CTVIX Fees and Costs — Catalyst Small-Cap Insider Buying Fund, Class I
Data updated: 2021-05-28
The net expense ratio is 1.55%: a 1.25% management fee plus 1.48% other expenses, less a 1.18% fee waiver. There are no sales loads or redemption fees. In fiscal 2020 the fund paid $115K in broker commissions, 1.1919% of average net assets, and portfolio turnover was 225%.
CTVIX Fees and Expenses
Annual operating expenses and sales charges of CTVIX. Prospectus, as of October 31, 2020.
| Annual operating expenses | |
|---|---|
| Management fee | 1.25% |
| 12b-1 fee | 0.00% |
| Other expenses | 1.48% |
| Gross expense ratio | 2.73% |
| Fee waiver | −1.18% |
| Net expense ratio | 1.55% |
| 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 |
CTVIX Costs Over Time
On $10,000 invested in CTVIX, assuming 5% a year before costs, total costs come to $1,656 over 5 years, cutting the return by 2.88% 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 1.55%) | $163 | $499 | $849 |
| Trading costs (broker commissions) | $125 | $383 | $653 |
| Lost growth on money paid in costs | $0 | $44 | $154 |
| Total costs | $288 | $926 | $1,656 |
| Value after costs | $10,212 | $10,650 | $11,106 |
| Impact on return, per year | 2.88% | 2.88% | 2.88% |
CTVIX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending June 30, 2020.
- Explicit cost rate (commissions ÷ average net assets): 1.1919%
- Total broker commissions: $115K
- Bought from dealers (principal trades, not a cost): $651K
- Portfolio turnover (prospectus): 225%
- Securities on loan, average value: $1.1M
- Net income from securities lending: $9K (0.095% of average net assets)
CTVIX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Jones Trading | $105K | 91.60% |
| Goldman Sachs | $9K | 7.96% |
| Mischler Financial Group | $497 | 0.43% |
CTVIX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Jones Trading | $497K | 76.33% |
| US Bancorp | $154K | 23.67% |
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.