FOIIX Fees and Costs — MFAM Global Opportunities Fund, Institutional Class
Data updated: 2023-01-26
The net expense ratio is 0.95%: a 0.85% management fee plus 0.15% other expenses, less a 0.05% fee waiver. There are no sales loads or redemption fees. In fiscal 2021 the fund paid $238K in broker commissions, 0.0384% of average net assets, and portfolio turnover was 10%.
FOIIX Fees and Expenses
Annual operating expenses and sales charges of FOIIX. Prospectus, as of December 31, 2020.
| Annual operating expenses | |
|---|---|
| Management fee | 0.85% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.15% |
| Gross expense ratio | 1.00% |
| Fee waiver | −0.05% |
| Net expense ratio | 0.95% |
| 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 |
FOIIX Costs Over Time
On $10,000 invested in FOIIX, assuming 5% a year before costs, total costs come to $618 over 5 years, cutting the return by 1.04% 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 0.95%) | $100 | $311 | $540 |
| Trading costs (broker commissions) | $4 | $13 | $22 |
| Lost growth on money paid in costs | $0 | $16 | $57 |
| Total costs | $104 | $340 | $618 |
| Value after costs | $10,396 | $11,236 | $12,144 |
| Impact on return, per year | 1.04% | 1.04% | 1.04% |
FOIIX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending August 31, 2021.
- Explicit cost rate (commissions ÷ average net assets): 0.0384%
- Total broker commissions: $238K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 10%
- Securities on loan, average value: $55.5M
- Net income from securities lending: $41K (0.007% of average net assets)
FOIIX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| JEFFERIES & COMPANY INC. | $112K | 46.86% |
| DAIWA SECURITIES AMERICA | $85K | 35.63% |
| RAYMOND JAMES & ASSOCIATES INC. | $35K | 14.54% |
| CITIBANK NA | $7K | 2.96% |
MFAM Global Opportunities Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| FOIIX | Institutional Class | 0.95% | none |
| FOOLX | Investor Class | 1.09% | 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.