RQIIX Fees and Costs — RESQ Strategic Income Fund, Class I
Data updated: 2026-08-28
The net expense ratio is 1.97% (2.36% before fee waivers). This share class carries a redemption fee of 2.00%. In fiscal 2025 the fund paid $15K in broker commissions, 0.0517% of average net assets, and portfolio turnover was 126%.
RQIIX Fees and Expenses
Annual operating expenses and sales charges of RQIIX. Prospectus, as of January 31, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 1.20% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.99% |
| Gross expense ratio | 2.36% |
| Fee waiver | −0.39% |
| Net expense ratio | 1.97% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| Max deferred load | 0.00% |
| 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 |
RQIIX Costs Over Time
On $10,000 invested in RQIIX, assuming 5% a year before costs, total costs come to $1,239 over 5 years, cutting the return by 2.12% 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 1.97%) | $207 | $639 | $1,096 |
| Trading costs (broker commissions) | $5 | $17 | $29 |
| Lost growth on money paid in costs | $0 | $33 | $115 |
| Total costs | $212 | $688 | $1,239 |
| Value after costs | $10,288 | $10,888 | $11,524 |
| Impact on return, per year | 2.12% | 2.12% | 2.12% |
RQIIX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending September 30, 2025.
- Explicit cost rate (commissions ÷ average net assets): 0.0517%
- Total broker commissions: $15K
- Bought from dealers (principal trades, not a cost): $4.5M
- Portfolio turnover (prospectus): 126%
- Securities lending: none during the year
RQIIX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| WALLACHBETH CAPITAL LLC | $15K | 100.00% |
RQIIX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| WALLACHBETH CAPITAL LLC | $4.5M | 100.00% |
RESQ Strategic Income Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| RQIIX | Class I | 1.97% | none |
| RQIAX | Class A | 2.37% | 4.75% |
| RQICX | Class C | 3.06% | none |
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.