C000231259 Fees and Costs — TOPS Target Range Portfolio, Class S
Data updated: 2024-05-30
The net expense ratio is 1.05%. There are no sales loads or redemption fees. In fiscal 2023 the fund paid $13K in broker commissions, 0.0744% of average net assets, and portfolio turnover was 46%.
C000231259 Fees and Expenses
Annual operating expenses and sales charges of C000231259. Prospectus, as of April 30, 2023.
| Annual operating expenses | |
|---|---|
| Management fee | 0.35% |
| 12b-1 fee | 0.45% |
| Other expenses | 0.15% |
| Gross expense ratio | 1.05% |
| Fee waiver | — |
| Net expense ratio | 1.05% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | No |
| Fees waived or reduced during the year | No |
| Waived fees subject to recoupment | No |
C000231259 Costs Over Time
On $10,000 invested in C000231259, assuming 5% a year before costs, total costs come to $702 over 5 years, cutting the return by 1.18% 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 1.05%) | $110 | $344 | $595 |
| Trading costs (broker commissions) | $8 | $24 | $42 |
| Lost growth on money paid in costs | $0 | $18 | $64 |
| Total costs | $118 | $386 | $702 |
| Value after costs | $10,382 | $11,190 | $12,061 |
| Impact on return, per year | 1.18% | 1.18% | 1.18% |
C000231259 Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending December 31, 2023.
- Explicit cost rate (commissions ÷ average net assets): 0.0744%
- Total broker commissions: $13K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 46%
- Securities lending: none during the year
C000231259 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| WEXFORD CLEARING SERVICES LLC | $13K | 97.57% |
| STONEX FINANCIAL | $313 | 2.43% |
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 Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date.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.