CHIIX Fees and Costs — Adaptive Hedged High Income Fund, Institutional Class Shares
Data updated: 2021-10-26
The net expense ratio is 1.57% (3.67% before fee waivers). There are no sales loads or redemption fees. In fiscal 2021 the fund paid $6K in broker commissions, 0.0562% of average net assets, and portfolio turnover was 134%.
CHIIX Fees and Expenses
Annual operating expenses and sales charges of CHIIX. Prospectus, as of May 31, 2021.
| Annual operating expenses | |
|---|---|
| Management fee | 1.00% |
| 12b-1 fee | 0.00% |
| Other expenses | 2.35% |
| Gross expense ratio | 3.67% |
| Fee waiver | −2.10% |
| Net expense ratio | 1.57% |
| 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 | No |
CHIIX Costs Over Time
On $10,000 invested in CHIIX, assuming 5% a year before costs, total costs come to $1,005 over 5 years, cutting the return by 1.71% 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 1.57%) | $165 | $511 | $880 |
| Trading costs (broker commissions) | $6 | $18 | $32 |
| Lost growth on money paid in costs | $0 | $26 | $93 |
| Total costs | $171 | $556 | $1,005 |
| Value after costs | $10,329 | $11,021 | $11,758 |
| Impact on return, per year | 1.71% | 1.71% | 1.71% |
CHIIX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending May 31, 2021.
- Explicit cost rate (commissions ÷ average net assets): 0.0562%
- Total broker commissions: $6K
- Bought from dealers (principal trades, not a cost): $2.9M
- Portfolio turnover (prospectus): 134%
- Securities lending: none during the year
CHIIX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Wallachbeth Capital, LLC | $6K | 100.00% |
CHIIX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Wallachbeth Capital, LLC | $2.9M | 100.00% |
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 Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date.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.