OIPIX Fees and Costs — Catalyst IPOx Allocation Fund, Class I
Data updated: 2020-05-28
The net expense ratio is 1.24%: a 0.99% management 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%.
OIPIX Fees and Expenses
Annual operating expenses and sales charges of OIPIX. Prospectus, as of October 31, 2019.
| Annual operating expenses | |
|---|---|
| Management fee | 0.99% |
| 12b-1 fee | 0.00% |
| Other expenses | 3.34% |
| Gross expense ratio | 4.33% |
| Fee waiver | −3.09% |
| Net expense ratio | 1.24% |
| 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 |
OIPIX Costs Over Time
On $10,000 invested in OIPIX, assuming 5% a year before costs, total costs come to $834 over 5 years, cutting the return by 1.41% 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 1.24%) | $130 | $405 | $699 |
| Trading costs (broker commissions) | $11 | $33 | $57 |
| Lost growth on money paid in costs | $0 | $22 | $77 |
| Total costs | $141 | $460 | $834 |
| Value after costs | $10,359 | $11,117 | $11,929 |
| Impact on return, per year | 1.41% | 1.41% | 1.41% |
OIPIX 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
OIPIX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Goldman Sachs | $110K | 97.74% |
| Jones Trading | $3K | 2.26% |
OIPIX 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.