FXTAX Fees and Costs — PSI Tactical Growth Fund, Class A
Data updated: 2021-11-23
The net expense ratio is 2.32% (3.32% before fee waivers). This share class carries a maximum front-end sales load of 5.75% and a deferred sales charge of up to 1.00%. In fiscal 2021 the fund paid $159K in broker commissions, 1.4618% of average net assets, and portfolio turnover was 6627%.
FXTAX Fees and Expenses
Annual operating expenses and sales charges of FXTAX. Prospectus, as of October 31, 2020.
| Annual operating expenses | |
|---|---|
| Management fee | 1.00% |
| 12b-1 fee | 0.25% |
| Other expenses | 1.65% |
| Gross expense ratio | 3.32% |
| Fee waiver | −1.00% |
| Net expense ratio | 2.32% |
| Sales charges | |
|---|---|
| Max front load | 5.75% |
| 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 |
FXTAX Costs Over Time
On $10,000 invested in FXTAX, assuming 5% a year before costs, total costs come to $2,843 over 5 years, cutting the return by 5.16% 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 | $670 | $575 | $575 |
| Fund expenses (net expense ratio 2.32%) | $230 | $696 | $1,172 |
| Trading costs (broker commissions) | $145 | $438 | $738 |
| Lost growth on money paid in costs | $29 | $148 | $358 |
| Total costs | $1,073 | $1,857 | $2,843 |
| Value after costs | $9,427 | $9,719 | $9,920 |
| Impact on return, per year | 10.73% | 5.95% | 5.16% |
FXTAX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending June 30, 2021.
- Explicit cost rate (commissions ÷ average net assets): 1.4618%
- Total broker commissions: $159K
- Bought from dealers (principal trades, not a cost): $1.6M
- Portfolio turnover (prospectus): 6627%
- Securities lending: none during the year
FXTAX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| JP Morgan Chase | $159K | 99.99% |
| Knight Capital Group | $20 | 0.01% |
FXTAX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Union Bank | $1.1M | 65.08% |
| JP Morgan Chase | $566K | 34.92% |
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.