EEQAX Fees and Costs — BTS Enhanced Equity Income Fund, Class A
Data updated: 2026-08-24
The net expense ratio is 1.58% (3.27% before fee waivers). This share class carries a maximum front-end sales load of 3.75% and a deferred sales charge of up to 1.00%. In fiscal 2025 the fund paid $3K in broker commissions, 0.0315% of average net assets, and portfolio turnover was 177%.
EEQAX Fees and Expenses
Annual operating expenses and sales charges of EEQAX. Prospectus, as of April 30, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.60% |
| 12b-1 fee | 0.25% |
| Other expenses | 2.39% |
| Gross expense ratio | 3.27% |
| Fee waiver | −1.69% |
| Net expense ratio | 1.58% |
| Sales charges | |
|---|---|
| Max front load | 3.75% |
| Max deferred load | 1.00% |
| 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 |
EEQAX Costs Over Time
On $10,000 invested in EEQAX, assuming 5% a year before costs, total costs come to $1,437 over 5 years, cutting the return by 2.48% 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 |
| Sales charges | $474 | $375 | $375 |
| Fund expenses (net expense ratio 1.58%) | $160 | $495 | $853 |
| Trading costs (broker commissions) | $3 | $10 | $17 |
| Lost growth on money paid in costs | $19 | $84 | $192 |
| Total costs | $656 | $964 | $1,437 |
| Value after costs | $9,844 | $10,612 | $11,326 |
| Impact on return, per year | 6.56% | 3.00% | 2.48% |
EEQAX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending December 31, 2025.
- Explicit cost rate (commissions ÷ average net assets): 0.0315%
- Total broker commissions: $3K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 177%
- Securities lending: none during the year
EEQAX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Wallachbeth Capital, LLC | $3K | 100.00% |
BTS Enhanced Equity Income Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| EEQIX | Class I | 1.33% | none |
| EEQAX | Class A | 1.58% | 3.75% |
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.