ACXIX Fees and Costs — Catalyst Income and Multi-Strategy Fund, Class I
Data updated: 2023-11-29
The net expense ratio is 2.21% (4.72% before fee waivers). There are no sales loads or redemption fees. In fiscal 2023 the fund paid $31K in broker commissions, 0.5341% of average net assets, and portfolio turnover was 50%.
ACXIX Fees and Expenses
Annual operating expenses and sales charges of ACXIX. Prospectus, as of October 31, 2022.
| Annual operating expenses | |
|---|---|
| Management fee | 1.75% |
| 12b-1 fee | 0.00% |
| Other expenses | 2.77% |
| Gross expense ratio | 4.72% |
| Fee waiver | −2.51% |
| Net expense ratio | 2.21% |
| 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 | Yes |
ACXIX Costs Over Time
On $10,000 invested in ACXIX, assuming 5% a year before costs, total costs come to $1,658 over 5 years, cutting the return by 2.88% 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 2.21%) | $232 | $711 | $1,210 |
| Trading costs (broker commissions) | $56 | $172 | $293 |
| Lost growth on money paid in costs | $0 | $44 | $155 |
| Total costs | $288 | $927 | $1,658 |
| Value after costs | $10,212 | $10,649 | $11,105 |
| Impact on return, per year | 2.88% | 2.88% | 2.88% |
ACXIX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending June 30, 2023.
- Explicit cost rate (commissions ÷ average net assets): 0.5341%
- Total broker commissions: $31K
- Bought from dealers (principal trades, not a cost): $202K
- Portfolio turnover (prospectus): 50%
- Securities lending: none during the year
ACXIX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| R.J. O'Brien | $26K | 84.53% |
| JONES TRADING | $5K | 15.47% |
ACXIX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| US Bancorp Investments, Inc. | $202K | 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 Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date.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.