C000224289 Fees and Costs — Easterly Total Hedge Portfolio, Class I
Data updated: 2023-07-28
The net expense ratio is 2.04% (2.39% before fee waivers). There are no sales loads or redemption fees. In fiscal 2022 the fund paid $23K in broker commissions, 0.0753% of average net assets, and portfolio turnover was 186%.
C000224289 Fees and Expenses
Annual operating expenses and sales charges of C000224289. Prospectus, as of March 31, 2023.
| Annual operating expenses | |
|---|---|
| Management fee | 1.00% |
| 12b-1 fee | — |
| Other expenses | 0.83% |
| Gross expense ratio | 2.39% |
| Fee waiver | −0.35% |
| Net expense ratio | 2.04% |
| 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 |
C000224289 Costs Over Time
On $10,000 invested in C000224289, assuming 5% a year before costs, total costs come to $1,294 over 5 years, cutting the return by 2.22% 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 2.04%) | $214 | $661 | $1,132 |
| Trading costs (broker commissions) | $8 | $24 | $42 |
| Lost growth on money paid in costs | $0 | $34 | $120 |
| Total costs | $222 | $719 | $1,294 |
| Value after costs | $10,278 | $10,857 | $11,469 |
| Impact on return, per year | 2.22% | 2.22% | 2.22% |
C000224289 Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending November 30, 2022.
- Explicit cost rate (commissions ÷ average net assets): 0.0753%
- Total broker commissions: $23K
- Bought from dealers (principal trades, not a cost): $7.8M
- Portfolio turnover (prospectus): 186%
- Securities lending: none during the year
C000224289 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| GOLDMAN SACHS | $14K | 59.02% |
| KNIGHT CAPITAL GROUP | $9K | 40.23% |
| BROWN BROTHERS & HARRIMAN | $176 | 0.75% |
C000224289 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| BROWN BROTHERS & HARRIMAN | $7.2M | 92.47% |
| GOLDMAN SACHS | $590K | 7.53% |
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.