EVOIX Fees and Costs — Altegris Futures Evolution Strategy Fund, Class I
Data updated: 2026-08-28
The net expense ratio is 1.66% (2.17% before fee waivers). There are no sales loads or redemption fees. Portfolio turnover was 63%.
EVOIX Fees and Expenses
Annual operating expenses and sales charges of EVOIX. Prospectus, as of October 31, 2024.
| Annual operating expenses | |
|---|---|
| Management fee | 1.15% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.70% |
| Gross expense ratio | 2.17% |
| Fee waiver | −0.51% |
| Net expense ratio | 1.66% |
| 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 |
EVOIX Costs Over Time
On $10,000 invested in EVOIX, assuming 5% a year before costs, total costs come to $1,025 over 5 years, cutting the return by 1.74% 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 1.66%) | $174 | $540 | $930 |
| Lost growth on money paid in costs | $0 | $27 | $95 |
| Total costs | $174 | $567 | $1,025 |
| Value after costs | $10,326 | $11,009 | $11,738 |
| Impact on return, per year | 1.74% | 1.74% | 1.74% |
EVOIX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending June 30, 2025.
- Explicit cost rate (commissions ÷ average net assets): —
- Total broker commissions: —
- Bought from dealers (principal trades, not a cost): $343.9M
- Portfolio turnover (prospectus): 63%
- Securities lending: none during the year
EVOIX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| NOMURA GROUP | $327.9M | 95.35% |
| US BANCORP | $16.0M | 4.65% |
Altegris Futures Evolution Strategy Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| EVOIX | Class I | 1.66% | none |
| EVOAX | Class A | 1.91% | 5.75% |
| EVOCX | Class C | 2.66% | none |
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 Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date.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.