CPRIX Fees and Costs — Camelot Premium Return Fund, Class I
Data updated: 2020-08-28
The net expense ratio is 5.13% (5.30% before fee waivers). There are no sales loads or redemption fees. In fiscal 2019 the fund paid $18K in broker commissions, 0.0396% of average net assets, and portfolio turnover was 221%.
CPRIX Fees and Expenses
Annual operating expenses and sales charges of CPRIX. Prospectus, as of January 31, 2020.
| Annual operating expenses | |
|---|---|
| Management fee | 1.00% |
| 12b-1 fee | 0.00% |
| Other expenses | 3.25% |
| Gross expense ratio | 5.30% |
| Fee waiver | −0.17% |
| Net expense ratio | 5.13% |
| 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 |
CPRIX Costs Over Time
On $10,000 invested in CPRIX, assuming 5% a year before costs, total costs come to $2,975 over 5 years, cutting the return by 5.43% 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 5.13%) | $539 | $1,609 | $2,670 |
| Trading costs (broker commissions) | $4 | $12 | $21 |
| Lost growth on money paid in costs | $0 | $83 | $284 |
| Total costs | $543 | $1,704 | $2,975 |
| Value after costs | $9,957 | $9,872 | $9,788 |
| Impact on return, per year | 5.43% | 5.43% | 5.43% |
CPRIX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending September 30, 2019.
- Explicit cost rate (commissions ÷ average net assets): 0.0396%
- Total broker commissions: $18K
- Bought from dealers (principal trades, not a cost): $67.0M
- Portfolio turnover (prospectus): 221%
- Securities on loan, average value: $4.7M
- Net income from securities lending: $46K (0.101% of average net assets)
CPRIX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Interactive Brokers | $17K | 96.20% |
| Wallachbeth | $430 | 2.42% |
| US Bancorp | $245 | 1.38% |
CPRIX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Interactive Brokers | $59.1M | 88.26% |
| National Alliance | $5.0M | 7.53% |
| Bloomberg | $1.7M | 2.55% |
| JP Morgan Chase | $1.1M | 1.66% |
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.