CMSYX Fees and Costs — Adaptive Tactical Outlook Fund, Class C
Data updated: 2021-10-26
The net expense ratio is 2.37% (3.96% before fee waivers). This share class carries a deferred sales charge of up to 1.00%. In fiscal 2021 the fund paid $4K in broker commissions, 0.0355% of average net assets, and portfolio turnover was 144%.
CMSYX Fees and Expenses
Annual operating expenses and sales charges of CMSYX. Prospectus, as of May 31, 2021.
| Annual operating expenses | |
|---|---|
| Management fee | 1.00% |
| 12b-1 fee | 1.00% |
| Other expenses | 1.84% |
| Gross expense ratio | 3.96% |
| Fee waiver | −1.59% |
| Net expense ratio | 2.37% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| 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 | No |
CMSYX Costs Over Time
On $10,000 invested in CMSYX, assuming 5% a year before costs, total costs come to $1,463 over 5 years, cutting the return by 2.53% 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 | $102 | $0 | $0 |
| Fund expenses (net expense ratio 2.37%) | $249 | $765 | $1,307 |
| Trading costs (broker commissions) | $4 | $11 | $20 |
| Lost growth on money paid in costs | $0 | $39 | $136 |
| Total costs | $355 | $815 | $1,463 |
| Value after costs | $10,145 | $10,761 | $11,300 |
| Impact on return, per year | 3.55% | 2.53% | 2.53% |
CMSYX 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): 0.0355%
- Total broker commissions: $4K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 144%
- Securities lending: none during the year
CMSYX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Wallachbeth Capital, LLC | $4K | 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 Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date.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.