CFHIX Fees and Costs — Catalyst/Millburn Dynamic Commodity Strategy Fund, Class I
Data updated: 2025-02-28
The net expense ratio is 2.01% (3.82% before fee waivers). There are no sales loads or redemption fees. In fiscal 2024 the fund paid $6K in broker commissions, 0.0504% of average net assets, and portfolio turnover was 112%.
CFHIX Fees and Expenses
Annual operating expenses and sales charges of CFHIX. Prospectus, as of October 31, 2024.
| Annual operating expenses | |
|---|---|
| Management fee | 1.75% |
| 12b-1 fee | 0.00% |
| Other expenses | 2.05% |
| Gross expense ratio | 3.82% |
| Fee waiver | −1.81% |
| Net expense ratio | 2.01% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| Max deferred load | 0.00% |
| 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 |
CFHIX Costs Over Time
On $10,000 invested in CFHIX, assuming 5% a year before costs, total costs come to $1,262 over 5 years, cutting the return by 2.16% 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 2.01%) | $211 | $651 | $1,117 |
| Trading costs (broker commissions) | $5 | $16 | $28 |
| Lost growth on money paid in costs | $0 | $33 | $117 |
| Total costs | $216 | $701 | $1,262 |
| Value after costs | $10,284 | $10,875 | $11,501 |
| Impact on return, per year | 2.16% | 2.16% | 2.16% |
CFHIX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending June 30, 2024.
- Explicit cost rate (commissions ÷ average net assets): 0.0504%
- Total broker commissions: $6K
- Bought from dealers (principal trades, not a cost): $4.0M
- Portfolio turnover (prospectus): 112%
- Securities lending: none during the year
CFHIX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| GOLDMAN SACHS | $6K | 100.00% |
CFHIX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| US BANCORP | $4.0M | 100.00% |
| GOLDMAN SACHS | $11 | 0.00% |
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 Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date.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.