DECIX Fees and Costs — Decathlon Market Neutral Fund, Institutional Class
Data updated: 2024-03-14
The net expense ratio is 5.02%. There are no sales loads or redemption fees. In fiscal 2023 the fund paid $4K in broker commissions, 0.2026% of average net assets, and portfolio turnover was 354%.
DECIX Fees and Expenses
Annual operating expenses and sales charges of DECIX. Prospectus, as of October 31, 2023.
| Annual operating expenses | |
|---|---|
| Management fee | 0.90% |
| 12b-1 fee | 0.00% |
| Other expenses | 3.93% |
| Gross expense ratio | 5.02% |
| Fee waiver | — |
| Net expense ratio | 5.02% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| Max deferred load | 0.00% |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | No |
| Fees waived or reduced during the year | No |
| Waived fees subject to recoupment | No |
DECIX Costs Over Time
On $10,000 invested in DECIX, assuming 5% a year before costs, total costs come to $3,002 over 5 years, cutting the return by 5.48% 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 5.02%) | $527 | $1,574 | $2,610 |
| Trading costs (broker commissions) | $21 | $64 | $105 |
| Lost growth on money paid in costs | $0 | $83 | $287 |
| Total costs | $548 | $1,721 | $3,002 |
| Value after costs | $9,952 | $9,856 | $9,760 |
| Impact on return, per year | 5.48% | 5.48% | 5.48% |
DECIX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending December 31, 2023.
- Explicit cost rate (commissions ÷ average net assets): 0.2026%
- Total broker commissions: $4K
- Bought from dealers (principal trades, not a cost): $2
- Portfolio turnover (prospectus): 354%
- Securities lending: none during the year
DECIX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Ceros Finacial Services, Inc. | $2K | 65.50% |
| Interactive Brokers LLC | $1K | 34.50% |
DECIX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Interactive Brokers LLC | $2 | 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 Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date.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.