AEQIX Fees and Costs — Ascendant Deep Value Bond Fund, Class I
Data updated: 2020-05-28
The net expense ratio is 3.40%. There are no sales loads or redemption fees. In fiscal 2019 the fund paid $28K in broker commissions, 0.0683% of average net assets, and portfolio turnover was 100%.
AEQIX Fees and Expenses
Annual operating expenses and sales charges of AEQIX. Prospectus, as of January 31, 2020.
| Annual operating expenses | |
|---|---|
| Management fee | 1.15% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.47% |
| Gross expense ratio | 3.40% |
| Fee waiver | — |
| Net expense ratio | 3.40% |
| 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 | No |
| Waived fees subject to recoupment | Yes |
AEQIX Costs Over Time
On $10,000 invested in AEQIX, assuming 5% a year before costs, total costs come to $2,065 over 5 years, cutting the return by 3.64% 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 3.40%) | $357 | $1,086 | $1,834 |
| Trading costs (broker commissions) | $7 | $22 | $37 |
| Lost growth on money paid in costs | $0 | $56 | $194 |
| Total costs | $364 | $1,163 | $2,065 |
| Value after costs | $10,136 | $10,413 | $10,698 |
| Impact on return, per year | 3.64% | 3.64% | 3.64% |
AEQIX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending September 30, 2019.
- Explicit cost rate (commissions ÷ average net assets): 0.0683%
- Total broker commissions: $28K
- Bought from dealers (principal trades, not a cost): $51.1M
- Portfolio turnover (prospectus): 100%
- Securities lending: none during the year
AEQIX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| American Wealth Management | $28K | 99.58% |
| Stifel Nicolaus | $120 | 0.42% |
AEQIX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| MUFG Union Bank, National Association | $51.1M | 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 Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date.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.