LIONX Fees and Costs — Issachar Fund, Class N
Data updated: 2025-08-21
The net expense ratio is 3.52%. There are no sales loads or redemption fees. In fiscal 2024 the fund paid $61K in broker commissions, 0.4312% of average net assets, and portfolio turnover was 1573%.
LIONX Fees and Expenses
Annual operating expenses and sales charges of LIONX. Prospectus, as of January 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 1.00% |
| 12b-1 fee | 0.25% |
| Other expenses | 2.15% |
| Gross expense ratio | 3.52% |
| Fee waiver | — |
| Net expense ratio | 3.52% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| Max deferred load | — |
| Redemption fee | 0.00% |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | No |
LIONX Costs Over Time
On $10,000 invested in LIONX, assuming 5% a year before costs, total costs come to $2,330 over 5 years, cutting the return by 4.15% 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 3.52%) | $370 | $1,118 | $1,880 |
| Trading costs (broker commissions) | $45 | $137 | $230 |
| Lost growth on money paid in costs | $0 | $63 | $220 |
| Total costs | $415 | $1,319 | $2,330 |
| Value after costs | $10,085 | $10,258 | $10,433 |
| Impact on return, per year | 4.15% | 4.15% | 4.15% |
LIONX 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): 0.4312%
- Total broker commissions: $61K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 1573%
- Securities lending: none during the year
LIONX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Ceros | $61K | 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 Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date.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.