EEHIX Fees and Costs — AXS Alternative Growth Fund, Class I
Data updated: 2022-12-13
The net expense ratio is 1.03% (5.37% before fee waivers). This share class carries a redemption fee of 1.00%. In fiscal 2022 the fund paid $517 in broker commissions, 0.0132% of average net assets, and portfolio turnover was 0%.
EEHIX Fees and Expenses
Annual operating expenses and sales charges of EEHIX. Prospectus, as of January 31, 2022.
| Annual operating expenses | |
|---|---|
| Management fee | 0.75% |
| 12b-1 fee | 0.00% |
| Other expenses | 4.58% |
| Gross expense ratio | 5.37% |
| Fee waiver | −4.34% |
| Net expense ratio | 1.03% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| Max deferred load | 0.00% |
| Redemption fee | 1.00% |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | Yes |
EEHIX Costs Over Time
On $10,000 invested in EEHIX, assuming 5% a year before costs, total costs come to $652 over 5 years, cutting the return by 1.10% 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 1.03%) | $108 | $337 | $585 |
| Trading costs (broker commissions) | $1 | $4 | $7 |
| Lost growth on money paid in costs | $0 | $17 | $60 |
| Total costs | $110 | $359 | $652 |
| Value after costs | $10,390 | $11,218 | $12,111 |
| Impact on return, per year | 1.10% | 1.10% | 1.10% |
EEHIX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending September 30, 2022.
- Explicit cost rate (commissions ÷ average net assets): 0.0132%
- Total broker commissions: $517
- Bought from dealers (principal trades, not a cost): $24.6M
- Portfolio turnover (prospectus): 0%
- Securities lending: none during the year
EEHIX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| MORGAN STANLEY | $517 | 100.00% |
EEHIX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| DEUTSCHE BANK SECURITIES INC. | $24.6M | 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 Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date.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.