C000102021 Fees and Costs — Equinox Ampersand Strategy Fund, Class A
Data updated: 2019-11-27
The net expense ratio is 1.24%: a 0.75% management fee, a 0.25% 12b-1 fee plus 2.98% other expenses, less a 2.74% fee waiver. This share class carries a maximum front-end sales load of 5.75%, a deferred sales charge of up to 1.00% and a redemption fee of 1.00%. In fiscal 2019 the fund paid $2K in broker commissions, 0.0195% of average net assets, and portfolio turnover was 80%.
C000102021 Fees and Expenses
Annual operating expenses and sales charges of C000102021. Prospectus, as of October 31, 2019.
| Annual operating expenses | |
|---|---|
| Management fee | 0.75% |
| 12b-1 fee | 0.25% |
| Other expenses | 2.98% |
| Gross expense ratio | 3.98% |
| Fee waiver | −2.74% |
| Net expense ratio | 1.24% |
| Sales charges | |
|---|---|
| Max front load | 5.75% |
| Max deferred load | 1.00% |
| 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 |
C000102021 Costs Over Time
On $10,000 invested in C000102021, assuming 5% a year before costs, total costs come to $1,473 over 5 years, cutting the return by 2.54% 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 | $673 | $575 | $575 |
| Fund expenses (net expense ratio 1.24%) | $123 | $382 | $660 |
| Trading costs (broker commissions) | $2 | $6 | $10 |
| Lost growth on money paid in costs | $29 | $110 | $227 |
| Total costs | $826 | $1,073 | $1,473 |
| Value after costs | $9,674 | $10,504 | $11,290 |
| Impact on return, per year | 8.26% | 3.35% | 2.54% |
C000102021 Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending June 30, 2019.
- Explicit cost rate (commissions ÷ average net assets): 0.0195%
- Total broker commissions: $2K
- Bought from dealers (principal trades, not a cost): $12.4M
- Portfolio turnover (prospectus): 80%
- Securities lending: none during the year
C000102021 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Morgan Stanley | $2K | 96.52% |
| Interactive Brokers | $40 | 2.32% |
| Silver Leaf Partners | $20 | 1.16% |
C000102021 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| U.S. Bank N.A. | $8.2M | 65.80% |
| Deutsche Bank | $4.3M | 34.20% |
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.