TINIX Fees and Costs — AXS Tactical Income Fund, Class I
Data updated: 2026-08-21
The net expense ratio is 1.91%. This share class carries 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%.
TINIX Fees and Expenses
Annual operating expenses and sales charges of TINIX. Prospectus, as of September 30, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 1.00% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.65% |
| Gross expense ratio | 1.91% |
| Fee waiver | — |
| Net expense ratio | 1.91% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| Max deferred load | — |
| 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 |
TINIX Costs Over Time
On $10,000 invested in TINIX, assuming 5% a year before costs, total costs come to $1,322 over 5 years, cutting the return by 2.27% 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 1.91%) | $201 | $618 | $1,059 |
| Trading costs (broker commissions) | $27 | $82 | $141 |
| Lost growth on money paid in costs | $0 | $35 | $123 |
| Total costs | $227 | $735 | $1,322 |
| Value after costs | $10,273 | $10,841 | $11,440 |
| Impact on return, per year | 2.27% | 2.27% | 2.27% |
TINIX 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
TINIX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| BTIG, LLC | $84K | 100.00% |
TINIX 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.