ATIPX Fees and Costs — Aquila High Income Fund, Class I
Data updated: 2024-11-22
The net expense ratio is 1.28%: a 0.65% management fee, a 0.40% 12b-1 fee plus 0.44% other expenses, less a 0.22% fee waiver. There are no sales loads or redemption fees. Portfolio turnover was 34%.
ATIPX Fees and Expenses
Annual operating expenses and sales charges of ATIPX. Prospectus, as of April 30, 2024.
| Annual operating expenses | |
|---|---|
| Management fee | 0.65% |
| 12b-1 fee | 0.40% |
| Other expenses | 0.44% |
| Gross expense ratio | 1.50% |
| Fee waiver | −0.22% |
| Net expense ratio | 1.28% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| Max deferred load | 0.00% |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | No |
| Fees waived or reduced during the year | No |
| Waived fees subject to recoupment | Yes |
ATIPX Costs Over Time
On $10,000 invested in ATIPX, assuming 5% a year before costs, total costs come to $796 over 5 years, cutting the return by 1.34% 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 1.28%) | $134 | $418 | $723 |
| Lost growth on money paid in costs | $0 | $21 | $73 |
| Total costs | $134 | $439 | $796 |
| Value after costs | $10,366 | $11,137 | $11,967 |
| Impact on return, per year | 1.34% | 1.34% | 1.34% |
ATIPX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending December 31, 2023.
- Explicit cost rate (commissions ÷ average net assets): —
- Total broker commissions: —
- Bought from dealers (principal trades, not a cost): $75K
- Portfolio turnover (prospectus): 34%
- Securities lending: none during the year
ATIPX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| MORGAN STANLEY & CO. LLC | $22K | 29.04% |
| GOLDMAN SACHS & CO. LLC | $14K | 18.18% |
| J.P. Morgan Securities LLC | $12K | 16.57% |
| PERSHING LLC | $8K | 10.67% |
| Merrill Lynch, Pierce, Fenner & Smith Incorporated | $7K | 9.54% |
| STIFEL, NICHOLAS & COMPANY, INC. | $7K | 9.07% |
| RBC CAPITAL MARKETS LLC | $5K | 6.92% |
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 Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date.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.