RLIGX Fees and Costs — Rareview Longevity Income Generation Fund, Retail Class
Data updated: 2020-09-09
The net expense ratio is 3.82% (4.78% before fee waivers). This share class carries a redemption fee of 2.00%. In fiscal 2019 the fund paid $160K in broker commissions, 0.8328% of average net assets, and portfolio turnover was 300%.
RLIGX Fees and Expenses
Annual operating expenses and sales charges of RLIGX. Prospectus, as of February 29, 2020.
| Annual operating expenses | |
|---|---|
| Management fee | 1.20% |
| 12b-1 fee | 0.25% |
| Other expenses | 1.54% |
| Gross expense ratio | 4.78% |
| Fee waiver | −0.96% |
| Net expense ratio | 3.82% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | 2.00% |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | Yes |
RLIGX Costs Over Time
On $10,000 invested in RLIGX, assuming 5% a year before costs, total costs come to $2,705 over 5 years, cutting the return by 4.89% 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 |
| Fund expenses (net expense ratio 3.82%) | $401 | $1,205 | $2,010 |
| Trading costs (broker commissions) | $87 | $263 | $438 |
| Lost growth on money paid in costs | $0 | $75 | $257 |
| Total costs | $489 | $1,542 | $2,705 |
| Value after costs | $10,011 | $10,034 | $10,057 |
| Impact on return, per year | 4.89% | 4.89% | 4.89% |
RLIGX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending October 31, 2019.
- Explicit cost rate (commissions ÷ average net assets): 0.8328%
- Total broker commissions: $160K
- Bought from dealers (principal trades, not a cost): $174K
- Portfolio turnover (prospectus): 300%
- Securities lending: none during the year
RLIGX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Interactive Brokers LLC | $61K | 38.03% |
| TD Securities (USA) LLC | $26K | 16.12% |
| Sanders Morris Harris LLC | $25K | 15.93% |
| Jonestrading Institutional Services LLC | $19K | 11.71% |
| Wallachbeth Capital LLC | $17K | 10.46% |
| UBS Financial Services Inc | $12K | 7.75% |
RLIGX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| TD Securities (USA) LLC | $174K | 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.