NUXAX Fees and Costs — Rational/NuWave Enhanced Market Opportunity Fund, Class A
Data updated: 2020-11-25
The net expense ratio is 2.27% (2.77% before fee waivers). This share class carries a maximum front-end sales load of 5.75%. In fiscal 2019 the fund paid $108K in broker commissions, 0.3835% of average net assets, and portfolio turnover was 1407%.
NUXAX Fees and Expenses
Annual operating expenses and sales charges of NUXAX. Prospectus, as of April 30, 2020.
| Annual operating expenses | |
|---|---|
| Management fee | 1.75% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.74% |
| Gross expense ratio | 2.77% |
| Fee waiver | −0.50% |
| Net expense ratio | 2.27% |
| Sales charges | |
|---|---|
| Max front load | 5.75% |
| 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 |
NUXAX Costs Over Time
On $10,000 invested in NUXAX, assuming 5% a year before costs, total costs come to $2,247 over 5 years, cutting the return by 3.99% 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 |
| Sales charges | $575 | $575 | $575 |
| Fund expenses (net expense ratio 2.27%) | $225 | $689 | $1,174 |
| Trading costs (broker commissions) | $38 | $116 | $198 |
| Lost growth on money paid in costs | $29 | $131 | $300 |
| Total costs | $866 | $1,511 | $2,247 |
| Value after costs | $9,634 | $10,065 | $10,515 |
| Impact on return, per year | 8.66% | 4.78% | 3.99% |
NUXAX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending December 31, 2019.
- Explicit cost rate (commissions ÷ average net assets): 0.3835%
- Total broker commissions: $108K
- Bought from dealers (principal trades, not a cost): $3.4B
- Portfolio turnover (prospectus): 1407%
- Securities lending: none during the year
NUXAX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| ADM INVESTOR SERVICES | $97K | 90.21% |
| BANK OF AMERICA MERRILL LYNCH | $11K | 9.79% |
NUXAX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| ADM INVESTOR SERVICES | $3.4B | 99.99% |
| BANK OF AMERICA MERRILL LYNCH | $488K | 0.01% |
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.