C000192754 Fees and Costs — Essex Environmental Opportunities Fund, Investor Class
Data updated: 2021-11-12
The net expense ratio is 1.26% (2.68% before fee waivers). There are no sales loads or redemption fees. In fiscal 2021 the fund paid $93K in broker commissions, 0.1975% of average net assets, and portfolio turnover was 37%.
C000192754 Fees and Expenses
Annual operating expenses and sales charges of C000192754. Prospectus, as of December 31, 2020.
| Annual operating expenses | |
|---|---|
| Management fee | 0.75% |
| 12b-1 fee | 0.25% |
| Other expenses | 1.66% |
| Gross expense ratio | 2.68% |
| Fee waiver | −1.42% |
| Net expense ratio | 1.26% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | Yes |
C000192754 Costs Over Time
On $10,000 invested in C000192754, assuming 5% a year before costs, total costs come to $903 over 5 years, cutting the return by 1.53% 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 1.26%) | $132 | $411 | $709 |
| Trading costs (broker commissions) | $21 | $64 | $111 |
| Lost growth on money paid in costs | $0 | $24 | $83 |
| Total costs | $153 | $499 | $903 |
| Value after costs | $10,347 | $11,077 | $11,859 |
| Impact on return, per year | 1.53% | 1.53% | 1.53% |
C000192754 Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending August 31, 2021.
- Explicit cost rate (commissions ÷ average net assets): 0.1975%
- Total broker commissions: $93K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 37%
- Securities lending: none during the year
C000192754 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| MORGAN STANLEY AND CO LLC | $32K | 39.28% |
| VIRTU AMERICAS LLC | $12K | 15.32% |
| PIPER SANDLER & CO | $11K | 13.86% |
| LIQUIDNET INC | $6K | 7.75% |
| GOLDMAN SACHS & CO | $5K | 6.54% |
| J.P. MORGAN SECURITIES LLC | $4K | 4.61% |
| SANFORD C BERNSTEIN & CO LLC | $3K | 3.78% |
| JEFFERIES LLC | $3K | 3.54% |
| CREDIT SUISSE SECURITIES (USA) LLC | $3K | 3.14% |
| MERRILL LYNCH | $2K | 2.19% |
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.