C000130927 Fees and Costs — ASG Tactical U.S. Market Fund, Class A
Data updated: 2020-11-25
The net expense ratio is 1.25%: a 0.80% management fee, a 0.25% 12b-1 fee plus 0.26% other expenses, less a 0.06% fee waiver. This share class carries a maximum front-end sales load of 5.75%. In fiscal 2019 the fund paid $24K in broker commissions, 0.0129% of average net assets, and portfolio turnover was 37%.
C000130927 Fees and Expenses
Annual operating expenses and sales charges of C000130927. Prospectus, as of April 30, 2020.
| Annual operating expenses | |
|---|---|
| Management fee | 0.80% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.26% |
| Gross expense ratio | 1.31% |
| Fee waiver | −0.06% |
| Net expense ratio | 1.25% |
| Sales charges | |
|---|---|
| Max front load | 5.75% |
| Max deferred load | 0.00% |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | Yes |
C000130927 Costs Over Time
On $10,000 invested in C000130927, assuming 5% a year before costs, total costs come to $1,474 over 5 years, cutting the return by 2.55% 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 | $575 | $575 | $575 |
| Fund expenses (net expense ratio 1.25%) | $124 | $385 | $666 |
| Trading costs (broker commissions) | $1 | $4 | $7 |
| Lost growth on money paid in costs | $29 | $110 | $227 |
| Total costs | $729 | $1,074 | $1,474 |
| Value after costs | $9,771 | $10,502 | $11,288 |
| Impact on return, per year | 7.29% | 3.35% | 2.55% |
C000130927 Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending December 31, 2019.
- Explicit cost rate (commissions ÷ average net assets): 0.0129%
- Total broker commissions: $24K
- Bought from dealers (principal trades, not a cost): $4.4B
- Portfolio turnover (prospectus): 37%
- Securities lending: none during the year
C000130927 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Goldman Sachs & Co. LLC | $15K | 64.74% |
| Virtu Itg LLC | $8K | 35.26% |
C000130927 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| CIBC World Markets Corp. | $2.0B | 44.28% |
| ICAP Securities Limited | $1.2B | 27.00% |
| BofA Securities, Inc. | $1.0B | 22.90% |
| Pershing LLC | $143.6M | 3.24% |
| Goldman Sachs & Co. LLC | $50.0M | 1.13% |
| State Street Bank and Trust Company | $34.0M | 0.77% |
| Mizuho Securities USA LLC | $23.0M | 0.52% |
| RBC Capital Markets, LLC | $6.0M | 0.14% |
| Deutsche Bank Securities Inc. | $1.5M | 0.03% |
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.