C000214729 Fees and Costs — AXS Aspect Core Diversified Strategy Fund, Class I
Data updated: 2021-12-13
The net expense ratio is 1.49% (2.38% before fee waivers). There are no sales loads or redemption fees. In fiscal 2021 the fund paid $37K in broker commissions, 0.1851% of average net assets, and portfolio turnover was 0%.
C000214729 Fees and Expenses
Annual operating expenses and sales charges of C000214729. Prospectus, as of February 28, 2021.
| Annual operating expenses | |
|---|---|
| Management fee | 1.30% |
| 12b-1 fee | 0.00% |
| Other expenses | 1.04% |
| Gross expense ratio | 2.38% |
| Fee waiver | −0.89% |
| Net expense ratio | 1.49% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| Max deferred load | 0.00% |
| Redemption fee | 0.00% |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | Yes |
C000214729 Costs Over Time
On $10,000 invested in C000214729, assuming 5% a year before costs, total costs come to $1,034 over 5 years, cutting the return by 1.76% 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 1.49%) | $156 | $485 | $835 |
| Trading costs (broker commissions) | $19 | $60 | $104 |
| Lost growth on money paid in costs | $0 | $27 | $95 |
| Total costs | $176 | $572 | $1,034 |
| Value after costs | $10,324 | $11,004 | $11,729 |
| Impact on return, per year | 1.76% | 1.76% | 1.76% |
C000214729 Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending September 30, 2021.
- Explicit cost rate (commissions ÷ average net assets): 0.1851%
- Total broker commissions: $37K
- Bought from dealers (principal trades, not a cost): $180.7M
- Portfolio turnover (prospectus): 0%
- Securities lending: none during the year
C000214729 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| MORGAN STANLEY | $37K | 99.99% |
| GOLDMAN SACHS & CO. LLC | $2 | 0.01% |
C000214729 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| MORGAN STANLEY | $180.7M | 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 Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date.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.