OIOIX Fees and Costs — Orinda Income Opportunities Fund, Class I
Data updated: 2022-04-27
The net expense ratio is 1.42% (1.45% before fee waivers). There are no sales loads or redemption fees. In fiscal 2021 the fund paid $352K in broker commissions, 0.1914% of average net assets, and portfolio turnover was 149%.
OIOIX Fees and Expenses
Annual operating expenses and sales charges of OIOIX. Prospectus, as of December 31, 2021.
| Annual operating expenses | |
|---|---|
| Management fee | 1.00% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.31% |
| Gross expense ratio | 1.45% |
| Fee waiver | −0.03% |
| Net expense ratio | 1.42% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | Yes |
OIOIX Costs Over Time
On $10,000 invested in OIOIX, assuming 5% a year before costs, total costs come to $996 over 5 years, cutting the return by 1.69% 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 1.42%) | $149 | $462 | $796 |
| Trading costs (broker commissions) | $20 | $62 | $107 |
| Lost growth on money paid in costs | $0 | $26 | $92 |
| Total costs | $169 | $551 | $996 |
| Value after costs | $10,331 | $11,026 | $11,767 |
| Impact on return, per year | 1.69% | 1.69% | 1.69% |
OIOIX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending August 31, 2021.
- Explicit cost rate (commissions ÷ average net assets): 0.1914%
- Total broker commissions: $352K
- Bought from dealers (principal trades, not a cost): $313.0M
- Portfolio turnover (prospectus): 149%
- Securities lending: none during the year
OIOIX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| GOLDMAN SACHS & CO | $235K | 66.76% |
| Bloomberg L.P. | $71K | 20.12% |
| BNP Paribas Brokerage Services Inc. | $13K | 3.69% |
| STERNE AGEE & LEACH INC. | $10K | 2.90% |
| J.P. Morgan Chase | $9K | 2.51% |
| THE VERTICAL TRADING GROUP LLC | $5K | 1.39% |
| COMPASS POINT RESEARCH & TRADING | $3K | 0.86% |
| JMP SECURITIES | $2K | 0.68% |
| PERSHING LLC | $2K | 0.60% |
| JONES & ASSOCIATES INC. | $2K | 0.48% |
OIOIX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| RAYMOND JAMES & ASSOCIATES INC. | $10.7M | 23.26% |
| WACHOVIA BANK N.A. | $8.9M | 19.52% |
| JANNEY MONTGOMERY SCOTT LLC | $7.6M | 16.53% |
| CANTOR FITZGERALD & CO. | $5.8M | 12.69% |
| GOLDMAN SACHS & CO | $4.3M | 9.33% |
| PERSHING LLC | $2.6M | 5.78% |
| J.P. MORGAN CHASE | $2.2M | 4.90% |
| MERRILL LYNCH INC. | $1.6M | 3.43% |
| JEFFERIES & COMPANY INC. | $1.3M | 2.83% |
| CABRERA CAPITAL MARKETS | $789K | 1.72% |
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.