CGGAX Fees and Costs — Catalyst Growth of Income Fund, Class A
Data updated: 2020-05-28
The net expense ratio is 1.38%: a 1.00% management fee, a 0.25% 12b-1 fee plus 2.32% other expenses, less a 2.19% fee waiver. 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 $4K in broker commissions, 0.0855% of average net assets, and portfolio turnover was 60%.
CGGAX Fees and Expenses
Annual operating expenses and sales charges of CGGAX. Prospectus, as of October 31, 2019.
| Annual operating expenses | |
|---|---|
| Management fee | 1.00% |
| 12b-1 fee | 0.25% |
| Other expenses | 2.32% |
| Gross expense ratio | 3.57% |
| Fee waiver | −2.19% |
| Net expense ratio | 1.38% |
| 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 |
CGGAX Costs Over Time
On $10,000 invested in CGGAX, assuming 5% a year before costs, total costs come to $1,590 over 5 years, cutting the return by 2.76% 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 | $673 | $575 | $575 |
| Fund expenses (net expense ratio 1.38%) | $137 | $424 | $732 |
| Trading costs (broker commissions) | $8 | $26 | $45 |
| Lost growth on money paid in costs | $29 | $113 | $238 |
| Total costs | $846 | $1,138 | $1,590 |
| Value after costs | $9,654 | $10,438 | $11,173 |
| Impact on return, per year | 8.46% | 3.56% | 2.76% |
CGGAX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending June 30, 2019.
- Explicit cost rate (commissions ÷ average net assets): 0.0855%
- Total broker commissions: $4K
- Bought from dealers (principal trades, not a cost): $9.1M
- Portfolio turnover (prospectus): 60%
- Securities lending: none during the year
CGGAX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Jones Trading | $4K | 92.14% |
| Silver Leaf Partners | $323 | 7.82% |
| US Bancorp | $2 | 0.04% |
CGGAX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Jones Trading | $4.6M | 50.12% |
| Silver Leaf Partners | $4.5M | 49.83% |
| US Bancorp | $5K | 0.05% |
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.