BUYWX Fees and Costs — Main BuyWrite Fund, Class I
Data updated: 2022-09-28
The net expense ratio is 1.44% (1.62% before fee waivers). There are no sales loads or redemption fees. In fiscal 2021 the fund paid $54K in broker commissions, 0.0542% of average net assets, and portfolio turnover was 48%.
BUYWX Fees and Expenses
Annual operating expenses and sales charges of BUYWX. Prospectus, as of March 31, 2022.
| Annual operating expenses | |
|---|---|
| Management fee | 1.00% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.38% |
| Gross expense ratio | 1.62% |
| Fee waiver | −0.18% |
| Net expense ratio | 1.44% |
| 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 |
BUYWX Costs Over Time
On $10,000 invested in BUYWX, assuming 5% a year before costs, total costs come to $925 over 5 years, cutting the return by 1.57% 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 1.44%) | $151 | $469 | $810 |
| Trading costs (broker commissions) | $6 | $18 | $30 |
| Lost growth on money paid in costs | $0 | $24 | $85 |
| Total costs | $157 | $511 | $925 |
| Value after costs | $10,343 | $11,065 | $11,837 |
| Impact on return, per year | 1.57% | 1.57% | 1.57% |
BUYWX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending October 31, 2021.
- Explicit cost rate (commissions ÷ average net assets): 0.0542%
- Total broker commissions: $54K
- Bought from dealers (principal trades, not a cost): $753K
- Portfolio turnover (prospectus): 48%
- Securities lending: none during the year
BUYWX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| CONVERGEX | $27K | 51.17% |
| SUSQUEHANNA CAPITAL GROUP | $23K | 43.52% |
| Virtu Americas LLC | $3K | 5.31% |
BUYWX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| SUSQUEHANNA CAPITAL GROUP | $753K | 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 Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date.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.