CWEIX Fees and Costs — Catalyst/Welton Advantage Multi-Strategy Fund, Class I
Data updated: 2026-09-11
The net expense ratio is 2.02% (2.53% before fee waivers). There are no sales loads or redemption fees. In fiscal 2026 the fund paid $339K in broker commissions, 0.6933% of average net assets, and portfolio turnover was 2575%.
CWEIX Fees and Expenses
Annual operating expenses and sales charges of CWEIX. Prospectus, as of November 1, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 1.75% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.75% |
| Gross expense ratio | 2.53% |
| Fee waiver | −0.51% |
| Net expense ratio | 2.02% |
| 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 |
CWEIX Costs Over Time
On $10,000 invested in CWEIX, assuming 5% a year before costs, total costs come to $1,640 over 5 years, cutting the return by 2.85% 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 2.02%) | $212 | $650 | $1,107 |
| Trading costs (broker commissions) | $73 | $223 | $380 |
| Lost growth on money paid in costs | $0 | $44 | $153 |
| Total costs | $285 | $917 | $1,640 |
| Value after costs | $10,215 | $10,659 | $11,123 |
| Impact on return, per year | 2.85% | 2.85% | 2.85% |
CWEIX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending June 30, 2026.
- Explicit cost rate (commissions ÷ average net assets): 0.6933%
- Total broker commissions: $339K
- Bought from dealers (principal trades, not a cost): $2.5B
- Portfolio turnover (prospectus): 2575%
- Securities lending: none during the year
CWEIX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| MORGAN STANLEY SMITH BARNEY | $339K | 100.00% |
CWEIX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| GOLDMAN SACHS | $2.1B | 82.85% |
| SOCIETE GENERALE SECURITIES SERVICES | $390.2M | 15.36% |
| US BANCORP | $33.8M | 1.33% |
| JPMORGAN CHASE | $11.7M | 0.46% |
Catalyst/Welton Advantage Multi-Strategy Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| CWEIX | Class I | 2.02% | none |
| CWEAX | Class A | 2.27% | 5.75% |
| CWECX | Class C | 3.02% | none |
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.