LDVIX Fees and Costs — AXS FTSE Venture Capital Return Tracker Fund, Class I
Data updated: 2026-08-21
The net expense ratio is 1.51%: a 1.25% management fee plus 0.46% other expenses, less a 0.20% fee waiver. This share class carries a redemption fee of 1.00%. In fiscal 2024 the fund paid $198K in broker commissions, 0.1705% of average net assets, and portfolio turnover was 38%.
LDVIX Fees and Expenses
Annual operating expenses and sales charges of LDVIX. Prospectus, as of September 30, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 1.25% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.46% |
| Gross expense ratio | 1.71% |
| Fee waiver | −0.20% |
| Net expense ratio | 1.51% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| Max deferred load | 0.00% |
| Redemption fee | 1.00% |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | Yes |
LDVIX Costs Over Time
On $10,000 invested in LDVIX, assuming 5% a year before costs, total costs come to $1,037 over 5 years, cutting the return by 1.76% 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 1.51%) | $159 | $491 | $846 |
| Trading costs (broker commissions) | $18 | $55 | $95 |
| Lost growth on money paid in costs | $0 | $27 | $96 |
| Total costs | $176 | $574 | $1,037 |
| Value after costs | $10,324 | $11,002 | $11,726 |
| Impact on return, per year | 1.76% | 1.76% | 1.76% |
LDVIX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending September 30, 2024.
- Explicit cost rate (commissions ÷ average net assets): 0.1705%
- Total broker commissions: $198K
- Bought from dealers (principal trades, not a cost): $2.2B
- Portfolio turnover (prospectus): 38%
- Securities lending: none during the year
LDVIX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| BNP PARIBAS SECURITIES CORP. | $182K | 91.74% |
| WALLACHBETH CAPITAL LLC | $16K | 8.26% |
LDVIX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| BNP PARIBAS SECURITIES CORP. | $2.2B | 100.00% |
AXS FTSE Venture Capital Return Tracker Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| LDVIX | Class I | 1.51% | none |
| LDVAX | Class A | 1.76% | 5.75% |
| LDVCX | Class C | 2.51% | none |
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.