OIPAX Fees and Costs — Catalyst IPOx Allocation Fund, Class A
Data updated: 2020-05-28
The net expense ratio is 1.49%: a 0.99% management fee, a 0.25% 12b-1 fee plus 3.34% other expenses, less a 3.09% fee waiver. This share class carries a maximum front-end sales load of 5.75% and a deferred sales charge of up to 1.00%. In fiscal 2019 the fund paid $3K in broker commissions, 0.1017% of average net assets, and portfolio turnover was 137%.
OIPAX Fees and Expenses
Annual operating expenses and sales charges of OIPAX. Prospectus, as of October 31, 2019.
| Annual operating expenses | |
|---|---|
| Management fee | 0.99% |
| 12b-1 fee | 0.25% |
| Other expenses | 3.34% |
| Gross expense ratio | 4.58% |
| Fee waiver | −3.09% |
| Net expense ratio | 1.49% |
| Sales charges | |
|---|---|
| Max front load | 5.75% |
| Max deferred load | 1.00% |
| 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 |
OIPAX Costs Over Time
On $10,000 invested in OIPAX, assuming 5% a year before costs, total costs come to $1,661 over 5 years, cutting the return by 2.89% 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 | $672 | $575 | $575 |
| Fund expenses (net expense ratio 1.49%) | $147 | $457 | $788 |
| Trading costs (broker commissions) | $10 | $31 | $54 |
| Lost growth on money paid in costs | $29 | $115 | $244 |
| Total costs | $859 | $1,178 | $1,661 |
| Value after costs | $9,641 | $10,398 | $11,102 |
| Impact on return, per year | 8.59% | 3.69% | 2.89% |
OIPAX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending June 30, 2019.
- Explicit cost rate (commissions ÷ average net assets): 0.1017%
- Total broker commissions: $3K
- Bought from dealers (principal trades, not a cost): $7.6M
- Portfolio turnover (prospectus): 137%
- Securities lending: none during the year
OIPAX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Goldman Sachs | $110K | 97.74% |
| Jones Trading | $3K | 2.26% |
OIPAX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Jones Trading | $7.1M | 94.77% |
| Cowen Group | $233K | 3.10% |
| Goldman Sachs | $110K | 1.47% |
| Convergex | $50K | 0.67% |
| US Bancorp | $60 | 0.00% |
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.