C000161623 Fees and Costs — Equinox Chesapeake Strategy Fund, Class A
Data updated: 2019-11-27
The net expense ratio is 2.04%: a 1.50% management fee, a 0.25% 12b-1 fee plus 0.29% other expenses. This share class carries a maximum front-end sales load of 5.75% and a deferred sales charge of up to 1.00%. In fiscal 2018 the fund paid $381K in broker commissions, 0.3057% of average net assets, and portfolio turnover was 13%.
C000161623 Fees and Expenses
Annual operating expenses and sales charges of C000161623. Prospectus, as of January 31, 2019.
| Annual operating expenses | |
|---|---|
| Management fee | 1.50% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.29% |
| Gross expense ratio | 2.04% |
| Fee waiver | — |
| Net expense ratio | 2.04% |
| Sales charges | |
|---|---|
| Max front load | 5.75% |
| Max deferred load | 1.00% |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | Yes |
C000161623 Costs Over Time
On $10,000 invested in C000161623, assuming 5% a year before costs, total costs come to $2,080 over 5 years, cutting the return by 3.67% 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 | $672 | $575 | $575 |
| Fund expenses (net expense ratio 2.04%) | $202 | $621 | $1,062 |
| Trading costs (broker commissions) | $30 | $93 | $159 |
| Lost growth on money paid in costs | $29 | $126 | $284 |
| Total costs | $933 | $1,416 | $2,080 |
| Value after costs | $9,567 | $10,161 | $10,683 |
| Impact on return, per year | 9.33% | 4.47% | 3.67% |
C000161623 Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending September 30, 2018.
- Explicit cost rate (commissions ÷ average net assets): 0.3057%
- Total broker commissions: $381K
- Bought from dealers (principal trades, not a cost): $198.0M
- Portfolio turnover (prospectus): 13%
- Securities lending: none during the year
C000161623 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Morgan Stanley | $381K | 100.00% |
C000161623 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| US Bankcorp | $174.3M | 88.06% |
| Silver Leaf Partners | $23.6M | 11.94% |
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.