RQSRX Fees and Costs — Rqsi Gaa Systematic Global Macro Fund, Retail Shares
Data updated: 2023-03-31
The net expense ratio is 2.23%: a 1.20% management fee, a 0.25% 12b-1 fee plus 1.02% other expenses, less a 0.24% fee waiver. There are no sales loads or redemption fees. In fiscal 2022 the fund paid $737K in broker commissions, 1.5680% of average net assets, and portfolio turnover was 0%.
RQSRX Fees and Expenses
Annual operating expenses and sales charges of RQSRX. Prospectus, as of February 28, 2023.
| Annual operating expenses | |
|---|---|
| Management fee | 1.20% |
| 12b-1 fee | 0.25% |
| Other expenses | 1.02% |
| Gross expense ratio | 2.47% |
| Fee waiver | −0.24% |
| Net expense ratio | 2.23% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | Yes |
RQSRX Costs Over Time
On $10,000 invested in RQSRX, assuming 5% a year before costs, total costs come to $2,246 over 5 years, cutting the return by 3.99% 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 2.23%) | $234 | $710 | $1,195 |
| Trading costs (broker commissions) | $165 | $499 | $840 |
| Lost growth on money paid in costs | $0 | $61 | $212 |
| Total costs | $399 | $1,270 | $2,246 |
| Value after costs | $10,101 | $10,307 | $10,516 |
| Impact on return, per year | 3.99% | 3.99% | 3.99% |
RQSRX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending October 31, 2022.
- Explicit cost rate (commissions ÷ average net assets): 1.5680%
- Total broker commissions: $737K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 0%
- Securities lending: none during the year
RQSRX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| SG AMERICAS SECURITIES, LLC | $737K | 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 Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date.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.