JECMX Fees and Costs — James Alpha Managed Risk Emerging Markets Equity Portfolio, Class C
Data updated: 2021-04-20
The net expense ratio is 3.55% (4.26% before fee waivers). This share class carries a deferred sales charge of up to 1.00%. In fiscal 2020 the fund paid $128K in broker commissions, 2.4104% of average net assets, and portfolio turnover was 519%.
JECMX Fees and Expenses
Annual operating expenses and sales charges of JECMX. Prospectus, as of December 31, 2020.
| Annual operating expenses | |
|---|---|
| Management fee | 1.20% |
| 12b-1 fee | 1.00% |
| Other expenses | — |
| Gross expense ratio | 4.26% |
| Fee waiver | −0.71% |
| Net expense ratio | 3.55% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| 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 |
JECMX Costs Over Time
On $10,000 invested in JECMX, assuming 5% a year before costs, total costs come to $3,376 over 5 years, cutting the return by 6.26% 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 | $99 | $0 | $0 |
| Fund expenses (net expense ratio 3.55%) | $373 | $1,104 | $1,817 |
| Trading costs (broker commissions) | $253 | $750 | $1,234 |
| Lost growth on money paid in costs | $0 | $95 | $325 |
| Total costs | $725 | $1,949 | $3,376 |
| Value after costs | $9,775 | $9,627 | $9,386 |
| Impact on return, per year | 7.25% | 6.26% | 6.26% |
JECMX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending August 31, 2020.
- Explicit cost rate (commissions ÷ average net assets): 2.4104%
- Total broker commissions: $128K
- Bought from dealers (principal trades, not a cost): $1.2M
- Portfolio turnover (prospectus): 519%
- Securities lending: none during the year
JECMX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Pershing | $127K | 98.89% |
| Dash Financial | $1K | 1.11% |
JECMX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Pershing | $1.2M | 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 Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date.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.