Expense Ratio History

SVARX expense ratio history

Spectrum Low Volatility Fund, Spectrum Low Volatility Fund Investor Class Shares

Fund company
Advisors Preferred
Type
Mutual fund

2.81%

In basis points
281 basis points
Yearly cost per $10,000
$281
Prospectus dated
1 February 2025, filed with the SEC; rounded to 0.01%
Last change
Raised from 2.62% on 1 February 2025

Fee over time

SVARX expense ratio: 2.95% until 1 Feb 2015, then 2.66%; 2.66% until 1 Feb 2016, then 3.10%; 3.10% until 1 Feb 2017, then 2.90%; 2.90% until 1 Feb 2018, then 3.10%; 3.10% until 1 Feb 2019, then 3.13%; 3.13% until 1 Feb 2020, then 2.95%; 2.95% until 1 Feb 2021, then 3.02%; 3.02% until 1 Feb 2023, then 2.67%; 2.67% until 1 Feb 2024, then 2.62%; 2.62% until 1 Feb 2025, then 2.81%; read at 2.81% on 1 Feb 2025.0.00%2.00%4.00%6.00%Dec 2013Nov 2015Oct 2017Sep 2019Aug 2021Jul 20232.95% before2.81% from 1 Feb 2025
SVARX expense ratio: 2.95% until 1 Feb 2015, then 2.66%; 2.66% until 1 Feb 2016, then 3.10%; 3.10% until 1 Feb 2017, then 2.90%; 2.90% until 1 Feb 2018, then 3.10%; 3.10% until 1 Feb 2019, then 3.13%; 3.13% until 1 Feb 2020, then 2.95%; 2.95% until 1 Feb 2021, then 3.02%; 3.02% until 1 Feb 2023, then 2.67%; 2.67% until 1 Feb 2024, then 2.62%; 2.62% until 1 Feb 2025, then 2.81%; read at 2.81% on 1 Feb 2025.0.00%2.00%4.00%6.00%Dec 2013Oct 2017Aug 20212.95% before2.81% from 1 Feb 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 2 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
SVARX (this page) Spectrum Low Volatility Fund Investor Class Shares 2.81% — 1 Feb 2025
SVASX Spectrum Low Volatility Fund Advisor Class Shares 3.24% — 1 Feb 2026

Every figure we've recorded

DateFeeWhat happened
1 Feb 2025 2.81% In the prospectusTotal annual fund operating expenses in the prospectus dated 2025-02-01 (form 497), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 497
1 Feb 2025 2.81% Raised from 2.62% to 2.81%Prospectus date; the new figure appears in this filingSource: Prospectus (form 497) filed with the SEC on 2025-02-06
1 Feb 2024 2.62% In the prospectusTotal annual fund operating expenses in the prospectus dated 2024-02-01 (form 497), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 497
1 Feb 2024 2.62% Cut from 2.67% to 2.62%Prospectus date; the new figure appears in this filingSource: Prospectus (form 497) filed with the SEC on 2024-02-02
1 Feb 2023 2.67% In the prospectusTotal annual fund operating expenses in the prospectus dated 2023-02-01 (form 485BPOS), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 485BPOS
1 Feb 2023 2.67% Cut from 3.02% to 2.67%Prospectus date; the new figure appears in this filingSource: Prospectus (form 485BPOS) filed with the SEC on 2023-01-27
1 Feb 2022 3.02% In the prospectusTotal annual fund operating expenses in the prospectus dated 2022-02-01 (form 497), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 497
1 Feb 2021 3.02% In the prospectusTotal annual fund operating expenses in the prospectus dated 2021-02-01 (form 497), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 497
1 Feb 2021 3.02% Raised from 2.95% to 3.02%Prospectus date; the new figure appears in this filingSource: Prospectus (form 497) filed with the SEC on 2021-03-18
1 Feb 2020 2.95% In the prospectusTotal annual fund operating expenses in the prospectus dated 2020-02-01 (form 485BPOS), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 485BPOS
1 Feb 2020 2.95% Cut from 3.13% to 2.95%Prospectus date; the new figure appears in this filingSource: Prospectus (form 485BPOS) filed with the SEC on 2020-02-03
1 Feb 2019 3.13% In the prospectusTotal annual fund operating expenses in the prospectus dated 2019-02-01 (form 485BPOS), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 485BPOS
1 Feb 2019 3.13% Raised from 3.10% to 3.13%Prospectus date; the new figure appears in this filingSource: Prospectus (form 485BPOS) filed with the SEC on 2019-02-04
1 Feb 2018 3.10% In the prospectusTotal annual fund operating expenses in the prospectus dated 2018-02-01 (form 497), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 497
1 Feb 2018 3.10% Raised from 2.90% to 3.10%Prospectus date; the new figure appears in this filingSource: Prospectus (form 497) filed with the SEC on 2018-02-12
1 Feb 2017 2.90% In the prospectusTotal annual fund operating expenses in the prospectus dated 2017-02-01 (form 485BPOS), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 485BPOS
1 Feb 2017 2.90% Cut from 3.10% to 2.90%Prospectus date; the new figure appears in this filingSource: Prospectus (form 485BPOS) filed with the SEC on 2017-02-13
1 Feb 2016 3.10% In the prospectusTotal annual fund operating expenses in the prospectus dated 2016-02-01 (form 497), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 497
1 Feb 2016 3.10% Raised from 2.66% to 3.10%Prospectus date; the new figure appears in this filingSource: Prospectus (form 497) filed with the SEC on 2016-07-13
1 Feb 2015 2.66% In the prospectusTotal annual fund operating expenses in the prospectus dated 2015-02-01 (form 485BPOS), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 485BPOS
1 Feb 2015 2.66% Cut from 2.95% to 2.66%Prospectus date; the new figure appears in this filingSource: Prospectus (form 485BPOS) filed with the SEC on 2015-02-11
15 Dec 2013 2.95% In the prospectusTotal annual fund operating expenses in the prospectus dated 2013-12-15 (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 2.81% and the return steady each year, the same assumptions as the cost example in a fund's prospectus.

$3,171 in fees over 10 years

After fees, $10,000 grows to $12,334.

Fees paid on $10,000 at 5% a year
AfterFees paid
1 year$288
3 years$883
5 years$1,502
10 years$3,171

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 12 prospectuses for this share class since 2013. Each one is listed above with a link to the filing.

How we read fees

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