DHQAX Fees and Costs — Day Hagan Smart Value Fund, Class A
Data updated: 2024-02-28
The net expense ratio is 1.48%: a 1.00% management fee, a 0.25% 12b-1 fee plus 1.26% other expenses, less a 1.03% fee waiver. This share class carries a maximum front-end sales load of 5.75% and a deferred sales charge of up to 1.00%. In fiscal 2023 the fund paid $10K in broker commissions, 0.0452% of average net assets, and portfolio turnover was 171%.
DHQAX Fees and Expenses
Annual operating expenses and sales charges of DHQAX. Prospectus, as of October 31, 2023.
| Annual operating expenses | |
|---|---|
| Management fee | 1.00% |
| 12b-1 fee | 0.25% |
| Other expenses | 1.26% |
| Gross expense ratio | 2.51% |
| Fee waiver | −1.03% |
| Net expense ratio | 1.48% |
| Sales charges | |
|---|---|
| Max front load | 5.75% |
| Max deferred load | 1.00% |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | Yes |
DHQAX Costs Over Time
On $10,000 invested in DHQAX, assuming 5% a year before costs, total costs come to $1,624 over 5 years, cutting the return by 2.82% 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 |
| Sales charges | $672 | $575 | $575 |
| Fund expenses (net expense ratio 1.48%) | $146 | $454 | $784 |
| Trading costs (broker commissions) | $4 | $14 | $24 |
| Lost growth on money paid in costs | $29 | $114 | $241 |
| Total costs | $852 | $1,157 | $1,624 |
| Value after costs | $9,648 | $10,419 | $11,139 |
| Impact on return, per year | 8.52% | 3.62% | 2.82% |
DHQAX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending June 30, 2023.
- Explicit cost rate (commissions ÷ average net assets): 0.0452%
- Total broker commissions: $10K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 171%
- Securities lending: none during the year
DHQAX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Jones Trading | $10K | 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 Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date.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.