JFOCX Fees and Costs — James Alpha Family Office Portfolio, Class C
Data updated: 2021-04-28
The net expense ratio is 2.93% (4.09% before fee waivers). This share class carries a deferred sales charge of up to 1.00%. In fiscal 2020 the fund paid $2K in broker commissions, 0.0325% of average net assets, and portfolio turnover was 86%.
JFOCX Fees and Expenses
Annual operating expenses and sales charges of JFOCX. Prospectus, as of March 31, 2020.
| Annual operating expenses | |
|---|---|
| Management fee | 1.20% |
| 12b-1 fee | 1.00% |
| Other expenses | 1.45% |
| Gross expense ratio | 4.09% |
| Fee waiver | −1.16% |
| Net expense ratio | 2.93% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| Max deferred load | 1.00% |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | Yes |
JFOCX Costs Over Time
On $10,000 invested in JFOCX, assuming 5% a year before costs, total costs come to $1,782 over 5 years, cutting the return by 3.11% 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 | $102 | $0 | $0 |
| Fund expenses (net expense ratio 2.93%) | $308 | $940 | $1,597 |
| Trading costs (broker commissions) | $3 | $10 | $18 |
| Lost growth on money paid in costs | $0 | $48 | $167 |
| Total costs | $413 | $999 | $1,782 |
| Value after costs | $10,087 | $10,578 | $10,981 |
| Impact on return, per year | 4.13% | 3.11% | 3.11% |
JFOCX 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): 0.0325%
- Total broker commissions: $2K
- Bought from dealers (principal trades, not a cost): $218K
- Portfolio turnover (prospectus): 86%
- Securities lending: none during the year
JFOCX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| KNIGHT CAPITAL GROUP | $1K | 53.74% |
| GOLDMAN SACHS & CO. LLC | $1K | 46.26% |
JFOCX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| BNY MELLON CAPITAL MARKETS, LLC | $218K | 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 Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date.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.