C000220841 Fees and Costs — Ecofin Global Renewables Infrastructure Fund, A Class
Data updated: 2024-10-22
The net expense ratio is 1.20%: a 0.75% management fee, a 0.25% 12b-1 fee plus 0.19% other expenses. This share class carries a maximum front-end sales load of 5.50%. In fiscal 2023 the fund paid $144K in broker commissions, 0.0479% of average net assets, and portfolio turnover was 61%.
C000220841 Fees and Expenses
Annual operating expenses and sales charges of C000220841. Prospectus, as of March 31, 2024.
| Annual operating expenses | |
|---|---|
| Management fee | 0.75% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.19% |
| Gross expense ratio | 1.20% |
| Fee waiver | — |
| Net expense ratio | 1.20% |
| Sales charges | |
|---|---|
| Max front load | 5.50% |
| 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 |
C000220841 Costs Over Time
On $10,000 invested in C000220841, assuming 5% a year before costs, total costs come to $1,436 over 5 years, cutting the return by 2.48% 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 |
| Sales charges | $550 | $550 | $550 |
| Fund expenses (net expense ratio 1.20%) | $119 | $371 | $641 |
| Trading costs (broker commissions) | $5 | $15 | $26 |
| Lost growth on money paid in costs | $28 | $106 | $219 |
| Total costs | $701 | $1,041 | $1,436 |
| Value after costs | $9,799 | $10,535 | $11,327 |
| Impact on return, per year | 7.01% | 3.25% | 2.48% |
C000220841 Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending November 30, 2023.
- Explicit cost rate (commissions ÷ average net assets): 0.0479%
- Total broker commissions: $144K
- Bought from dealers (principal trades, not a cost): $667K
- Portfolio turnover (prospectus): 61%
- Securities lending: none during the year
C000220841 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| MORGAN STANLEY & CO. LLC | $48K | 33.29% |
| GOLDMAN SACHS & CO. LLC | $29K | 19.84% |
| PERSHING LLC | $16K | 11.42% |
| UBS SECURITIES LLC | $15K | 10.71% |
| MAXIM GROUP LLC | $15K | 10.22% |
| J.P. MORGAN SECURITIES LLC | $8K | 5.78% |
| MERRILL LYNCH PROFESSIONAL CLEARING CORP. | $6K | 3.89% |
| RBC CAPITAL MARKETS, LLC | $4K | 2.51% |
| INSTINET, LLC | $3K | 2.34% |
C000220841 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Morgan Stanley & Co. Inc. | $667K | 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.