SCJCX Fees and Costs — Steward Covered Call Income Fund, Class C
Data updated: 2026-09-28
The net expense ratio is 2.00%: a 0.63% management fee, a 1.00% 12b-1 fee plus 0.53% other expenses, less a 0.16% fee waiver. This share class carries a deferred sales charge of up to 1.00%. In fiscal 2026 the fund paid $229K in broker commissions, 0.2148% of average net assets, and portfolio turnover was 86%.
SCJCX Fees and Expenses
Annual operating expenses and sales charges of SCJCX. Prospectus, as of August 28, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.63% |
| 12b-1 fee | 1.00% |
| Other expenses | 0.53% |
| Gross expense ratio | 2.16% |
| Fee waiver | −0.16% |
| Net expense ratio | 2.00% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| Max deferred load | 1.00% |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | Yes |
SCJCX Costs Over Time
On $10,000 invested in SCJCX, assuming 5% a year before costs, total costs come to $1,352 over 5 years, cutting the return by 2.33% 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 |
| Sales charges | $103 | $0 | $0 |
| Fund expenses (net expense ratio 2.00%) | $210 | $647 | $1,108 |
| Trading costs (broker commissions) | $23 | $69 | $119 |
| Lost growth on money paid in costs | $0 | $36 | $125 |
| Total costs | $335 | $752 | $1,352 |
| Value after costs | $10,165 | $10,824 | $11,411 |
| Impact on return, per year | 3.35% | 2.33% | 2.33% |
SCJCX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending April 30, 2026.
- Explicit cost rate (commissions ÷ average net assets): 0.2148%
- Total broker commissions: $229K
- Bought from dealers (principal trades, not a cost): $236.5M
- Portfolio turnover (prospectus): 86%
- Securities lending: none during the year
SCJCX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| COWEN INC. | $207K | 90.57% |
| VIRTU ITG LLC | $22K | 9.43% |
SCJCX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| The Northern Trust Company | $236.5M | 100.00% |
Steward Covered Call 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 |
|---|---|---|---|
| SCJIX | Institutional Class | 1.00% | none |
| SCJKX | Class R6 | 1.00% | none |
| SCJAX | Class A | 1.25% | 5.75% |
| SCJCX | Class C | 2.00% | 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.