HANIX Fees and Costs — Hanlon Managed Income Fund, Class I
Data updated: 2021-10-14
The net expense ratio is 1.80%. There are no sales loads or redemption fees. In fiscal 2021 the fund paid $597 in broker commissions, 0.0007% of average net assets, and portfolio turnover was 721%.
HANIX Fees and Expenses
Annual operating expenses and sales charges of HANIX. Prospectus, as of November 30, 2020.
| Annual operating expenses | |
|---|---|
| Management fee | 1.00% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.45% |
| Gross expense ratio | 1.80% |
| Fee waiver | — |
| Net expense ratio | 1.80% |
| 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 |
HANIX Costs Over Time
On $10,000 invested in HANIX, assuming 5% a year before costs, total costs come to $1,108 over 5 years, cutting the return by 1.89% 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 1.80%) | $189 | $585 | $1,006 |
| Trading costs (broker commissions) | $0 | $0 | $0 |
| Lost growth on money paid in costs | $0 | $29 | $102 |
| Total costs | $189 | $614 | $1,108 |
| Value after costs | $10,311 | $10,962 | $11,654 |
| Impact on return, per year | 1.89% | 1.89% | 1.89% |
HANIX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending July 31, 2021.
- Explicit cost rate (commissions ÷ average net assets): 0.0007%
- Total broker commissions: $597
- Bought from dealers (principal trades, not a cost): $868.3M
- Portfolio turnover (prospectus): 721%
- Securities on loan, average value: $18.9M
- Net income from securities lending: $131K (0.148% of average net assets)
HANIX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| VIRTU FINANCIAL | $597 | 100.00% |
HANIX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| VIRTU FINANCIAL | $805.8M | 92.77% |
| MISCHLER FINANCIAL GROUP | $62.8M | 7.23% |
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 Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date.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.