SCJKX Fees and Costs — Steward Covered Call Income Fund, Class R6
Data updated: 2026-09-28
The net expense ratio is 1.00%: a 0.63% management fee plus 0.43% other expenses, less a 0.06% fee waiver. There are no sales loads or redemption fees. In fiscal 2026 the fund paid $229K in broker commissions, 0.2148% of average net assets, and portfolio turnover was 86%.
SCJKX Fees and Expenses
Annual operating expenses and sales charges of SCJKX. Prospectus, as of August 28, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.63% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.43% |
| Gross expense ratio | 1.06% |
| Fee waiver | −0.06% |
| Net expense ratio | 1.00% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| Max deferred load | 0.00% |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | Yes |
SCJKX Costs Over Time
On $10,000 invested in SCJKX, assuming 5% a year before costs, total costs come to $757 over 5 years, cutting the return by 1.28% 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 1.00%) | $105 | $327 | $566 |
| Trading costs (broker commissions) | $23 | $70 | $121 |
| Lost growth on money paid in costs | $0 | $20 | $70 |
| Total costs | $128 | $417 | $757 |
| Value after costs | $10,372 | $11,159 | $12,006 |
| Impact on return, per year | 1.28% | 1.28% | 1.28% |
SCJKX 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
SCJKX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| COWEN INC. | $207K | 90.57% |
| VIRTU ITG LLC | $22K | 9.43% |
SCJKX 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.