OIPCX Fees and Costs — Catalyst IPOx Allocation Fund, Class C
Data updated: 2020-05-28
The net expense ratio is 2.24%: a 0.99% management fee, a 1.00% 12b-1 fee plus 3.34% other expenses, less a 3.09% fee waiver. There are no sales loads or redemption fees. In fiscal 2019 the fund paid $3K in broker commissions, 0.1017% of average net assets, and portfolio turnover was 137%.
OIPCX Fees and Expenses
Annual operating expenses and sales charges of OIPCX. Prospectus, as of October 31, 2019.
| Annual operating expenses | |
|---|---|
| Management fee | 0.99% |
| 12b-1 fee | 1.00% |
| Other expenses | 3.34% |
| Gross expense ratio | 5.33% |
| Fee waiver | −3.09% |
| Net expense ratio | 2.24% |
| 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 |
OIPCX Costs Over Time
On $10,000 invested in OIPCX, assuming 5% a year before costs, total costs come to $1,426 over 5 years, cutting the return by 2.46% 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 2.24%) | $235 | $724 | $1,237 |
| Trading costs (broker commissions) | $11 | $33 | $56 |
| Lost growth on money paid in costs | $0 | $38 | $132 |
| Total costs | $246 | $794 | $1,426 |
| Value after costs | $10,254 | $10,782 | $11,337 |
| Impact on return, per year | 2.46% | 2.46% | 2.46% |
OIPCX 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
OIPCX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Goldman Sachs | $110K | 97.74% |
| Jones Trading | $3K | 2.26% |
OIPCX 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.