CNVEX Fees and Costs — Certeza Convex Core Fund, Class A
Data updated: 2022-07-08
The net expense ratio is 2.36% (9.91% before fee waivers). This share class carries a maximum front-end sales load of 5.75%. In fiscal 2021 the fund paid $7K in broker commissions, 0.2378% of average net assets, and portfolio turnover was 0%.
CNVEX Fees and Expenses
Annual operating expenses and sales charges of CNVEX. Prospectus, as of March 31, 2022.
| Annual operating expenses | |
|---|---|
| Management fee | 1.39% |
| 12b-1 fee | — |
| Other expenses | 8.22% |
| Gross expense ratio | 9.91% |
| Fee waiver | −7.55% |
| Net expense ratio | 2.36% |
| Sales charges | |
|---|---|
| Max front load | 5.75% |
| 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 |
CNVEX Costs Over Time
On $10,000 invested in CNVEX, assuming 5% a year before costs, total costs come to $2,217 over 5 years, cutting the return by 3.93% 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 | $575 | $575 | $575 |
| Fund expenses (net expense ratio 2.36%) | $234 | $717 | $1,222 |
| Trading costs (broker commissions) | $24 | $72 | $123 |
| Lost growth on money paid in costs | $29 | $130 | $297 |
| Total costs | $861 | $1,494 | $2,217 |
| Value after costs | $9,639 | $10,082 | $10,546 |
| Impact on return, per year | 8.61% | 4.73% | 3.93% |
CNVEX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending November 30, 2021.
- Explicit cost rate (commissions ÷ average net assets): 0.2378%
- Total broker commissions: $7K
- Bought from dealers (principal trades, not a cost): $95K
- Portfolio turnover (prospectus): 0%
- Securities lending: none during the year
CNVEX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Interactive Brokers | $7K | 100.00% |
CNVEX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Interactive Brokers | $95K | 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 Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date.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.