MHFIX Fees and Costs — Equinox MutualHedge Futures Strategy Fund, Class I
Data updated: 2020-02-24
The net expense ratio is 1.70%: a 1.45% management fee plus 0.24% other expenses. This share class carries a redemption fee of 1.00%. Portfolio turnover was 75%.
MHFIX Fees and Expenses
Annual operating expenses and sales charges of MHFIX. Prospectus, as of January 31, 2019.
| Annual operating expenses | |
|---|---|
| Management fee | 1.45% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.24% |
| Gross expense ratio | 1.70% |
| Fee waiver | — |
| Net expense ratio | 1.70% |
| 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 | No |
| Waived fees subject to recoupment | Yes |
MHFIX Costs Over Time
On $10,000 invested in MHFIX, assuming 5% a year before costs, total costs come to $1,049 over 5 years, cutting the return by 1.78% 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 1.70%) | $178 | $553 | $952 |
| Lost growth on money paid in costs | $0 | $28 | $97 |
| Total costs | $178 | $580 | $1,049 |
| Value after costs | $10,322 | $10,996 | $11,714 |
| Impact on return, per year | 1.79% | 1.78% | 1.78% |
MHFIX 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
MHFIX 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 Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date.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.