CMIIX Fees and Costs — Curasset Capital Management Limited Term Income Fund
Data updated: 2026-08-25
The net expense ratio is 0.59% (0.67% before fee waivers). There are no sales loads or redemption fees. In fiscal 2025 the fund paid $12K in broker commissions, 0.0035% of average net assets, and portfolio turnover was 49%.
CMIIX Fees and Expenses
Annual operating expenses and sales charges of CMIIX. Prospectus, as of January 31, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.44% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.13% |
| Gross expense ratio | 0.67% |
| Fee waiver | −0.08% |
| Net expense ratio | 0.59% |
| 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 |
CMIIX Costs Over Time
On $10,000 invested in CMIIX, assuming 5% a year before costs, total costs come to $374 over 5 years, cutting the return by 0.62% 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 0.59%) | $62 | $194 | $338 |
| Trading costs (broker commissions) | $0 | $1 | $2 |
| Lost growth on money paid in costs | $0 | $10 | $34 |
| Total costs | $62 | $205 | $374 |
| Value after costs | $10,438 | $11,371 | $12,389 |
| Impact on return, per year | 0.62% | 0.62% | 0.62% |
CMIIX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending September 30, 2025.
- Explicit cost rate (commissions ÷ average net assets): 0.0035%
- Total broker commissions: $12K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 49%
- Securities lending: none during the year
CMIIX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Phillip Capital, Inc. | $6K | 48.97% |
| JEFFERIES LLC | $4K | 37.07% |
| CANTOR FITZGERALD & CO. | $918 | 7.78% |
| BTIG, LLC | $730 | 6.19% |
Curasset Capital Management Limited Term Income Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| CMIFX | Founders Class | 0.44% | none |
| CMIIX | C000231002 | 0.59% | none |
| CMIVX | C000230999 | 0.84% | none |
| CMIAX | C000231000 | 0.97% | 3.75% |
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.