 Jul 2019, then 1.78%; 1.78% until 30 Nov 2020, then 1.82%; 1.82% until 30 Nov 2021, then 1.80%; 1.80% until 30 Nov 2022, then 1.72%; 1.72% until 30 Nov 2023, then 1.85%; 1.85% until 30 Nov 2024, then 1.90%; 1.90% until 30 Nov 2025, then 1.87%; read at 1.87% on 30 Nov 2025.0.00%1.00%2.00%3.00%Aug 2015Feb 2019Aug 20221.55% before1.87% from 30 Nov 2025
Solid line: the fee in effect after each recorded change. Dashed: the fee before it. Dots: prospectuses filed with the SEC and dates we read the fee from a source.

Share classes

The same fund is sold as 5 share classes, each with its own fee. Figures are from each class's latest prospectus in SEC filings, rounded to 0.01%.

TickerShare classFeeAfter waiversProspectus dated
HTDAX (this page) Tactical Dividend and Momentum Fund Class A Shares 1.87% — 30 Nov 2025
HTDCX Tactical Dividend and Momentum Fund Class C Shares 2.62% — 30 Nov 2025
HTDIX Tactical Dividend and Momentum Fund Class I Shares 1.62% — 30 Nov 2025
HTDRX Tactical Dividend and Momentum Fund Class R Shares 2.02% — 30 Nov 2025
HTDVX Tactical Dividend and Momentum Fund Investor Class Shares 2.25% — 28 Nov 2016

Every figure we've recorded

DateFeeWhat happened
30 Nov 2025 1.87% In the prospectusTotal annual fund operating expenses in the prospectus dated 2025-11-30 (form 485BPOS), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 485BPOS
30 Nov 2025 1.87% Cut from 1.90% to 1.87%Prospectus date; the new figure appears in this filingSource: Prospectus (form 485BPOS) filed with the SEC on 2025-11-26
30 Nov 2024 1.90% In the prospectusTotal annual fund operating expenses in the prospectus dated 2024-11-30 (form 485BPOS), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 485BPOS
30 Nov 2024 1.90% Raised from 1.85% to 1.90%Prospectus date; the new figure appears in this filingSource: Prospectus (form 485BPOS) filed with the SEC on 2024-11-27
30 Nov 2023 1.85% In the prospectusTotal annual fund operating expenses in the prospectus dated 2023-11-30 (form 485BPOS), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 485BPOS
30 Nov 2023 1.85% Raised from 1.72% to 1.85%Prospectus date; the new figure appears in this filingSource: Prospectus (form 485BPOS) filed with the SEC on 2023-11-28
30 Nov 2022 1.72% In the prospectusTotal annual fund operating expenses in the prospectus dated 2022-11-30 (form 485BPOS), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 485BPOS
30 Nov 2022 1.72% Cut from 1.80% to 1.72%Prospectus date; the new figure appears in this filingSource: Prospectus (form 485BPOS) filed with the SEC on 2022-11-28
30 Nov 2021 1.80% In the prospectusTotal annual fund operating expenses in the prospectus dated 2021-11-30 (form 485BPOS), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 485BPOS
30 Nov 2021 1.80% Cut from 1.82% to 1.80%Prospectus date; the new figure appears in this filingSource: Prospectus (form 485BPOS) filed with the SEC on 2021-11-29
30 Nov 2020 1.82% In the prospectusTotal annual fund operating expenses in the prospectus dated 2020-11-30 (form 485BPOS), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 485BPOS
30 Nov 2020 1.82% Raised from 1.78% to 1.82%Prospectus date; the new figure appears in this filingSource: Prospectus (form 485BPOS) filed with the SEC on 2020-12-15
31 Jul 2019 1.78% In the prospectusTotal annual fund operating expenses in the prospectus dated 2019-07-31 (form 485BPOS), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 485BPOS
31 Jul 2019 1.78% Raised from 1.76% to 1.78%Prospectus date; the new figure appears in this filingSource: Prospectus (form 485BPOS) filed with the SEC on 2019-12-11
28 Nov 2018 1.76% In the prospectusTotal annual fund operating expenses in the prospectus dated 2018-11-28 (form 485BPOS), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 485BPOS
28 Nov 2018 1.76% Raised from 1.60% to 1.76%Prospectus date; the new figure appears in this filingSource: Prospectus (form 485BPOS) filed with the SEC on 2018-12-10
28 Nov 2017 1.60% In the prospectusTotal annual fund operating expenses in the prospectus dated 2017-11-28 (form 485BPOS), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 485BPOS
28 Nov 2017 1.60% Raised from 1.50% to 1.60%Prospectus date; the new figure appears in this filingSource: Prospectus (form 485BPOS) filed with the SEC on 2017-11-30
28 Nov 2016 1.50% In the prospectusTotal annual fund operating expenses in the prospectus dated 2016-11-28 (form 485BPOS), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 485BPOS
28 Nov 2016 1.50% Cut from 1.55% to 1.50%Prospectus date; the new figure appears in this filingSource: Prospectus (form 485BPOS) filed with the SEC on 2016-12-08
29 May 2016 1.55% In the prospectusTotal annual fund operating expenses in the prospectus dated 2016-05-29 (form 485BPOS), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 485BPOS
31 Aug 2015 1.55% In the prospectusTotal annual fund operating expenses in the prospectus dated 2015-08-31 (form 497), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 497
12 Aug 2015 1.55% In the prospectusTotal annual fund operating expenses in the prospectus dated 2015-08-12 (form 485BPOS), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 485BPOS

What this fee costs

Change the amount, years or return. The estimate keeps the fee at 1.87% and the return steady each year, the same assumptions as the cost example in a fund's prospectus.

$2,206 in fees over 10 years

After fees, $10,000 grows to $13,548.

Fees paid on $10,000 at 5% a year
AfterFees paid
1 year$192
3 years$593
5 years$1,019
10 years$2,206

How we read this figure

The figure is the total annual fund operating expenses line of the fee table in the fund's prospectus, as tagged in the fund company's filing with the SEC. The SEC publishes these figures rounded to four decimal places, so 0.015% appears as 0.02%. The fund company's own page may show a more precise number.

SEC filings give 13 prospectuses for this share class since 2015. Each one is listed above with a link to the filing.

How we read fees

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