GIVYX Fees and Costs — Greenwich Ivy Long-Short Fund, Institutional Class
Data updated: 2024-02-21
The net expense ratio is 2.73% (3.19% before fee waivers). There are no sales loads or redemption fees. In fiscal 2023 the fund paid $256K in broker commissions, 0.7687% of average net assets, and portfolio turnover was 1079%.
GIVYX Fees and Expenses
Annual operating expenses and sales charges of GIVYX. Prospectus, as of January 31, 2024.
| Annual operating expenses | |
|---|---|
| Management fee | 1.50% |
| 12b-1 fee | 0.00% |
| Other expenses | 1.55% |
| Gross expense ratio | 3.19% |
| Fee waiver | −0.46% |
| Net expense ratio | 2.73% |
| 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 |
GIVYX Costs Over Time
On $10,000 invested in GIVYX, assuming 5% a year before costs, total costs come to $2,082 over 5 years, cutting the return by 3.67% 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 2.73%) | $287 | $871 | $1,472 |
| Trading costs (broker commissions) | $81 | $245 | $414 |
| Lost growth on money paid in costs | $0 | $56 | $196 |
| Total costs | $367 | $1,173 | $2,082 |
| Value after costs | $10,133 | $10,403 | $10,681 |
| Impact on return, per year | 3.67% | 3.67% | 3.67% |
GIVYX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending September 30, 2023.
- Explicit cost rate (commissions ÷ average net assets): 0.7687%
- Total broker commissions: $256K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 1079%
- Securities lending: none during the year
GIVYX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Jefferies, LLC | $256K | 100.00% |
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 Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date.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.