C000224896 Fees and Costs — AXS Alternative Value Fund, Investor Class
Data updated: 2024-08-29
The net expense ratio is 2.68%: a 0.65% management fee, a 0.25% 12b-1 fee plus 2.42% other expenses, less a 0.64% fee waiver. This share class carries a redemption fee of 1.00%. In fiscal 2023 the fund paid $6K in broker commissions, 0.0270% of average net assets, and portfolio turnover was 33%.
C000224896 Fees and Expenses
Annual operating expenses and sales charges of C000224896. Prospectus, as of January 31, 2024.
| Annual operating expenses | |
|---|---|
| Management fee | 0.65% |
| 12b-1 fee | 0.25% |
| Other expenses | 2.42% |
| Gross expense ratio | 3.32% |
| Fee waiver | −0.64% |
| Net expense ratio | 2.68% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| 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 |
C000224896 Costs Over Time
On $10,000 invested in C000224896, assuming 5% a year before costs, total costs come to $1,636 over 5 years, cutting the return by 2.84% 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 2.68%) | $281 | $863 | $1,469 |
| Trading costs (broker commissions) | $3 | $9 | $15 |
| Lost growth on money paid in costs | $0 | $44 | $153 |
| Total costs | $284 | $915 | $1,636 |
| Value after costs | $10,216 | $10,661 | $11,126 |
| Impact on return, per year | 2.84% | 2.84% | 2.84% |
C000224896 Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending September 30, 2023.
- Explicit cost rate (commissions ÷ average net assets): 0.0270%
- Total broker commissions: $6K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 33%
- Securities lending: none during the year
C000224896 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| BTIG, LLC | $6K | 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 Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date.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.