BHTAX Fees and Costs — Beech Hill Total Return Fund, Class A
Data updated: 2023-11-29
The net expense ratio is 1.75%: a 1.00% management fee, a 0.25% 12b-1 fee plus 1.38% other expenses, less a 0.88% fee waiver. This share class carries a maximum front-end sales load of 4.00%, a deferred sales charge of up to 0.50% and a redemption fee of 1.00%. In fiscal 2022 the fund paid $3K in broker commissions, 0.0163% of average net assets, and portfolio turnover was 25%.
BHTAX Fees and Expenses
Annual operating expenses and sales charges of BHTAX. Prospectus, as of April 30, 2023.
| Annual operating expenses | |
|---|---|
| Management fee | 1.00% |
| 12b-1 fee | 0.25% |
| Other expenses | 1.38% |
| Gross expense ratio | 2.63% |
| Fee waiver | −0.88% |
| Net expense ratio | 1.75% |
| Sales charges | |
|---|---|
| Max front load | 4.00% |
| Max deferred load | 0.50% |
| 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 |
BHTAX Costs Over Time
On $10,000 invested in BHTAX, assuming 5% a year before costs, total costs come to $1,555 over 5 years, cutting the return by 2.69% 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 |
| Sales charges | $450 | $400 | $400 |
| Fund expenses (net expense ratio 1.75%) | $176 | $546 | $939 |
| Trading costs (broker commissions) | $2 | $5 | $9 |
| Lost growth on money paid in costs | $20 | $90 | $207 |
| Total costs | $648 | $1,042 | $1,555 |
| Value after costs | $9,852 | $10,535 | $11,208 |
| Impact on return, per year | 6.48% | 3.25% | 2.69% |
BHTAX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending December 31, 2022.
- Explicit cost rate (commissions ÷ average net assets): 0.0163%
- Total broker commissions: $3K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 25%
- Securities lending: none during the year
BHTAX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Beech Hill Securities Inc | $3K | 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 Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date.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.