CCCNX Fees and Costs — Center Coast Brookfield Midstream Focus Fund, Class I
Data updated: 2026-08-26
The net expense ratio is 1.21%: a 1.00% management fee plus 0.26% other expenses, less a 0.05% fee waiver. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $1.3M in broker commissions, 0.1201% of average net assets, and portfolio turnover was 75%.
CCCNX Fees and Expenses
Annual operating expenses and sales charges of CCCNX. Prospectus, as of September 30, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 1.00% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.26% |
| Gross expense ratio | 1.26% |
| Fee waiver | −0.05% |
| Net expense ratio | 1.21% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| Max deferred load | 0.00% |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | Yes |
CCCNX Costs Over Time
On $10,000 invested in CCCNX, assuming 5% a year before costs, total costs come to $827 over 5 years, cutting the return by 1.40% 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 1.21%) | $127 | $395 | $683 |
| Trading costs (broker commissions) | $13 | $39 | $68 |
| Lost growth on money paid in costs | $0 | $22 | $76 |
| Total costs | $140 | $456 | $827 |
| Value after costs | $10,360 | $11,120 | $11,936 |
| Impact on return, per year | 1.40% | 1.40% | 1.40% |
CCCNX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending September 30, 2025.
- Explicit cost rate (commissions ÷ average net assets): 0.1201%
- Total broker commissions: $1.3M
- Bought from dealers (principal trades, not a cost): $13.4M
- Portfolio turnover (prospectus): 75%
- Securities lending: none during the year
CCCNX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| MORGAN STANLEY & CO. LLC | $173K | 17.14% |
| ROSENBLATT SECURITIES INC. | $172K | 16.99% |
| WELLS FARGO SECURITIES LLC | $157K | 15.50% |
| INSTINET LLC | $93K | 9.22% |
| J.P. MORGAN SECURITIES LLC | $88K | 8.71% |
| GOLDMAN SACHS & CO. LLC | $83K | 8.22% |
| RAYMOND JAMES & ASSOCIATES INC. | $75K | 7.45% |
| STONEX FINANCIAL INC. | $59K | 5.82% |
| USCA SECURITIES LLC | $57K | 5.60% |
| LIQUIDNET LLC. | $54K | 5.36% |
CCCNX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| TRC Capital Investment Corporation | $11.4M | 85.04% |
| J.P. MORGAN SECURITIES LLC | $2.0M | 14.96% |
Center Coast Brookfield Midstream Focus Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| CCCNX | Class I | 1.21% | none |
| CCCAX | Class A | 1.46% | 4.75% |
| CCCCX | Class C | 2.21% | none |
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.