CEXAX Fees and Costs — Camelot Excalibur Small Cap Income Fund, Class A
Data updated: 2020-08-28
The net expense ratio is 3.61% (4.65% before fee waivers). This share class carries a maximum front-end sales load of 5.75% and a deferred sales charge of up to 1.00%. In fiscal 2019 the fund paid $5K in broker commissions, 0.0460% of average net assets, and portfolio turnover was 79%.
CEXAX Fees and Expenses
Annual operating expenses and sales charges of CEXAX. Prospectus, as of January 31, 2020.
| Annual operating expenses | |
|---|---|
| Management fee | 1.00% |
| 12b-1 fee | 0.25% |
| Other expenses | 2.83% |
| Gross expense ratio | 4.65% |
| Fee waiver | −1.04% |
| Net expense ratio | 3.61% |
| Sales charges | |
|---|---|
| Max front load | 5.75% |
| Max deferred load | 1.00% |
| 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 |
CEXAX Costs Over Time
On $10,000 invested in CEXAX, assuming 5% a year before costs, total costs come to $2,778 over 5 years, cutting the return by 5.03% 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 | $670 | $575 | $575 |
| Fund expenses (net expense ratio 3.61%) | $357 | $1,084 | $1,828 |
| Trading costs (broker commissions) | $5 | $14 | $23 |
| Lost growth on money paid in costs | $29 | $146 | $351 |
| Total costs | $1,061 | $1,819 | $2,778 |
| Value after costs | $9,439 | $9,757 | $9,985 |
| Impact on return, per year | 10.61% | 5.82% | 5.03% |
CEXAX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending September 30, 2019.
- Explicit cost rate (commissions ÷ average net assets): 0.0460%
- Total broker commissions: $5K
- Bought from dealers (principal trades, not a cost): $2.9M
- Portfolio turnover (prospectus): 79%
- Securities lending: none during the year
CEXAX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Interactive Brokers | $5K | 100.00% |
CEXAX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Interactive Brokers | $1.5M | 53.10% |
| National Alliance | $1.2M | 43.55% |
| Bloomberg | $96K | 3.35% |
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.