AQUAX Fees and Costs — Ecofin Sustainable Water Fund, A Class
Data updated: 2023-04-24
The net expense ratio is 1.20%: a 0.80% management fee, a 0.25% 12b-1 fee plus 12.25% other expenses, less a 12.10% fee waiver. This share class carries a maximum front-end sales load of 5.50%. In fiscal 2022 the fund paid $659 in broker commissions, 0.0327% of average net assets, and portfolio turnover was 29%.
AQUAX Fees and Expenses
Annual operating expenses and sales charges of AQUAX. Prospectus, as of March 31, 2023.
| Annual operating expenses | |
|---|---|
| Management fee | 0.80% |
| 12b-1 fee | 0.25% |
| Other expenses | 12.25% |
| Gross expense ratio | 13.30% |
| Fee waiver | −12.10% |
| Net expense ratio | 1.20% |
| Sales charges | |
|---|---|
| Max front load | 5.50% |
| Max deferred load | 0.00% |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | Yes |
AQUAX Costs Over Time
On $10,000 invested in AQUAX, assuming 5% a year before costs, total costs come to $1,427 over 5 years, cutting the return by 2.46% 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 | $550 | $550 | $550 |
| Fund expenses (net expense ratio 1.20%) | $119 | $371 | $641 |
| Trading costs (broker commissions) | $3 | $10 | $17 |
| Lost growth on money paid in costs | $27 | $106 | $219 |
| Total costs | $700 | $1,036 | $1,427 |
| Value after costs | $9,800 | $10,540 | $11,336 |
| Impact on return, per year | 7.00% | 3.23% | 2.46% |
AQUAX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending November 30, 2022.
- Explicit cost rate (commissions ÷ average net assets): 0.0327%
- Total broker commissions: $659
- Bought from dealers (principal trades, not a cost): $77K
- Portfolio turnover (prospectus): 29%
- Securities lending: none during the year
AQUAX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| CITIGROUP GLOBAL MARKETS | $321 | 48.78% |
| GOLDMAN SACHS & CO. LLC | $228 | 34.65% |
| RBC CAPITAL MARKETS, LLC | $41 | 6.23% |
| PIPER JAFFRAY & CO. | $34 | 5.17% |
| INSTINET, LLC | $19 | 2.89% |
| COWEN EXECUTION SERVICES LLC | $7 | 1.06% |
| WELLS FARGO SECURITIES, LLC | $5 | 0.76% |
| MORGAN STANLEY & CO. LLC | $3 | 0.46% |
AQUAX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| CITIGROUP GLOBAL MARKETS | $77K | 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.