EQAIX Fees and Costs — Equinox Aspect Core Diversified Fund, Class I
Data updated: 2019-11-27
The net expense ratio is 1.45%: a 1.30% management fee plus 0.59% other expenses, less a 0.44% fee waiver. There are no sales loads or redemption fees. In fiscal 2018 the fund paid $81K in broker commissions, 0.2212% of average net assets, and portfolio turnover was 20%.
EQAIX Fees and Expenses
Annual operating expenses and sales charges of EQAIX. Prospectus, as of January 31, 2019.
| Annual operating expenses | |
|---|---|
| Management fee | 1.30% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.59% |
| Gross expense ratio | 1.89% |
| Fee waiver | −0.44% |
| Net expense ratio | 1.45% |
| 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 |
EQAIX Costs Over Time
On $10,000 invested in EQAIX, assuming 5% a year before costs, total costs come to $1,031 over 5 years, cutting the return by 1.75% 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 1.45%) | $152 | $472 | $812 |
| Trading costs (broker commissions) | $23 | $72 | $124 |
| Lost growth on money paid in costs | $0 | $27 | $95 |
| Total costs | $175 | $571 | $1,031 |
| Value after costs | $10,325 | $11,006 | $11,731 |
| Impact on return, per year | 1.75% | 1.75% | 1.75% |
EQAIX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending September 30, 2018.
- Explicit cost rate (commissions ÷ average net assets): 0.2212%
- Total broker commissions: $81K
- Bought from dealers (principal trades, not a cost): $42.5M
- Portfolio turnover (prospectus): 20%
- Securities lending: none during the year
EQAIX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Morgan Stanley | $81K | 100.00% |
EQAIX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| US Bancorp | $37.9M | 89.22% |
| Deutsche Bank | $3.0M | 6.99% |
| Silver Leaf Partners | $1.2M | 2.90% |
| Morgan Stanley | $376K | 0.88% |
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.