MOOPX Fees and Costs — Mercator International Opportunity Fund, Class A
Data updated: 2025-03-12
The net expense ratio is 1.55%: a 0.84% management fee, a 0.25% 12b-1 fee plus 1.16% other expenses, less a 0.70% fee waiver. There are no sales loads or redemption fees. In fiscal 2024 the fund paid $60K in broker commissions, 0.3686% of average net assets, and portfolio turnover was 49%.
MOOPX Fees and Expenses
Annual operating expenses and sales charges of MOOPX. Prospectus, as of April 30, 2024.
| Annual operating expenses | |
|---|---|
| Management fee | 0.84% |
| 12b-1 fee | 0.25% |
| Other expenses | 1.16% |
| Gross expense ratio | 2.25% |
| Fee waiver | −0.70% |
| Net expense ratio | 1.55% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| Max deferred load | 0.00% |
| Redemption fee | 0.00% |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | Yes |
MOOPX Costs Over Time
On $10,000 invested in MOOPX, assuming 5% a year before costs, total costs come to $1,178 over 5 years, cutting the return by 2.01% 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 1.55%) | $163 | $503 | $864 |
| Trading costs (broker commissions) | $39 | $120 | $205 |
| Lost growth on money paid in costs | $0 | $31 | $109 |
| Total costs | $201 | $654 | $1,178 |
| Value after costs | $10,299 | $10,923 | $11,585 |
| Impact on return, per year | 2.01% | 2.01% | 2.01% |
MOOPX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending December 31, 2024.
- Explicit cost rate (commissions ÷ average net assets): 0.3686%
- Total broker commissions: $60K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 49%
- Securities lending: none during the year
MOOPX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| JEFFERIES LLC | $60K | 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 Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date.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.