JTHCX Fees and Costs — James Alpha Total Hedge Portfolio, Class C
Data updated: 2021-04-28
The net expense ratio is 3.20% (4.21% before fee waivers). This share class carries a deferred sales charge of up to 1.00%. In fiscal 2020 the fund paid $6K in broker commissions, 0.0542% of average net assets, and portfolio turnover was 114%.
JTHCX Fees and Expenses
Annual operating expenses and sales charges of JTHCX. Prospectus, as of March 31, 2020.
| Annual operating expenses | |
|---|---|
| Management fee | 1.00% |
| 12b-1 fee | 1.00% |
| Other expenses | — |
| Gross expense ratio | 4.21% |
| Fee waiver | −1.01% |
| Net expense ratio | 3.20% |
| 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 |
JTHCX Costs Over Time
On $10,000 invested in JTHCX, assuming 5% a year before costs, total costs come to $1,946 over 5 years, cutting the return by 3.42% 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 3.20%) | $336 | $1,024 | $1,734 |
| Trading costs (broker commissions) | $6 | $17 | $29 |
| Lost growth on money paid in costs | $0 | $52 | $182 |
| Total costs | $443 | $1,094 | $1,946 |
| Value after costs | $10,057 | $10,482 | $10,817 |
| Impact on return, per year | 4.43% | 3.42% | 3.42% |
JTHCX 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): 0.0542%
- Total broker commissions: $6K
- Bought from dealers (principal trades, not a cost): $3.1M
- Portfolio turnover (prospectus): 114%
- Securities lending: none during the year
JTHCX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| GOLDMAN SACHS & CO. LLC | $4K | 63.01% |
| KNIGHT CAPITAL GROUP | $2K | 36.99% |
JTHCX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| BNY MELLON CAPITAL MARKETS, LLC | $3.1M | 99.28% |
| GOLDMAN SACHS & CO. LLC | $22K | 0.72% |
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.