CEIIX Fees and Costs — Callodine Equity Income Series, Class I
Data updated: 2026-08-21
The net expense ratio is 0.95%: a 0.70% management fee plus 0.27% other expenses, less a 0.02% fee waiver. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $379K in broker commissions, 0.1974% of average net assets, and portfolio turnover was 70%.
CEIIX Fees and Expenses
Annual operating expenses and sales charges of CEIIX. Prospectus, as of March 13, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.70% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.27% |
| Gross expense ratio | 0.97% |
| Fee waiver | −0.02% |
| Net expense ratio | 0.95% |
| Sales charges | |
|---|---|
| Max front load | — |
| 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 |
CEIIX Costs Over Time
On $10,000 invested in CEIIX, assuming 5% a year before costs, total costs come to $716 over 5 years, cutting the return by 1.20% 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 0.95%) | $100 | $311 | $538 |
| Trading costs (broker commissions) | $21 | $65 | $112 |
| Lost growth on money paid in costs | $0 | $19 | $66 |
| Total costs | $120 | $394 | $716 |
| Value after costs | $10,380 | $11,182 | $12,047 |
| Impact on return, per year | 1.20% | 1.20% | 1.20% |
CEIIX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending December 31, 2025.
- Explicit cost rate (commissions ÷ average net assets): 0.1974%
- Total broker commissions: $379K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 70%
- Securities lending: none during the year
CEIIX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| JEFFERIES LLC | $377K | 99.59% |
| GOLDMAN SACHS & CO. LLC | $2K | 0.41% |
Callodine Equity Income Series Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| CEIZX | Class Z | 0.80% | — |
| CEIIX | Class I | 0.95% | — |
| CEISX | Class S | 1.20% | — |
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.