CWXIX Fees and Costs — Catalyst Systematic High Income Fund, Class I
Data updated: 2026-09-11
The net expense ratio is 2.06% (2.18% before fee waivers). There are no sales loads or redemption fees. In fiscal 2026 the fund paid $317K in broker commissions, 0.6019% of average net assets, and portfolio turnover was 0%.
CWXIX Fees and Expenses
Annual operating expenses and sales charges of CWXIX. Prospectus, as of November 1, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 1.75% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.36% |
| Gross expense ratio | 2.18% |
| Fee waiver | −0.12% |
| Net expense ratio | 2.06% |
| 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 |
CWXIX Costs Over Time
On $10,000 invested in CWXIX, assuming 5% a year before costs, total costs come to $1,611 over 5 years, cutting the return by 2.79% 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 2.06%) | $216 | $663 | $1,130 |
| Trading costs (broker commissions) | $63 | $194 | $330 |
| Lost growth on money paid in costs | $0 | $43 | $150 |
| Total costs | $279 | $900 | $1,611 |
| Value after costs | $10,221 | $10,676 | $11,152 |
| Impact on return, per year | 2.79% | 2.79% | 2.79% |
CWXIX 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): 0.6019%
- Total broker commissions: $317K
- Bought from dealers (principal trades, not a cost): $148.6M
- Portfolio turnover (prospectus): 0%
- Securities lending: none during the year
CWXIX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| X-CHANGE FINANCIAL ACCESS | $317K | 100.00% |
CWXIX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| US BANCORP | $82.5M | 55.54% |
| MarketAxess Corp | $51.6M | 34.71% |
| Dinosaur Financial Group LLC | $9.2M | 6.20% |
| STONEX FINANCIAL | $2.9M | 1.97% |
| BNP PARIBAS | $2.3M | 1.57% |
Catalyst Systematic High Income Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| CWXIX | Class I | 2.06% | none |
| CWXAX | Class A | 2.31% | 5.75% |
| CWXCX | Class C | 3.06% | 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.