MISEX Fees and Costs — Midas Special Opportunities
Data updated: 2026-08-18
The net expense ratio is 3.44%: a 0.93% management fee, a 0.25% 12b-1 fee plus 2.26% other expenses. This share class carries a redemption fee of 1.00%. In fiscal 2025 the fund paid $272 in broker commissions, 0.0013% of average net assets, and portfolio turnover was 5%.
MISEX Fees and Expenses
Annual operating expenses and sales charges of MISEX. Prospectus, as of December 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.93% |
| 12b-1 fee | 0.25% |
| Other expenses | 2.26% |
| Gross expense ratio | 3.44% |
| Fee waiver | — |
| Net expense ratio | 3.44% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| Max deferred load | 0.00% |
| Redemption fee | 1.00% |
| Expense limitation in place (N-CEN) | No |
| Fees waived or reduced during the year | No |
| Waived fees subject to recoupment | No |
MISEX Costs Over Time
On $10,000 invested in MISEX, assuming 5% a year before costs, total costs come to $2,050 over 5 years, cutting the return by 3.61% 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 3.44%) | $361 | $1,099 | $1,857 |
| Trading costs (broker commissions) | $0 | $0 | $1 |
| Lost growth on money paid in costs | $0 | $55 | $193 |
| Total costs | $361 | $1,154 | $2,050 |
| Value after costs | $10,139 | $10,422 | $10,713 |
| Impact on return, per year | 3.61% | 3.61% | 3.61% |
MISEX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending December 31, 2025.
- Explicit cost rate (commissions ÷ average net assets): 0.0013%
- Total broker commissions: $272
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 5%
- Securities lending: none during the year
MISEX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| WELLINGTON SHIELDS & CO LLC | $272 | 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 Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date.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.