TERIX Fees and Costs — AXS All Terrain Opportunity Fund, Class I
Data updated: 2023-05-23
The net expense ratio is 1.77% (2.44% before fee waivers). This share class carries a redemption fee of 1.00%. In fiscal 2022 the fund paid $20K in broker commissions, 0.1111% of average net assets, and portfolio turnover was 1359%.
TERIX Fees and Expenses
Annual operating expenses and sales charges of TERIX. Prospectus, as of September 30, 2022.
| Annual operating expenses | |
|---|---|
| Management fee | 1.40% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.87% |
| Gross expense ratio | 2.44% |
| Fee waiver | −0.67% |
| Net expense ratio | 1.77% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| Max deferred load | 0.00% |
| Redemption fee | 1.00% |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | Yes |
TERIX Costs Over Time
On $10,000 invested in TERIX, assuming 5% a year before costs, total costs come to $1,156 over 5 years, cutting the return by 1.98% 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 1.77%) | $186 | $575 | $987 |
| Trading costs (broker commissions) | $12 | $36 | $62 |
| Lost growth on money paid in costs | $0 | $30 | $107 |
| Total costs | $198 | $641 | $1,156 |
| Value after costs | $10,302 | $10,935 | $11,607 |
| Impact on return, per year | 1.98% | 1.98% | 1.98% |
TERIX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending September 30, 2022.
- Explicit cost rate (commissions ÷ average net assets): 0.1111%
- Total broker commissions: $20K
- Bought from dealers (principal trades, not a cost): $337K
- Portfolio turnover (prospectus): 1359%
- Securities lending: none during the year
TERIX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| DASH FINANCIAL TECHNOLOGIES LLC | $10K | 47.89% |
| BTIG, LLC | $7K | 34.53% |
| VIRTU AMERICAS LLC | $2K | 8.59% |
| WALLACHBETH CAPITAL LLC | $1K | 6.37% |
| JONESTRADING INSTITUTIONAL SERVICES LLC | $533 | 2.62% |
TERIX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| DASH FINANCIAL TECHNOLOGIES LLC | $337K | 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.