C000150165 Fees and Costs — ACM Dynamic Opportunity Fund, Class I
Data updated: 2023-05-26
The net expense ratio is 1.88%. This share class carries a redemption fee of 1.00%. In fiscal 2022 the fund paid $283K in broker commissions, 0.3251% of average net assets, and portfolio turnover was 742%.
C000150165 Fees and Expenses
Annual operating expenses and sales charges of C000150165. Prospectus, as of April 30, 2023.
| Annual operating expenses | |
|---|---|
| Management fee | 1.25% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.55% |
| Gross expense ratio | 1.88% |
| Fee waiver | — |
| Net expense ratio | 1.88% |
| 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 | No |
| Waived fees subject to recoupment | No |
C000150165 Costs Over Time
On $10,000 invested in C000150165, assuming 5% a year before costs, total costs come to $1,346 over 5 years, cutting the return by 2.32% 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 1.88%) | $197 | $608 | $1,041 |
| Trading costs (broker commissions) | $34 | $105 | $180 |
| Lost growth on money paid in costs | $0 | $36 | $125 |
| Total costs | $232 | $749 | $1,346 |
| Value after costs | $10,268 | $10,827 | $11,416 |
| Impact on return, per year | 2.32% | 2.32% | 2.32% |
C000150165 Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending December 31, 2022.
- Explicit cost rate (commissions ÷ average net assets): 0.3251%
- Total broker commissions: $283K
- Bought from dealers (principal trades, not a cost): $12.9M
- Portfolio turnover (prospectus): 742%
- Securities lending: none during the year
C000150165 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| BTIG LLC | $261K | 92.06% |
| TOURMALINE PARTNERS LLC | $23K | 7.94% |
C000150165 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| BTIG LLC | $12.9M | 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 Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date.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.