CANNX Fees and Costs — Cannabis Growth Fund, Investor Class
Data updated: 2021-09-28
The net expense ratio is 1.37% (27.38% before fee waivers). This share class carries a redemption fee of 1.00%. In fiscal 2021 the fund paid $11K in broker commissions, 0.5496% of average net assets, and portfolio turnover was 177%.
CANNX Fees and Expenses
Annual operating expenses and sales charges of CANNX. Prospectus, as of May 31, 2020.
| Annual operating expenses | |
|---|---|
| Management fee | 0.85% |
| 12b-1 fee | 0.25% |
| Other expenses | 26.26% |
| Gross expense ratio | 27.38% |
| Fee waiver | −26.01% |
| Net expense ratio | 1.37% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | 1.00% |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | Yes |
CANNX Costs Over Time
On $10,000 invested in CANNX, assuming 5% a year before costs, total costs come to $1,179 over 5 years, cutting the return by 2.02% 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 1.37%) | $144 | $445 | $763 |
| Trading costs (broker commissions) | $58 | $178 | $306 |
| Lost growth on money paid in costs | $0 | $31 | $109 |
| Total costs | $202 | $654 | $1,179 |
| Value after costs | $10,298 | $10,922 | $11,584 |
| Impact on return, per year | 2.02% | 2.02% | 2.02% |
CANNX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending January 31, 2021.
- Explicit cost rate (commissions ÷ average net assets): 0.5496%
- Total broker commissions: $11K
- Bought from dealers (principal trades, not a cost): $562K
- Portfolio turnover (prospectus): 177%
- Securities on loan, average value: $641K
- Net income from securities lending: $43K (2.182% of average net assets)
CANNX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| DASH FINANCIAL TECHNOLOGIES LLC | $11K | 100.00% |
CANNX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| BROWN BROTHERS HARRIMAN & CO. | $509K | 90.55% |
| CITIGROUP GLOBAL MARKETS INC. | $44K | 7.78% |
| DASH FINANCIAL TECHNOLOGIES LLC | $9K | 1.67% |
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.