BUYAX Fees and Costs — Catalyst Pivotal Growth Fund, Class A
Data updated: 2022-11-28
The net expense ratio is 1.54%: a 1.00% management fee, a 0.25% 12b-1 fee plus 1.32% other expenses, less a 1.03% fee waiver. This share class carries a maximum front-end sales load of 5.75% and a deferred sales charge of up to 1.00%. In fiscal 2022 the fund paid $568 in broker commissions, 0.0069% of average net assets, and portfolio turnover was 132%.
BUYAX Fees and Expenses
Annual operating expenses and sales charges of BUYAX. Prospectus, as of October 31, 2021.
| Annual operating expenses | |
|---|---|
| Management fee | 1.00% |
| 12b-1 fee | 0.25% |
| Other expenses | 1.32% |
| Gross expense ratio | 2.57% |
| Fee waiver | −1.03% |
| Net expense ratio | 1.54% |
| Sales charges | |
|---|---|
| Max front load | 5.75% |
| Max deferred load | 1.00% |
| 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 |
BUYAX Costs Over Time
On $10,000 invested in BUYAX, assuming 5% a year before costs, total costs come to $1,636 over 5 years, cutting the return by 2.84% 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 | $672 | $575 | $575 |
| Fund expenses (net expense ratio 1.54%) | $152 | $473 | $815 |
| Trading costs (broker commissions) | $1 | $2 | $4 |
| Lost growth on money paid in costs | $29 | $114 | $242 |
| Total costs | $854 | $1,164 | $1,636 |
| Value after costs | $9,646 | $10,412 | $11,127 |
| Impact on return, per year | 8.54% | 3.64% | 2.84% |
BUYAX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending June 30, 2022.
- Explicit cost rate (commissions ÷ average net assets): 0.0069%
- Total broker commissions: $568
- Bought from dealers (principal trades, not a cost): $57K
- Portfolio turnover (prospectus): 132%
- Securities on loan, average value: $1.4M
- Net income from securities lending: $1K (0.012% of average net assets)
BUYAX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Interactive Brokers | $568 | 100.00% |
BUYAX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Interactive Brokers | $57K | 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.