NUXIX Fees and Costs — Rational/NuWave Enhanced Market Opportunity Fund
Data updated: 2020-11-25
The net expense ratio is 2.02% (2.37% before fee waivers). There are no sales loads or redemption fees. In fiscal 2019 the fund paid $108K in broker commissions, 0.3835% of average net assets, and portfolio turnover was 1407%.
NUXIX Fees and Expenses
Annual operating expenses and sales charges of NUXIX. Prospectus, as of April 30, 2020.
| Annual operating expenses | |
|---|---|
| Management fee | 1.75% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.59% |
| Gross expense ratio | 2.37% |
| Fee waiver | −0.35% |
| Net expense ratio | 2.02% |
| 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 |
NUXIX Costs Over Time
On $10,000 invested in NUXIX, assuming 5% a year before costs, total costs come to $1,462 over 5 years, cutting the return by 2.52% 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 2.02%) | $212 | $652 | $1,114 |
| Trading costs (broker commissions) | $40 | $124 | $212 |
| Lost growth on money paid in costs | $0 | $39 | $136 |
| Total costs | $252 | $815 | $1,462 |
| Value after costs | $10,248 | $10,761 | $11,301 |
| Impact on return, per year | 2.52% | 2.52% | 2.52% |
NUXIX 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
NUXIX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| ADM INVESTOR SERVICES | $97K | 90.21% |
| BANK OF AMERICA MERRILL LYNCH | $11K | 9.79% |
NUXIX 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.