DHQIX Fees and Costs — Day Hagan Smart Value Fund, Class I
Data updated: 2024-02-28
The net expense ratio is 1.23%: a 1.00% management fee plus 1.26% other expenses, less a 1.03% fee waiver. There are no sales loads or redemption fees. In fiscal 2023 the fund paid $10K in broker commissions, 0.0452% of average net assets, and portfolio turnover was 171%.
DHQIX Fees and Expenses
Annual operating expenses and sales charges of DHQIX. Prospectus, as of October 31, 2023.
| Annual operating expenses | |
|---|---|
| Management fee | 1.00% |
| 12b-1 fee | 0.00% |
| Other expenses | 1.26% |
| Gross expense ratio | 2.26% |
| Fee waiver | −1.03% |
| Net expense ratio | 1.23% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| Max deferred load | 0.00% |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | Yes |
DHQIX Costs Over Time
On $10,000 invested in DHQIX, assuming 5% a year before costs, total costs come to $793 over 5 years, cutting the return by 1.34% 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 1.23%) | $129 | $402 | $695 |
| Trading costs (broker commissions) | $5 | $15 | $26 |
| Lost growth on money paid in costs | $0 | $21 | $73 |
| Total costs | $134 | $437 | $793 |
| Value after costs | $10,366 | $11,139 | $11,970 |
| Impact on return, per year | 1.34% | 1.34% | 1.34% |
DHQIX 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
DHQIX 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 Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date.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.