AXSKX Fees and Costs — AXS Sustainable Income Fund, Class I
Data updated: 2024-05-22
The net expense ratio is 0.99%: a 0.70% management fee plus 4.03% other expenses, less a 3.74% fee waiver. This share class carries a redemption fee of 1.00%. Portfolio turnover was 38%.
AXSKX Fees and Expenses
Annual operating expenses and sales charges of AXSKX. Prospectus, as of January 31, 2024.
| Annual operating expenses | |
|---|---|
| Management fee | 0.70% |
| 12b-1 fee | 0.00% |
| Other expenses | 4.03% |
| Gross expense ratio | 4.73% |
| Fee waiver | −3.74% |
| Net expense ratio | 0.99% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| Max deferred load | — |
| Redemption fee | 1.00% |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | Yes |
AXSKX Costs Over Time
On $10,000 invested in AXSKX, assuming 5% a year before costs, total costs come to $619 over 5 years, cutting the return by 1.04% 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 0.99%) | $104 | $324 | $563 |
| Lost growth on money paid in costs | $0 | $16 | $57 |
| Total costs | $104 | $340 | $619 |
| Value after costs | $10,396 | $11,236 | $12,143 |
| Impact on return, per year | 1.04% | 1.04% | 1.04% |
AXSKX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending September 30, 2023.
- Explicit cost rate (commissions ÷ average net assets): —
- Total broker commissions: —
- Bought from dealers (principal trades, not a cost): $4.0M
- Portfolio turnover (prospectus): 38%
- Securities lending: none during the year
AXSKX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| MARKETAXESS CORPORATION | $2.9M | 74.68% |
| INSPEREX LLC | $967K | 24.56% |
| WELLS FARGO CLEARING SERVICES, LLC | $30K | 0.76% |
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 Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date.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.