The fund has an expense ratio of 0.7 percent and doesn't carry a sales charge.
The fund, which has no load, or sales charge, opened to the public on Feb. 15.
Mr. Outlaw didn't have a Sister Schubert personality to lead the sales charge.
Class B mutual fund shares generally do not incur a front-end sales charge, but are generally subject to the higher continuing charges and a deferred sales charge when they are sold.
For example, while Class A fund shares typically involve a front-end load, or sales charge, those typically incur lower continuing charges and carry no deferred sales charge when investors sell them.
Ohio National's fund also has a 5percentt load, or sales charge, on an investment in its Class A shares.
Assuming that the fund had levied a 5.75percentt sales charge during the full three years ended Jan.
Class A shares have front-end loads, meaning that the sales charge is paid at the time of purchase.
At $7.15 million, the Léger sold within the estimated bracket — $5 million to $7 million plus a sales charge in excess of 12 percent.
It carries a 5.75 percent sales charge (for A shares), 0.94 percent in annual expenses and a 0.25 percent 12(B 1 fee.
The fund has an expense ratio of 1.17 percent, and its Class A shares carry an upfront sales charge of 5.25 percent.
