AXMIX Fees and Costs — Acclivity Mid Cap Multi-Style Fund
Data updated: 2025-11-26
The net expense ratio is 0.44%: a 0.35% management fee plus 4.57% other expenses, less a 4.48% fee waiver. There are no sales loads or redemption fees. In fiscal 2024 the fund paid $84 in broker commissions, 0.0025% of average net assets, and portfolio turnover was 100%.
AXMIX Fees and Expenses
Annual operating expenses and sales charges of AXMIX. Prospectus, as of April 30, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.35% |
| 12b-1 fee | — |
| Other expenses | 4.57% |
| Gross expense ratio | 4.92% |
| Fee waiver | −4.48% |
| Net expense ratio | 0.44% |
| 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 | Yes |
| Waived fees subject to recoupment | Yes |
AXMIX Costs Over Time
On $10,000 invested in AXMIX, assuming 5% a year before costs, total costs come to $280 over 5 years, cutting the return by 0.46% 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 0.44%) | $46 | $145 | $253 |
| Trading costs (broker commissions) | $0 | $1 | $1 |
| Lost growth on money paid in costs | $0 | $7 | $26 |
| Total costs | $46 | $153 | $280 |
| Value after costs | $10,454 | $11,423 | $12,483 |
| Impact on return, per year | 0.46% | 0.46% | 0.46% |
AXMIX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending December 31, 2024.
- Explicit cost rate (commissions ÷ average net assets): 0.0025%
- Total broker commissions: $84
- Bought from dealers (principal trades, not a cost): $792K
- Portfolio turnover (prospectus): 100%
- Securities on loan, average value: $644K
- Net income from securities lending: $811 (0.024% of average net assets)
AXMIX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Virtu Financial | $57 | 67.86% |
| GTS Mischler | $27 | 32.14% |
AXMIX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Virtu Financial | $624K | 78.77% |
| GTS Mischler | $168K | 21.23% |
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.