TRIIX Fees and Costs — Catalyst/SMH Total Return Fund, Class I
Data updated: 2026-09-11
The net expense ratio is 1.95% (2.76% before fee waivers). There are no sales loads or redemption fees. In fiscal 2026 the fund paid $33K in broker commissions, 0.1621% of average net assets, and portfolio turnover was 62%.
TRIIX Fees and Expenses
Annual operating expenses and sales charges of TRIIX. Prospectus, as of November 1, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 1.00% |
| 12b-1 fee | 0.00% |
| Other expenses | 1.14% |
| Gross expense ratio | 2.76% |
| Fee waiver | −0.81% |
| Net expense ratio | 1.95% |
| 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 |
TRIIX Costs Over Time
On $10,000 invested in TRIIX, assuming 5% a year before costs, total costs come to $1,292 over 5 years, cutting the return by 2.22% 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 1.95%) | $205 | $631 | $1,082 |
| Trading costs (broker commissions) | $17 | $52 | $90 |
| Lost growth on money paid in costs | $0 | $34 | $120 |
| Total costs | $222 | $718 | $1,292 |
| Value after costs | $10,278 | $10,858 | $11,471 |
| Impact on return, per year | 2.22% | 2.22% | 2.22% |
TRIIX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending June 30, 2026.
- Explicit cost rate (commissions ÷ average net assets): 0.1621%
- Total broker commissions: $33K
- Bought from dealers (principal trades, not a cost): $17.7M
- Portfolio turnover (prospectus): 62%
- Securities on loan, average value: $4.7M
- Net income from securities lending: $48K (0.239% of average net assets)
TRIIX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| JONES TRADING | $33K | 99.72% |
| US BANCORP | $93 | 0.28% |
TRIIX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| GOLDMAN SACHS | $17.7M | 100.00% |
Catalyst/SMH Total Return Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| TRIIX | Class I | 1.95% | none |
| TRIFX | Class A | 2.20% | 5.75% |
| TRICX | Class C | 2.95% | none |
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.