NAVIX Fees and Costs — Navigator Equity Hedged Fund, Class I
Data updated: 2024-06-07
The net expense ratio is 1.40% (2.05% before fee waivers). There are no sales loads or redemption fees. In fiscal 2023 the fund paid $257K in broker commissions, 0.8985% of average net assets, and portfolio turnover was 517%.
NAVIX Fees and Expenses
Annual operating expenses and sales charges of NAVIX. Prospectus, as of February 29, 2024.
| Annual operating expenses | |
|---|---|
| Management fee | 0.75% |
| 12b-1 fee | 0.00% |
| Other expenses | 1.00% |
| Gross expense ratio | 2.05% |
| Fee waiver | −0.65% |
| Net expense ratio | 1.40% |
| 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 |
NAVIX Costs Over Time
On $10,000 invested in NAVIX, assuming 5% a year before costs, total costs come to $1,401 over 5 years, cutting the return by 2.41% 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 1.40%) | $147 | $453 | $774 |
| Trading costs (broker commissions) | $94 | $290 | $497 |
| Lost growth on money paid in costs | $0 | $37 | $130 |
| Total costs | $241 | $780 | $1,401 |
| Value after costs | $10,259 | $10,796 | $11,362 |
| Impact on return, per year | 2.41% | 2.41% | 2.41% |
NAVIX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending October 31, 2023.
- Explicit cost rate (commissions ÷ average net assets): 0.8985%
- Total broker commissions: $257K
- Bought from dealers (principal trades, not a cost): $256
- Portfolio turnover (prospectus): 517%
- Securities on loan, average value: $5.8M
- Net income from securities lending: $49K (0.171% of average net assets)
NAVIX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| PERSHING LLC | $257K | 100.00% |
NAVIX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| PERSHING LLC | $256 | 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 Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date.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.