MHFCX Fees and Costs — Equinox MutualHedge Futures Strategy Fund, Class C
Data updated: 2020-02-24
The net expense ratio is 2.70%: a 1.45% management fee, a 1.00% 12b-1 fee plus 0.25% other expenses. This share class carries a deferred sales charge of up to 1.00% and a redemption fee of 1.00%. Portfolio turnover was 75%.
MHFCX Fees and Expenses
Annual operating expenses and sales charges of MHFCX. Prospectus, as of January 31, 2019.
| Annual operating expenses | |
|---|---|
| Management fee | 1.45% |
| 12b-1 fee | 1.00% |
| Other expenses | 0.25% |
| Gross expense ratio | 2.70% |
| Fee waiver | — |
| Net expense ratio | 2.70% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| Max deferred load | 1.00% |
| Redemption fee | 1.00% |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | No |
| Waived fees subject to recoupment | Yes |
MHFCX Costs Over Time
On $10,000 invested in MHFCX, assuming 5% a year before costs, total costs come to $1,632 over 5 years, cutting the return by 2.84% 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 2.70%) | $284 | $869 | $1,480 |
| Lost growth on money paid in costs | $0 | $44 | $152 |
| Total costs | $386 | $913 | $1,632 |
| Value after costs | $10,114 | $10,664 | $11,130 |
| Impact on return, per year | 3.86% | 2.83% | 2.84% |
MHFCX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending September 30, 2019.
- Explicit cost rate (commissions ÷ average net assets): —
- Total broker commissions: —
- Bought from dealers (principal trades, not a cost): $205.7M
- Portfolio turnover (prospectus): 75%
- Securities lending: none during the year
MHFCX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| US BANCORP | $179.8M | 87.41% |
| DEUTSCHE BANK | $18.4M | 8.95% |
| SILVER LEAF PARTNERS | $7.5M | 3.64% |
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 Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date.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.