BEIYX Fees and Costs — Center Coast Brookfield Energy Infrastructure Fund, Class Y
Data updated: 2020-08-31
The net expense ratio is 1.25%: a 1.00% management fee plus 2.20% other expenses, less a 1.95% fee waiver. There are no sales loads or redemption fees. In fiscal 2019 the fund paid $11K in broker commissions, 0.2373% of average net assets, and portfolio turnover was 96%.
BEIYX Fees and Expenses
Annual operating expenses and sales charges of BEIYX. Prospectus, as of December 31, 2019.
| Annual operating expenses | |
|---|---|
| Management fee | 1.00% |
| 12b-1 fee | 0.00% |
| Other expenses | 2.20% |
| Gross expense ratio | 3.20% |
| Fee waiver | −1.95% |
| Net expense ratio | 1.25% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| 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 |
BEIYX Costs Over Time
On $10,000 invested in BEIYX, assuming 5% a year before costs, total costs come to $921 over 5 years, cutting the return by 1.56% 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 1.25%) | $131 | $407 | $703 |
| Trading costs (broker commissions) | $25 | $77 | $133 |
| Lost growth on money paid in costs | $0 | $24 | $85 |
| Total costs | $156 | $509 | $921 |
| Value after costs | $10,344 | $11,067 | $11,842 |
| Impact on return, per year | 1.56% | 1.56% | 1.56% |
BEIYX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending September 30, 2019.
- Explicit cost rate (commissions ÷ average net assets): 0.2373%
- Total broker commissions: $11K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 96%
- Securities lending: none during the year
BEIYX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Bloomberg Tradebook LLC | $4K | 38.01% |
| Wells Fargo Prime Services | $2K | 21.21% |
| Citigroup Global Markets | $1K | 11.72% |
| Pickering Energy Partners Inc. | $687 | 6.55% |
| R.B.C. Dominion Securities Inc. | $599 | 5.71% |
| Instinet Clearing Service, Inc. | $444 | 4.23% |
| Merrill Lynch Inc. | $427 | 4.07% |
| Liquidnet, Inc. | $414 | 3.95% |
| Barclays Capital Inc. | $300 | 2.86% |
| USCA Securities LLC | $178 | 1.70% |
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.