C000234279 Fees and Costs — AXS Income Opportunities Fund, Class A
Data updated: 2026-05-26
The net expense ratio is 2.45%: a 1.00% management fee, a 0.25% 12b-1 fee plus 1.70% other expenses, less a 0.50% fee waiver. This share class carries a maximum front-end sales load of 5.75%. In fiscal 2024 the fund paid $77K in broker commissions, 0.1263% of average net assets, and portfolio turnover was 150%.
C000234279 Fees and Expenses
Annual operating expenses and sales charges of C000234279. Prospectus, as of January 31, 2024.
| Annual operating expenses | |
|---|---|
| Management fee | 1.00% |
| 12b-1 fee | 0.25% |
| Other expenses | 1.70% |
| Gross expense ratio | 2.95% |
| Fee waiver | −0.50% |
| Net expense ratio | 2.45% |
| Sales charges | |
|---|---|
| Max front load | 5.75% |
| Max deferred load | — |
| 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 |
C000234279 Costs Over Time
On $10,000 invested in C000234279, assuming 5% a year before costs, total costs come to $2,206 over 5 years, cutting the return by 3.91% 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 |
| Sales charges | $575 | $575 | $575 |
| Fund expenses (net expense ratio 2.45%) | $242 | $744 | $1,269 |
| Trading costs (broker commissions) | $12 | $38 | $65 |
| Lost growth on money paid in costs | $29 | $130 | $296 |
| Total costs | $859 | $1,487 | $2,206 |
| Value after costs | $9,641 | $10,089 | $10,557 |
| Impact on return, per year | 8.59% | 4.70% | 3.91% |
C000234279 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
C000234279 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Bloomberg Tradebook LLC | $77K | 100.00% |
C000234279 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 |
| C000234279 | Class A | 2.45% | 5.75% |
| 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.