C000214741 Fees and Costs — AXS Managed Futures Strategy Fund, Class A
Data updated: 2022-08-22
The net expense ratio is 1.97% (2.38% before fee waivers). This share class carries a maximum front-end sales load of 5.75% and a redemption fee of 1.00%. Portfolio turnover was 0%.
C000214741 Fees and Expenses
Annual operating expenses and sales charges of C000214741. Prospectus, as of January 31, 2022.
| Annual operating expenses | |
|---|---|
| Management fee | 1.45% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.66% |
| Gross expense ratio | 2.38% |
| Fee waiver | −0.41% |
| Net expense ratio | 1.97% |
| Sales charges | |
|---|---|
| Max front load | 5.75% |
| Max deferred load | 0.00% |
| Redemption fee | 1.00% |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | Yes |
C000214741 Costs Over Time
On $10,000 invested in C000214741, assuming 5% a year before costs, total costs come to $1,873 over 5 years, cutting the return by 3.28% 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 1.97%) | $195 | $602 | $1,034 |
| Lost growth on money paid in costs | $29 | $121 | $264 |
| Total costs | $799 | $1,298 | $1,873 |
| Value after costs | $9,701 | $10,278 | $10,890 |
| Impact on return, per year | 7.99% | 4.08% | 3.28% |
C000214741 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): —
- Total broker commissions: —
- Bought from dealers (principal trades, not a cost): $3.1B
- Portfolio turnover (prospectus): 0%
- Securities lending: none during the year
C000214741 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| MORGAN STANLEY | $2.9B | 94.12% |
| DEUTSCHE BANK SECURITIES INC. | $181.9M | 5.88% |
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 Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date.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.