JEIMX Fees and Costs — James Alpha Managed Risk Emerging Markets Equity Portfolio, Class I
Data updated: 2021-04-20
The net expense ratio is 2.36% (3.37% before fee waivers). There are no sales loads or redemption fees. In fiscal 2020 the fund paid $128K in broker commissions, 2.4104% of average net assets, and portfolio turnover was 519%.
JEIMX Fees and Expenses
Annual operating expenses and sales charges of JEIMX. Prospectus, as of December 31, 2020.
| Annual operating expenses | |
|---|---|
| Management fee | 1.20% |
| 12b-1 fee | 0.00% |
| Other expenses | — |
| Gross expense ratio | 3.37% |
| Fee waiver | −1.01% |
| Net expense ratio | 2.36% |
| 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 |
JEIMX Costs Over Time
On $10,000 invested in JEIMX, assuming 5% a year before costs, total costs come to $2,767 over 5 years, cutting the return by 5.01% 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 2.36%) | $248 | $743 | $1,239 |
| Trading costs (broker commissions) | $253 | $759 | $1,265 |
| Lost growth on money paid in costs | $0 | $76 | $263 |
| Total costs | $501 | $1,579 | $2,767 |
| Value after costs | $9,999 | $9,997 | $9,996 |
| Impact on return, per year | 5.01% | 5.01% | 5.01% |
JEIMX 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
JEIMX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Pershing | $127K | 98.89% |
| Dash Financial | $1K | 1.11% |
JEIMX 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 Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date.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.