C000234729 Fees and Costs — FS Managed Futures Fund, Class A
Data updated: 2024-11-29
The net expense ratio is 1.73% (5.24% before fee waivers). This share class carries a maximum front-end sales load of 5.00%. Portfolio turnover was 0%.
C000234729 Fees and Expenses
Annual operating expenses and sales charges of C000234729. Prospectus, as of April 30, 2024.
| Annual operating expenses | |
|---|---|
| Management fee | 1.15% |
| 12b-1 fee | 0.25% |
| Other expenses | 3.76% |
| Gross expense ratio | 5.24% |
| Fee waiver | −3.51% |
| Net expense ratio | 1.73% |
| Sales charges | |
|---|---|
| Max front load | 5.00% |
| Max deferred load | 0.00% |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | Yes |
C000234729 Costs Over Time
On $10,000 invested in C000234729, assuming 5% a year before costs, total costs come to $1,651 over 5 years, cutting the return by 2.87% 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 | $500 | $500 | $500 |
| Fund expenses (net expense ratio 1.73%) | $173 | $534 | $920 |
| Lost growth on money paid in costs | $25 | $105 | $232 |
| Total costs | $698 | $1,140 | $1,651 |
| Value after costs | $9,802 | $10,436 | $11,112 |
| Impact on return, per year | 6.98% | 3.57% | 2.87% |
C000234729 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): —
- Total broker commissions: —
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 0%
- Securities lending: none during the year
C000234729 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| STATE STREET | $1.0M | 57.14% |
| SOCIETE GENERAL COWEN SECURITIES | $750K | 42.86% |
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 Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date.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.