C000234278 Fees and Costs — AXS Income Opportunities Fund, Class I
Data updated: 2026-05-26
The net expense ratio is 2.17% (2.46% before fee waivers). There are no sales loads or redemption fees. In fiscal 2024 the fund paid $77K in broker commissions, 0.1263% of average net assets, and portfolio turnover was 150%.
C000234278 Fees and Expenses
Annual operating expenses and sales charges of C000234278. Prospectus, as of September 30, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 1.00% |
| 12b-1 fee | 0.00% |
| Other expenses | 1.26% |
| Gross expense ratio | 2.46% |
| Fee waiver | −0.29% |
| Net expense ratio | 2.17% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | Yes |
C000234278 Costs Over Time
On $10,000 invested in C000234278, assuming 5% a year before costs, total costs come to $1,400 over 5 years, cutting the return by 2.41% 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 2.17%) | $228 | $701 | $1,200 |
| Trading costs (broker commissions) | $13 | $41 | $70 |
| Lost growth on money paid in costs | $0 | $37 | $130 |
| Total costs | $241 | $779 | $1,400 |
| Value after costs | $10,259 | $10,797 | $11,363 |
| Impact on return, per year | 2.41% | 2.41% | 2.41% |
C000234278 Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending September 30, 2024.
- Explicit cost rate (commissions ÷ average net assets): 0.1263%
- Total broker commissions: $77K
- Bought from dealers (principal trades, not a cost): $600K
- Portfolio turnover (prospectus): 150%
- Securities lending: none during the year
C000234278 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Bloomberg Tradebook LLC | $77K | 100.00% |
C000234278 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| RAYMOND JAMES (USA) LTD. | $600K | 100.00% |
AXS Income Opportunities Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| C000234278 | Class I | 2.17% | none |
| C000234280 | Class D | 3.17% | none |
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.