NFMIX Fees and Costs — Newfound Multi-Asset Income Fund, Class I
Data updated: 2020-08-28
The net expense ratio is 1.80% (1.84% before fee waivers). This share class carries a redemption fee of 1.00%. In fiscal 2020 the fund paid $27K in broker commissions, 0.1383% of average net assets, and portfolio turnover was 347%.
NFMIX Fees and Expenses
Annual operating expenses and sales charges of NFMIX. Prospectus, as of August 31, 2019.
| Annual operating expenses | |
|---|---|
| Management fee | 0.69% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.70% |
| Gross expense ratio | 1.84% |
| Fee waiver | −0.04% |
| Net expense ratio | 1.80% |
| 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 |
NFMIX Costs Over Time
On $10,000 invested in NFMIX, assuming 5% a year before costs, total costs come to $1,190 over 5 years, cutting the return by 2.04% 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 1.80%) | $189 | $584 | $1,003 |
| Trading costs (broker commissions) | $15 | $45 | $77 |
| Lost growth on money paid in costs | $0 | $31 | $110 |
| Total costs | $204 | $660 | $1,190 |
| Value after costs | $10,296 | $10,916 | $11,573 |
| Impact on return, per year | 2.04% | 2.04% | 2.04% |
NFMIX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending March 31, 2020.
- Explicit cost rate (commissions ÷ average net assets): 0.1383%
- Total broker commissions: $27K
- Bought from dealers (principal trades, not a cost): $100.6M
- Portfolio turnover (prospectus): 347%
- Securities on loan, average value: $3.8M
- Net income from securities lending: $20K (0.102% of average net assets)
NFMIX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Wolverine Trading LLC | $27K | 100.00% |
NFMIX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Wolverine Trading LLC | $100.6M | 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 Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date.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.