AMDEX Fees and Costs — Amidex35 Israel Mutual Fund, No-Load Class Shares
Data updated: 2020-08-14
The net expense ratio is 4.50%: a 0.80% management fee, a 0.25% 12b-1 fee plus 3.44% other expenses. This share class carries a redemption fee of 2.00%. In fiscal 2020 the fund paid $4K in broker commissions, 0.0513% of average net assets, and portfolio turnover was 11%.
AMDEX Fees and Expenses
Annual operating expenses and sales charges of AMDEX. Prospectus, as of September 30, 2018.
| Annual operating expenses | |
|---|---|
| Management fee | 0.80% |
| 12b-1 fee | 0.25% |
| Other expenses | 3.44% |
| Gross expense ratio | 4.50% |
| Fee waiver | — |
| Net expense ratio | 4.50% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| Max deferred load | 0.00% |
| Redemption fee | 2.00% |
| Expense limitation in place (N-CEN) | No |
| Fees waived or reduced during the year | No |
| Waived fees subject to recoupment | No |
AMDEX Costs Over Time
On $10,000 invested in AMDEX, assuming 5% a year before costs, total costs come to $2,652 over 5 years, cutting the return by 4.78% 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 4.50%) | $472 | $1,421 | $2,373 |
| Trading costs (broker commissions) | $5 | $16 | $27 |
| Lost growth on money paid in costs | $0 | $73 | $252 |
| Total costs | $478 | $1,510 | $2,652 |
| Value after costs | $10,022 | $10,066 | $10,111 |
| Impact on return, per year | 4.78% | 4.78% | 4.78% |
AMDEX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending May 31, 2020.
- Explicit cost rate (commissions ÷ average net assets): 0.0513%
- Total broker commissions: $4K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 11%
- Securities lending: none during the year
AMDEX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| COWEN & COMPANY | $4K | 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 Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date.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.