C000224304 Fees and Costs — Easterly Global Macro Fund, Class I
Data updated: 2022-08-01
The net expense ratio is 2.15% (3.39% before fee waivers). There are no sales loads or redemption fees. In fiscal 2021 the fund paid $5K in broker commissions, 0.0569% of average net assets, and portfolio turnover was 145%.
C000224304 Fees and Expenses
Annual operating expenses and sales charges of C000224304. Prospectus, as of December 31, 2021.
| Annual operating expenses | |
|---|---|
| Management fee | 1.10% |
| 12b-1 fee | — |
| Other expenses | — |
| Gross expense ratio | 3.39% |
| Fee waiver | −1.24% |
| Net expense ratio | 2.15% |
| 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 |
C000224304 Costs Over Time
On $10,000 invested in C000224304, assuming 5% a year before costs, total costs come to $1,348 over 5 years, cutting the return by 2.32% 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 2.15%) | $226 | $696 | $1,191 |
| Trading costs (broker commissions) | $6 | $18 | $32 |
| Lost growth on money paid in costs | $0 | $36 | $125 |
| Total costs | $232 | $750 | $1,348 |
| Value after costs | $10,268 | $10,827 | $11,415 |
| Impact on return, per year | 2.32% | 2.32% | 2.32% |
C000224304 Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending August 31, 2021.
- Explicit cost rate (commissions ÷ average net assets): 0.0569%
- Total broker commissions: $5K
- Bought from dealers (principal trades, not a cost): $6.5M
- Portfolio turnover (prospectus): 145%
- Securities lending: none during the year
C000224304 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| GOLDMAN SACHS | $3K | 56.98% |
| BNY MELLON | $1K | 24.04% |
| KNIGHT CAPITAL GROUP | $869 | 18.98% |
C000224304 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| BNY MELLON | $3.3M | 51.84% |
| BROWN BROTHERS & HARRIMAN | $3.1M | 48.16% |
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.