ATYIX Fees and Costs — Ascendant Tactical Yield Fund, Class I
Data updated: 2020-08-27
The net expense ratio is 3.57%. There are no sales loads or redemption fees. In fiscal 2019 the fund paid $31K in broker commissions, 0.0923% of average net assets, and portfolio turnover was 145%.
ATYIX Fees and Expenses
Annual operating expenses and sales charges of ATYIX. Prospectus, as of January 31, 2020.
| Annual operating expenses | |
|---|---|
| Management fee | 1.20% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.60% |
| Gross expense ratio | 3.57% |
| Fee waiver | — |
| Net expense ratio | 3.57% |
| 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 |
ATYIX Costs Over Time
On $10,000 invested in ATYIX, assuming 5% a year before costs, total costs come to $2,172 over 5 years, cutting the return by 3.85% 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 3.57%) | $375 | $1,138 | $1,918 |
| Trading costs (broker commissions) | $10 | $29 | $50 |
| Lost growth on money paid in costs | $0 | $59 | $204 |
| Total costs | $385 | $1,226 | $2,172 |
| Value after costs | $10,115 | $10,350 | $10,591 |
| Impact on return, per year | 3.85% | 3.85% | 3.85% |
ATYIX 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): 0.0923%
- Total broker commissions: $31K
- Bought from dealers (principal trades, not a cost): $42.9M
- Portfolio turnover (prospectus): 145%
- Securities lending: none during the year
ATYIX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| American Wealth Management | $31K | 100.00% |
ATYIX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| MUFG Union Bank, National Association | $42.9M | 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 Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date.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.