BTIDX Fees and Costs — IDX Risk-Managed Digital Assets Strategy Fund, Institutional Class
Data updated: 2026-03-13
The net expense ratio is 2.63% (3.85% before fee waivers). There are no sales loads or redemption fees. In fiscal 2025 the fund paid $16K in broker commissions, 0.0891% of average net assets, and portfolio turnover was 0%.
BTIDX Fees and Expenses
Annual operating expenses and sales charges of BTIDX. Prospectus, as of April 30, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 1.99% |
| 12b-1 fee | 0.00% |
| Other expenses | — |
| Gross expense ratio | 3.85% |
| Fee waiver | −1.22% |
| Net expense ratio | 2.63% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | Yes |
BTIDX Costs Over Time
On $10,000 invested in BTIDX, assuming 5% a year before costs, total costs come to $1,643 over 5 years, cutting the return by 2.86% 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 2.63%) | $276 | $846 | $1,441 |
| Trading costs (broker commissions) | $9 | $29 | $49 |
| Lost growth on money paid in costs | $0 | $44 | $153 |
| Total costs | $286 | $919 | $1,643 |
| Value after costs | $10,214 | $10,657 | $11,119 |
| Impact on return, per year | 2.86% | 2.86% | 2.86% |
BTIDX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending December 31, 2025.
- Explicit cost rate (commissions ÷ average net assets): 0.0891%
- Total broker commissions: $16K
- Bought from dealers (principal trades, not a cost): $58.1M
- Portfolio turnover (prospectus): 0%
- Securities lending: none during the year
BTIDX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| MAREX CAPITAL MARKETS INC | $15K | 95.59% |
| Stifel Nicolaus | $702 | 4.41% |
BTIDX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| US Bank | $56.5M | 97.25% |
| Stifel Nicolaus | $1.6M | 2.75% |
IDX Risk-Managed Digital Assets Strategy Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| BTIDX | Institutional Class | 2.63% | — |
| BTCDX | C000231508 | 2.75% | — |
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.