C000207033 Fees and Costs — ACM Tactical Income Fund, Class I
Data updated: 2023-05-26
The net expense ratio is 2.11%. This share class carries a redemption fee of 1.00%. In fiscal 2022 the fund paid $239K in broker commissions, 0.4482% of average net assets, and portfolio turnover was 894%.
C000207033 Fees and Expenses
Annual operating expenses and sales charges of C000207033. Prospectus, as of April 30, 2023.
| Annual operating expenses | |
|---|---|
| Management fee | 1.00% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.58% |
| Gross expense ratio | 2.11% |
| Fee waiver | — |
| Net expense ratio | 2.11% |
| 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 |
C000207033 Costs Over Time
On $10,000 invested in C000207033, assuming 5% a year before costs, total costs come to $1,551 over 5 years, cutting the return by 2.69% 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 2.11%) | $222 | $680 | $1,160 |
| Trading costs (broker commissions) | $47 | $144 | $246 |
| Lost growth on money paid in costs | $0 | $41 | $144 |
| Total costs | $269 | $866 | $1,551 |
| Value after costs | $10,231 | $10,710 | $11,212 |
| Impact on return, per year | 2.69% | 2.69% | 2.69% |
C000207033 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): 0.4482%
- Total broker commissions: $239K
- Bought from dealers (principal trades, not a cost): $4.0M
- Portfolio turnover (prospectus): 894%
- Securities lending: none during the year
C000207033 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| BTIG LLC | $239K | 100.00% |
C000207033 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| BLOOMBERG | $4.0M | 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 Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date.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.