CONVX Fees and Costs — Certeza Convex Core Fund, Class I
Data updated: 2022-07-08
The net expense ratio is 2.11% (9.66% before fee waivers). There are no sales loads or redemption fees. In fiscal 2021 the fund paid $7K in broker commissions, 0.2378% of average net assets, and portfolio turnover was 0%.
CONVX Fees and Expenses
Annual operating expenses and sales charges of CONVX. Prospectus, as of March 31, 2022.
| Annual operating expenses | |
|---|---|
| Management fee | 1.39% |
| 12b-1 fee | — |
| Other expenses | 8.22% |
| Gross expense ratio | 9.66% |
| Fee waiver | −7.55% |
| Net expense ratio | 2.11% |
| 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 |
CONVX Costs Over Time
On $10,000 invested in CONVX, assuming 5% a year before costs, total costs come to $1,430 over 5 years, cutting the return by 2.47% 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 2.11%) | $222 | $682 | $1,165 |
| Trading costs (broker commissions) | $25 | $77 | $131 |
| Lost growth on money paid in costs | $0 | $38 | $133 |
| Total costs | $247 | $796 | $1,430 |
| Value after costs | $10,253 | $10,780 | $11,333 |
| Impact on return, per year | 2.47% | 2.47% | 2.47% |
CONVX 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
CONVX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Interactive Brokers | $7K | 100.00% |
CONVX 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 Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date.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.