C000102023 Fees and Costs — Equinox Ampersand Strategy Fund, Class I
Data updated: 2019-11-27
The net expense ratio is 0.99%: a 0.75% management fee plus 2.82% other expenses, less a 2.58% fee waiver. This share class carries 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%.
C000102023 Fees and Expenses
Annual operating expenses and sales charges of C000102023. Prospectus, as of October 31, 2019.
| Annual operating expenses | |
|---|---|
| Management fee | 0.75% |
| 12b-1 fee | 0.00% |
| Other expenses | 2.82% |
| Gross expense ratio | 3.57% |
| Fee waiver | −2.58% |
| Net expense ratio | 0.99% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| Max deferred load | 0.00% |
| 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 |
C000102023 Costs Over Time
On $10,000 invested in C000102023, assuming 5% a year before costs, total costs come to $631 over 5 years, cutting the return by 1.06% 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 0.99%) | $104 | $324 | $562 |
| Trading costs (broker commissions) | $2 | $6 | $11 |
| Lost growth on money paid in costs | $0 | $16 | $58 |
| Total costs | $106 | $347 | $631 |
| Value after costs | $10,394 | $11,229 | $12,131 |
| Impact on return, per year | 1.06% | 1.06% | 1.06% |
C000102023 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
C000102023 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Morgan Stanley | $2K | 96.52% |
| Interactive Brokers | $40 | 2.32% |
| Silver Leaf Partners | $20 | 1.16% |
C000102023 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.