TEZCX Fees and Costs — Catalyst/Teza Algorithmic Allocation Fund, Class C
Data updated: 2022-05-31
The net expense ratio is 3.05% (4.75% before fee waivers). There are no sales loads or redemption fees. In fiscal 2021 the fund paid $22K in broker commissions, 0.3086% of average net assets, and portfolio turnover was 0%.
TEZCX Fees and Expenses
Annual operating expenses and sales charges of TEZCX. Prospectus, as of October 31, 2021.
| Annual operating expenses | |
|---|---|
| Management fee | 1.90% |
| 12b-1 fee | 1.00% |
| Other expenses | 1.79% |
| Gross expense ratio | 4.75% |
| Fee waiver | −1.70% |
| Net expense ratio | 3.05% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| Max deferred load | 0.00% |
| Redemption fee | 0.00% |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | Yes |
TEZCX Costs Over Time
On $10,000 invested in TEZCX, assuming 5% a year before costs, total costs come to $2,004 over 5 years, cutting the return by 3.53% 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 3.05%) | $320 | $975 | $1,649 |
| Trading costs (broker commissions) | $32 | $99 | $167 |
| Lost growth on money paid in costs | $0 | $54 | $188 |
| Total costs | $353 | $1,128 | $2,004 |
| Value after costs | $10,147 | $10,449 | $10,759 |
| Impact on return, per year | 3.53% | 3.53% | 3.53% |
TEZCX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending June 30, 2021.
- Explicit cost rate (commissions ÷ average net assets): 0.3086%
- Total broker commissions: $22K
- Bought from dealers (principal trades, not a cost): $977.9M
- Portfolio turnover (prospectus): 0%
- Securities lending: none during the year
TEZCX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| FCSTONE | $22K | 100.00% |
TEZCX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| FCSTONE | $977.9M | 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 Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date.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.