IOXIX Fees and Costs — Catalyst Interest Rate Opportunity Fund, Class I
Data updated: 2022-11-28
The net expense ratio is 1.37% (1.95% before fee waivers). There are no sales loads or redemption fees. In fiscal 2022 the fund paid $71K in broker commissions, 0.3134% of average net assets, and portfolio turnover was 660%.
IOXIX Fees and Expenses
Annual operating expenses and sales charges of IOXIX. Prospectus, as of October 31, 2021.
| Annual operating expenses | |
|---|---|
| Management fee | 1.25% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.68% |
| Gross expense ratio | 1.95% |
| Fee waiver | −0.58% |
| Net expense ratio | 1.37% |
| 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 |
IOXIX Costs Over Time
On $10,000 invested in IOXIX, assuming 5% a year before costs, total costs come to $1,039 over 5 years, cutting the return by 1.77% 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 1.37%) | $144 | $446 | $767 |
| Trading costs (broker commissions) | $33 | $102 | $176 |
| Lost growth on money paid in costs | $0 | $27 | $96 |
| Total costs | $177 | $575 | $1,039 |
| Value after costs | $10,323 | $11,001 | $11,724 |
| Impact on return, per year | 1.77% | 1.77% | 1.77% |
IOXIX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending June 30, 2022.
- Explicit cost rate (commissions ÷ average net assets): 0.3134%
- Total broker commissions: $71K
- Bought from dealers (principal trades, not a cost): $1.2B
- Portfolio turnover (prospectus): 660%
- Securities lending: none during the year
IOXIX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| INTERACTIVE BROKERS | $30K | 41.88% |
| STONEX FINANCIAL | $24K | 34.28% |
| STONECREST PARTNERS | $16K | 23.26% |
| WESTERN INTERNATIONAL SECURITIES | $400 | 0.57% |
| FCSTONE | $5 | 0.01% |
IOXIX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| WEDBUSH SECURITIES | $1.1B | 92.42% |
| MORGAN STANLEY SMITH BARNEY | $48.1M | 3.90% |
| STONECREST PARTNERS | $22.1M | 1.79% |
| WESTERN INTERNATIONAL SECURITIES | $11.3M | 0.92% |
| INTERACTIVE BROKERS | $10.3M | 0.83% |
| DA Davidson | $490K | 0.04% |
| stoneX | $426K | 0.03% |
| NATIONAL ALLIANCE | $342K | 0.03% |
| MESIROW FINANCIAL | $228K | 0.02% |
| ZEUS FINANCIAL | $194K | 0.02% |
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.