JEHIX Fees and Costs — James Alpha EHS Portfolio, Class I
Data updated: 2021-04-28
The net expense ratio is 2.08% (4.69% before fee waivers). There are no sales loads or redemption fees. In fiscal 2020 the fund paid $1K in broker commissions, 0.0618% of average net assets, and portfolio turnover was 143%.
JEHIX Fees and Expenses
Annual operating expenses and sales charges of JEHIX. Prospectus, as of March 31, 2020.
| Annual operating expenses | |
|---|---|
| Management fee | 1.00% |
| 12b-1 fee | 0.00% |
| Other expenses | — |
| Gross expense ratio | 4.69% |
| Fee waiver | −2.61% |
| Net expense ratio | 2.08% |
| 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 |
JEHIX Costs Over Time
On $10,000 invested in JEHIX, assuming 5% a year before costs, total costs come to $1,309 over 5 years, cutting the return by 2.25% 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 2.08%) | $218 | $673 | $1,154 |
| Trading costs (broker commissions) | $6 | $20 | $34 |
| Lost growth on money paid in costs | $0 | $35 | $121 |
| Total costs | $225 | $728 | $1,309 |
| Value after costs | $10,275 | $10,848 | $11,453 |
| Impact on return, per year | 2.25% | 2.25% | 2.25% |
JEHIX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending November 30, 2020.
- Explicit cost rate (commissions ÷ average net assets): 0.0618%
- Total broker commissions: $1K
- Bought from dealers (principal trades, not a cost): $435K
- Portfolio turnover (prospectus): 143%
- Securities lending: none during the year
JEHIX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| GOLDMAN SACHS & CO. LLC | $795 | 73.42% |
| KNIGHT CAPITAL GROUP | $288 | 26.58% |
JEHIX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| BNY MELLON CAPITAL MARKETS, LLC | $435K | 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 Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date.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.