C000223735 Fees and Costs — Mirova U.S. Sustainable Equity Fund, Class N
Data updated: 2023-11-29
The net expense ratio is 0.75%: a 0.65% management fee plus 4.25% other expenses, less a 4.15% fee waiver. There are no sales loads or redemption fees. In fiscal 2022 the fund paid $72 in broker commissions, 0.0018% of average net assets, and portfolio turnover was 8%.
C000223735 Fees and Expenses
Annual operating expenses and sales charges of C000223735. Prospectus, as of April 30, 2023.
| Annual operating expenses | |
|---|---|
| Management fee | 0.65% |
| 12b-1 fee | 0.00% |
| Other expenses | 4.25% |
| Gross expense ratio | 4.90% |
| Fee waiver | −4.15% |
| Net expense ratio | 0.75% |
| 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 |
C000223735 Costs Over Time
On $10,000 invested in C000223735, assuming 5% a year before costs, total costs come to $473 over 5 years, cutting the return by 0.79% 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 0.75%) | $79 | $246 | $428 |
| Trading costs (broker commissions) | $0 | $1 | $1 |
| Lost growth on money paid in costs | $0 | $12 | $43 |
| Total costs | $79 | $259 | $473 |
| Value after costs | $10,421 | $11,317 | $12,290 |
| Impact on return, per year | 0.79% | 0.79% | 0.79% |
C000223735 Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending December 31, 2022.
- Explicit cost rate (commissions ÷ average net assets): 0.0018%
- Total broker commissions: $72
- Bought from dealers (principal trades, not a cost): $26.5M
- Portfolio turnover (prospectus): 8%
- Securities lending: none during the year
C000223735 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Citigroup Global Markets Inc. | $47 | 65.74% |
| Morgan Stanley & Co. LLC | $17 | 23.36% |
| Barclays Capital Inc. | $4 | 5.67% |
| BofA Securities, Inc. | $4 | 5.22% |
C000223735 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| State Street Bank and Trust Company | $26.5M | 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.