HIOIX Fees and Costs — M3Sixty Income and Opportunity Fund, Institutional Class Shares
Data updated: 2026-07-24
The net expense ratio is 2.03% (2.54% before fee waivers). There are no sales loads or redemption fees. In fiscal 2025 the fund paid $27K in broker commissions, 0.1385% of average net assets, and portfolio turnover was 141%.
HIOIX Fees and Expenses
Annual operating expenses and sales charges of HIOIX. Prospectus, as of March 30, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 1.25% |
| 12b-1 fee | 0.00% |
| Other expenses | — |
| Gross expense ratio | 2.54% |
| Fee waiver | −0.51% |
| Net expense ratio | 2.03% |
| 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 |
HIOIX Costs Over Time
On $10,000 invested in HIOIX, assuming 5% a year before costs, total costs come to $1,325 over 5 years, cutting the return by 2.28% 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 2.03%) | $213 | $657 | $1,125 |
| Trading costs (broker commissions) | $15 | $45 | $77 |
| Lost growth on money paid in costs | $0 | $35 | $123 |
| Total costs | $228 | $737 | $1,325 |
| Value after costs | $10,272 | $10,839 | $11,438 |
| Impact on return, per year | 2.28% | 2.28% | 2.28% |
HIOIX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending November 30, 2025.
- Explicit cost rate (commissions ÷ average net assets): 0.1385%
- Total broker commissions: $27K
- Bought from dealers (principal trades, not a cost): $967K
- Portfolio turnover (prospectus): 141%
- Securities lending: none during the year
HIOIX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Huntington Securities, Inc. | $27K | 100.00% |
HIOIX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Huntington Securities, Inc. | $967K | 100.00% |
M3Sixty Income and Opportunity Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| HIOIX | Institutional Class Shares | 2.03% | none |
| HROAX | Class A | 2.28% | 5.50% |
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.