COGIX Fees and Costs — AXS Market Neutral Fund, Class I
Data updated: 2025-02-25
The net expense ratio is 2.34% (3.35% before fee waivers). This share class carries a redemption fee of 1.00%. In fiscal 2024 the fund paid $6K in broker commissions, 0.0321% of average net assets, and portfolio turnover was 30%.
COGIX Fees and Expenses
Annual operating expenses and sales charges of COGIX. Prospectus, as of January 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 1.40% |
| 12b-1 fee | 0.00% |
| Other expenses | 1.06% |
| Gross expense ratio | 3.35% |
| Fee waiver | −1.01% |
| Net expense ratio | 2.34% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| Max deferred load | — |
| Redemption fee | 1.00% |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | Yes |
COGIX Costs Over Time
On $10,000 invested in COGIX, assuming 5% a year before costs, total costs come to $1,444 over 5 years, cutting the return by 2.49% 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 2.34%) | $246 | $756 | $1,292 |
| Trading costs (broker commissions) | $3 | $10 | $18 |
| Lost growth on money paid in costs | $0 | $38 | $134 |
| Total costs | $249 | $804 | $1,444 |
| Value after costs | $10,251 | $10,772 | $11,319 |
| Impact on return, per year | 2.49% | 2.49% | 2.49% |
COGIX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending September 30, 2024.
- Explicit cost rate (commissions ÷ average net assets): 0.0321%
- Total broker commissions: $6K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 30%
- Securities lending: none during the year
COGIX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| BTIG, LLC | $4K | 68.51% |
| BNP PARIBAS SECURITIES CORP. | $2K | 31.49% |
AXS Market Neutral Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| COGIX | Class I | 2.34% | none |
| COGMX | Investor Class | 2.59% | — |
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.