NVXIX Fees and Costs — Navigator Sentry Managed Volatility Fund, Class I
Data updated: 2021-06-21
The net expense ratio is 1.50% (3.40% before fee waivers). There are no sales loads or redemption fees. In fiscal 2020 the fund paid $473K in broker commissions, 5.8752% of average net assets, and portfolio turnover was 0%.
NVXIX Fees and Expenses
Annual operating expenses and sales charges of NVXIX. Prospectus, as of February 28, 2021.
| Annual operating expenses | |
|---|---|
| Management fee | 0.85% |
| 12b-1 fee | 0.00% |
| Other expenses | 2.30% |
| Gross expense ratio | 3.40% |
| Fee waiver | −1.90% |
| Net expense ratio | 1.50% |
| 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 |
NVXIX Costs Over Time
On $10,000 invested in NVXIX, assuming 5% a year before costs, total costs come to $4,062 over 5 years, cutting the return by 7.74% 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 1.50%) | $158 | $460 | $745 |
| Trading costs (broker commissions) | $617 | $1,800 | $2,920 |
| Lost growth on money paid in costs | $0 | $117 | $396 |
| Total costs | $774 | $2,377 | $4,062 |
| Value after costs | $9,726 | $9,199 | $8,701 |
| Impact on return, per year | 7.74% | 7.74% | 7.74% |
NVXIX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending October 31, 2020.
- Explicit cost rate (commissions ÷ average net assets): 5.8752%
- Total broker commissions: $473K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 0%
- Securities lending: none during the year
NVXIX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| PERSHING LLC | $473K | 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 Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date.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.