BRUIX Fees and Costs — Brookfield U.S. Listed Real Estate Fund, Class I
Data updated: 2020-08-24
The net expense ratio is 0.95%: a 0.75% management fee plus 1.54% other expenses, less a 1.34% fee waiver. There are no sales loads or redemption fees. In fiscal 2019 the fund paid $19K in broker commissions, 0.1470% of average net assets, and portfolio turnover was 127%.
BRUIX Fees and Expenses
Annual operating expenses and sales charges of BRUIX. Prospectus, as of December 31, 2019.
| Annual operating expenses | |
|---|---|
| Management fee | 0.75% |
| 12b-1 fee | 0.00% |
| Other expenses | 1.54% |
| Gross expense ratio | 2.29% |
| Fee waiver | −1.34% |
| Net expense ratio | 0.95% |
| 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 |
BRUIX Costs Over Time
On $10,000 invested in BRUIX, assuming 5% a year before costs, total costs come to $685 over 5 years, cutting the return by 1.15% 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 0.95%) | $100 | $311 | $539 |
| Trading costs (broker commissions) | $15 | $48 | $83 |
| Lost growth on money paid in costs | $0 | $18 | $63 |
| Total costs | $115 | $377 | $685 |
| Value after costs | $10,385 | $11,199 | $12,078 |
| Impact on return, per year | 1.15% | 1.15% | 1.15% |
BRUIX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending December 31, 2019.
- Explicit cost rate (commissions ÷ average net assets): 0.1470%
- Total broker commissions: $19K
- Bought from dealers (principal trades, not a cost): $1.0M
- Portfolio turnover (prospectus): 127%
- Securities lending: none during the year
BRUIX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| INSTINET, LLC | $3K | 21.45% |
| RAYMOND JAMES & ASSOCIATES, INC. | $2K | 12.16% |
| BOFAML SECURITIES, INC. | $2K | 12.08% |
| CITIGROUP GLOBAL MARKETS INC. | $1K | 9.80% |
| CORNERSTONE MACRO LLC | $1K | 9.33% |
| BARCLAYS CAPITAL INC. | $1K | 9.04% |
| MORGAN STANLEY | $1K | 7.24% |
| WEEDEN & CO.L.P. | $938 | 6.70% |
| GREEN STREET TRADING, LLC | $858 | 6.13% |
| MKM PARTNERS LLC | $851 | 6.08% |
BRUIX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| BOFAML SECURITIES, INC. | $537K | 52.68% |
| J.P. MORGAN SECURITIES LLC | $258K | 25.31% |
| CITIGROUP GLOBAL MARKETS INC. | $122K | 11.93% |
| BARCLAYS CAPITAL INC. | $102K | 9.97% |
| CAPITAL ONE SECURITIES, INC. | $1K | 0.10% |
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.