TINAX Fees and Costs — AXS Tactical Income Fund, Class A
Data updated: 2026-08-21
The net expense ratio is 2.27%. This share class carries a maximum front-end sales load of 5.75% and a redemption fee of 1.00%. In fiscal 2024 the fund paid $84K in broker commissions, 0.2538% of average net assets, and portfolio turnover was 216%.
TINAX Fees and Expenses
Annual operating expenses and sales charges of TINAX. Prospectus, as of January 31, 2024.
| Annual operating expenses | |
|---|---|
| Management fee | 1.00% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.68% |
| Gross expense ratio | 2.27% |
| Fee waiver | — |
| Net expense ratio | 2.27% |
| Sales charges | |
|---|---|
| Max front load | 5.75% |
| Max deferred load | 0.00% |
| Redemption fee | 1.00% |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | No |
| Waived fees subject to recoupment | No |
TINAX Costs Over Time
On $10,000 invested in TINAX, assuming 5% a year before costs, total costs come to $2,177 over 5 years, cutting the return by 3.86% 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 | $575 | $575 | $575 |
| Fund expenses (net expense ratio 2.27%) | $225 | $690 | $1,177 |
| Trading costs (broker commissions) | $25 | $77 | $132 |
| Lost growth on money paid in costs | $29 | $129 | $293 |
| Total costs | $854 | $1,471 | $2,177 |
| Value after costs | $9,646 | $10,105 | $10,586 |
| Impact on return, per year | 8.54% | 4.65% | 3.86% |
TINAX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending September 30, 2024.
- Explicit cost rate (commissions ÷ average net assets): 0.2538%
- Total broker commissions: $84K
- Bought from dealers (principal trades, not a cost): $7K
- Portfolio turnover (prospectus): 216%
- Securities lending: none during the year
TINAX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| BTIG, LLC | $84K | 100.00% |
TINAX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| BTIG, LLC | $7K | 100.00% |
AXS Tactical 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 |
|---|---|---|---|
| TINIX | Class I | 1.91% | none |
| TINAX | Class A | 2.27% | 5.75% |
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.