ADOIX Fees and Costs — AXS Dynamic Opportunity Fund, Class I
Data updated: 2026-08-21
The net expense ratio is 2.08% (2.39% before fee waivers). This share class carries a redemption fee of 1.00%. In fiscal 2024 the fund paid $175K in broker commissions, 0.3195% of average net assets, and portfolio turnover was 26%.
ADOIX Fees and Expenses
Annual operating expenses and sales charges of ADOIX. Prospectus, as of September 30, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 1.25% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.58% |
| Gross expense ratio | 2.39% |
| Fee waiver | −0.31% |
| Net expense ratio | 2.08% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| Max deferred load | — |
| Redemption fee | 1.00% |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | No |
| Waived fees subject to recoupment | No |
ADOIX Costs Over Time
On $10,000 invested in ADOIX, assuming 5% a year before costs, total costs come to $1,459 over 5 years, cutting the return by 2.52% 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 2.08%) | $218 | $672 | $1,148 |
| Trading costs (broker commissions) | $34 | $103 | $176 |
| Lost growth on money paid in costs | $0 | $39 | $136 |
| Total costs | $252 | $813 | $1,459 |
| Value after costs | $10,248 | $10,763 | $11,303 |
| Impact on return, per year | 2.52% | 2.52% | 2.52% |
ADOIX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending September 30, 2024.
- Explicit cost rate (commissions ÷ average net assets): 0.3195%
- Total broker commissions: $175K
- Bought from dealers (principal trades, not a cost): $312K
- Portfolio turnover (prospectus): 26%
- Securities lending: none during the year
ADOIX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| BTIG, LLC | $142K | 81.08% |
| Tourmaline Partners, Llc | $25K | 14.22% |
| Wallachbeth Capital LLC | $6K | 3.49% |
| Bloomberg Tradebook LLC | $2K | 1.21% |
ADOIX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| BTIG, LLC | $312K | 100.00% |
AXS Dynamic Opportunity Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| ADOIX | Class I | 2.08% | none |
| ADOAX | Class A | 2.13% | 5.75% |
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.