MFRIX Fees and Costs — Marketfield Fund, Class R6
Data updated: 2022-03-11
The net expense ratio is 2.52% (2.88% before fee waivers). There are no sales loads or redemption fees. In fiscal 2021 the fund paid $36K in broker commissions, 0.0220% of average net assets, and portfolio turnover was 12%.
MFRIX Fees and Expenses
Annual operating expenses and sales charges of MFRIX. Prospectus, as of April 30, 2020.
| Annual operating expenses | |
|---|---|
| Management fee | 1.40% |
| 12b-1 fee | 0.00% |
| Other expenses | — |
| Gross expense ratio | 2.88% |
| Fee waiver | −0.36% |
| Net expense ratio | 2.52% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| Max deferred load | 0.00% |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | Yes |
MFRIX Costs Over Time
On $10,000 invested in MFRIX, assuming 5% a year before costs, total costs come to $1,542 over 5 years, cutting the return by 2.67% 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 2.52%) | $265 | $812 | $1,386 |
| Trading costs (broker commissions) | $2 | $7 | $12 |
| Lost growth on money paid in costs | $0 | $41 | $144 |
| Total costs | $267 | $861 | $1,542 |
| Value after costs | $10,233 | $10,716 | $11,221 |
| Impact on return, per year | 2.67% | 2.67% | 2.67% |
MFRIX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending December 31, 2021.
- Explicit cost rate (commissions ÷ average net assets): 0.0220%
- Total broker commissions: $36K
- Bought from dealers (principal trades, not a cost): $1.3M
- Portfolio turnover (prospectus): 12%
- Securities lending: none during the year
MFRIX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Credit Suisse Securities (USA) LLC | $21K | 59.69% |
| Wells Fargo Securities, LLC | $7K | 20.07% |
| Renaissance Macro Securities, LLC | $4K | 11.05% |
| Barclays Capital, Inc. | $2K | 6.18% |
| Merrill Lynch, Pierce, Fenner & Smith Incorporated | $1K | 2.91% |
| BOFAML Securities, Inc. | $37 | 0.10% |
MFRIX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| WELLS FARGO SECURITIES LLC | $1.3M | 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.