C000104244 Fees and Costs — Highland Energy MLP Fund, Class Y
Data updated: 2019-12-16
The net expense ratio is 7.26%: a 1.00% management fee plus 7.74% other expenses, less a 1.48% fee waiver. There are no sales loads or redemption fees. In fiscal 2019 the fund paid $6K in broker commissions, 0.0256% of average net assets, and portfolio turnover was 15%.
C000104244 Fees and Expenses
Annual operating expenses and sales charges of C000104244. Prospectus, as of January 31, 2019.
| Annual operating expenses | |
|---|---|
| Management fee | 1.00% |
| 12b-1 fee | 0.00% |
| Other expenses | 7.74% |
| Gross expense ratio | 8.74% |
| Fee waiver | −1.48% |
| Net expense ratio | 7.26% |
| 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 |
C000104244 Costs Over Time
On $10,000 invested in C000104244, assuming 5% a year before costs, total costs come to $4,019 over 5 years, cutting the return by 7.65% 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 7.26%) | $762 | $2,227 | $3,615 |
| Trading costs (broker commissions) | $3 | $8 | $13 |
| Lost growth on money paid in costs | $0 | $116 | $392 |
| Total costs | $765 | $2,350 | $4,019 |
| Value after costs | $9,735 | $9,226 | $8,743 |
| Impact on return, per year | 7.65% | 7.65% | 7.65% |
C000104244 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): 0.0256%
- Total broker commissions: $6K
- Bought from dealers (principal trades, not a cost): $1000K
- Portfolio turnover (prospectus): 15%
- Securities lending: none during the year
C000104244 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Friedman Billing & Ramsey | $3K | 46.03% |
| MKM PARTNERS | $1K | 20.14% |
| HEIGHT SECURITIES | $887 | 14.29% |
| SUNTRUST CAPITAL MARKETS INC. | $800 | 12.89% |
| JONES & ASSOCIATES | $413 | 6.65% |
C000104244 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| IMPERIAL CAPITAL | $1000K | 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.