C000099509 Fees and Costs — Tortoise Energy Infrastructure Total Return Fund, Institutional Class
Data updated: 2025-04-14
The net expense ratio is 0.92%: a 0.85% management fee plus 0.07% other expenses. There are no sales loads or redemption fees. In fiscal 2024 the fund paid $312K in broker commissions, 0.0124% of average net assets, and portfolio turnover was 22%.
C000099509 Fees and Expenses
Annual operating expenses and sales charges of C000099509. Prospectus, as of March 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.85% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.07% |
| Gross expense ratio | 0.92% |
| Fee waiver | — |
| Net expense ratio | 0.92% |
| 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 | No |
| Waived fees subject to recoupment | Yes |
C000099509 Costs Over Time
On $10,000 invested in C000099509, assuming 5% a year before costs, total costs come to $584 over 5 years, cutting the return by 0.98% 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 0.92%) | $97 | $302 | $523 |
| Trading costs (broker commissions) | $1 | $4 | $7 |
| Lost growth on money paid in costs | $0 | $15 | $54 |
| Total costs | $98 | $321 | $584 |
| Value after costs | $10,402 | $11,255 | $12,179 |
| Impact on return, per year | 0.98% | 0.98% | 0.98% |
C000099509 Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending November 30, 2024.
- Explicit cost rate (commissions ÷ average net assets): 0.0124%
- Total broker commissions: $312K
- Bought from dealers (principal trades, not a cost): $9.0M
- Portfolio turnover (prospectus): 22%
- Securities lending: none during the year
C000099509 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| RBC CAPITAL MARKETS, LLC | $45K | 18.16% |
| BARCLAY INVESTMENTS, LLC | $35K | 14.29% |
| Piper Sandler & Co | $28K | 11.50% |
| J.P. MORGAN SECURITIES LLC | $25K | 10.34% |
| MERRILL LYNCH INC. | $21K | 8.51% |
| WELLS FARGO SECURITIES, LLC | $21K | 8.48% |
| JONESTRADING INSTITUTIONAL SERVICES, LLC | $20K | 8.23% |
| GOLDMAN SACHS & CO. LLC | $18K | 7.54% |
| MORGAN STANLEY & CO. LLC | $16K | 6.66% |
| CITIBANK GROUP MARKETS | $15K | 6.28% |
C000099509 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| CITIBANK GROUP MARKETS | $8.6M | 95.32% |
| MORGAN STANLEY & CO. LLC | $422K | 4.68% |
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.