TEZIX Fees and Costs — Catalyst/Teza Algorithmic Allocation Fund, Class I
Data updated: 2022-05-31
The net expense ratio is 2.05% (3.75% 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%.
TEZIX Fees and Expenses
Annual operating expenses and sales charges of TEZIX. Prospectus, as of October 31, 2021.
| Annual operating expenses | |
|---|---|
| Management fee | 1.90% |
| 12b-1 fee | 0.00% |
| Other expenses | 1.79% |
| Gross expense ratio | 3.75% |
| Fee waiver | −1.70% |
| Net expense ratio | 2.05% |
| 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 |
TEZIX Costs Over Time
On $10,000 invested in TEZIX, assuming 5% a year before costs, total costs come to $1,436 over 5 years, cutting the return by 2.48% 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 2.05%) | $215 | $662 | $1,132 |
| Trading costs (broker commissions) | $32 | $100 | $170 |
| Lost growth on money paid in costs | $0 | $38 | $133 |
| Total costs | $248 | $800 | $1,436 |
| Value after costs | $10,252 | $10,776 | $11,327 |
| Impact on return, per year | 2.48% | 2.48% | 2.48% |
TEZIX 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
TEZIX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| FCSTONE | $22K | 100.00% |
TEZIX 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 Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date.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.