C000234730 Fees and Costs — FS Managed Futures Fund, Class I
Data updated: 2024-11-29
The net expense ratio is 1.48% (4.99% before fee waivers). There are no sales loads or redemption fees. Portfolio turnover was 0%.
C000234730 Fees and Expenses
Annual operating expenses and sales charges of C000234730. Prospectus, as of April 30, 2024.
| Annual operating expenses | |
|---|---|
| Management fee | 1.15% |
| 12b-1 fee | 0.00% |
| Other expenses | 3.76% |
| Gross expense ratio | 4.99% |
| Fee waiver | −3.51% |
| Net expense ratio | 1.48% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| 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 |
C000234730 Costs Over Time
On $10,000 invested in C000234730, assuming 5% a year before costs, total costs come to $917 over 5 years, cutting the return by 1.55% 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 1.48%) | $155 | $482 | $832 |
| Lost growth on money paid in costs | $0 | $24 | $84 |
| Total costs | $155 | $506 | $917 |
| Value after costs | $10,345 | $11,070 | $11,846 |
| Impact on return, per year | 1.55% | 1.55% | 1.55% |
C000234730 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
C000234730 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 Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date.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.