CGGIX Fees and Costs — Catalyst Growth of Income Fund, Class I
Data updated: 2020-05-28
The net expense ratio is 1.13%: a 1.00% management fee plus 2.32% other expenses, less a 2.19% fee waiver. There are no sales loads or redemption fees. In fiscal 2019 the fund paid $4K in broker commissions, 0.0855% of average net assets, and portfolio turnover was 60%.
CGGIX Fees and Expenses
Annual operating expenses and sales charges of CGGIX. Prospectus, as of October 31, 2019.
| Annual operating expenses | |
|---|---|
| Management fee | 1.00% |
| 12b-1 fee | 0.00% |
| Other expenses | 2.32% |
| Gross expense ratio | 3.32% |
| Fee waiver | −2.19% |
| Net expense ratio | 1.13% |
| 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 |
CGGIX Costs Over Time
On $10,000 invested in CGGIX, assuming 5% a year before costs, total costs come to $757 over 5 years, cutting the return by 1.28% 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 1.13%) | $119 | $369 | $639 |
| Trading costs (broker commissions) | $9 | $28 | $48 |
| Lost growth on money paid in costs | $0 | $20 | $70 |
| Total costs | $128 | $417 | $757 |
| Value after costs | $10,372 | $11,159 | $12,006 |
| Impact on return, per year | 1.28% | 1.28% | 1.28% |
CGGIX 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
CGGIX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Jones Trading | $4K | 92.14% |
| Silver Leaf Partners | $323 | 7.82% |
| US Bancorp | $2 | 0.04% |
CGGIX 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.