NFDIX Fees and Costs — Newfound Risk Managed U.S. Growth Fund, Class I
Data updated: 2023-11-29
The net expense ratio is 1.37% (1.51% before fee waivers). This share class carries a redemption fee of 1.00%. In fiscal 2023 the fund paid $24K in broker commissions, 0.0450% of average net assets, and portfolio turnover was 136%.
NFDIX Fees and Expenses
Annual operating expenses and sales charges of NFDIX. Prospectus, as of July 31, 2023.
| Annual operating expenses | |
|---|---|
| Management fee | 0.79% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.62% |
| Gross expense ratio | 1.51% |
| Fee waiver | −0.14% |
| Net expense ratio | 1.37% |
| 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 | Yes |
| Waived fees subject to recoupment | Yes |
NFDIX Costs Over Time
On $10,000 invested in NFDIX, assuming 5% a year before costs, total costs come to $878 over 5 years, cutting the return by 1.49% 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 1.37%) | $144 | $447 | $772 |
| Trading costs (broker commissions) | $5 | $15 | $25 |
| Lost growth on money paid in costs | $0 | $23 | $81 |
| Total costs | $149 | $484 | $878 |
| Value after costs | $10,351 | $11,092 | $11,885 |
| Impact on return, per year | 1.49% | 1.49% | 1.49% |
NFDIX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending March 31, 2023.
- Explicit cost rate (commissions ÷ average net assets): 0.0450%
- Total broker commissions: $24K
- Bought from dealers (principal trades, not a cost): $216.9M
- Portfolio turnover (prospectus): 136%
- Securities lending: none during the year
NFDIX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Wolverine Trading LLC | $16K | 67.61% |
| Goldman Sachs | $5K | 21.20% |
| Wexford Clearing Services LLC | $2K | 8.11% |
| WALLACHBETH | $728 | 3.08% |
NFDIX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Wolverine Trading LLC | $216.9M | 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.