EASIX Fees and Costs — EAS Crow Point Alternatives Fund, Institutional Class Shares
Data updated: 2020-08-31
The net expense ratio is 2.56% (2.95% before fee waivers). There are no sales loads or redemption fees. In fiscal 2019 the fund paid $118K in broker commissions, 0.3321% of average net assets, and portfolio turnover was 147%.
EASIX Fees and Expenses
Annual operating expenses and sales charges of EASIX. Prospectus, as of January 31, 2020.
| Annual operating expenses | |
|---|---|
| Management fee | 1.00% |
| 12b-1 fee | 0.00% |
| Other expenses | 1.24% |
| Gross expense ratio | 2.95% |
| Fee waiver | −0.39% |
| Net expense ratio | 2.56% |
| 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 |
EASIX Costs Over Time
On $10,000 invested in EASIX, assuming 5% a year before costs, total costs come to $1,742 over 5 years, cutting the return by 3.04% 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 2.56%) | $269 | $822 | $1,398 |
| Trading costs (broker commissions) | $35 | $107 | $181 |
| Lost growth on money paid in costs | $0 | $47 | $163 |
| Total costs | $304 | $976 | $1,742 |
| Value after costs | $10,196 | $10,601 | $11,021 |
| Impact on return, per year | 3.04% | 3.04% | 3.04% |
EASIX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending September 30, 2019.
- Explicit cost rate (commissions ÷ average net assets): 0.3321%
- Total broker commissions: $118K
- Bought from dealers (principal trades, not a cost): $1.6M
- Portfolio turnover (prospectus): 147%
- Securities lending: none during the year
EASIX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Weeden & Company | $110K | 93.42% |
| Jones & Associates | $4K | 3.75% |
| Davidson, D.A. & Co. | $2K | 1.32% |
| MKM Partners LLC | $1K | 1.04% |
| Piper Jaffray & Co. | $548 | 0.47% |
EASIX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Goldman Sachs & Co. | $710K | 45.25% |
| Citigroup Global Markets, INC | $643K | 40.95% |
| Janney Montgomery Scott LLC | $217K | 13.80% |
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.