CGCNX Fees and Costs — NXG Global Clean Equity Fund, Class I
Data updated: 2024-02-13
The net expense ratio is 1.15%: a 0.85% management fee plus 2.23% other expenses, less a 1.93% fee waiver. There are no sales loads or redemption fees. In fiscal 2023 the fund paid $122K in broker commissions, 1.2485% of average net assets, and portfolio turnover was 118%.
CGCNX Fees and Expenses
Annual operating expenses and sales charges of CGCNX. Prospectus, as of March 31, 2023.
| Annual operating expenses | |
|---|---|
| Management fee | 0.85% |
| 12b-1 fee | 0.00% |
| Other expenses | 2.23% |
| Gross expense ratio | 3.08% |
| Fee waiver | −1.93% |
| Net expense ratio | 1.15% |
| 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 |
CGCNX Costs Over Time
On $10,000 invested in CGCNX, assuming 5% a year before costs, total costs come to $1,459 over 5 years, cutting the return by 2.52% 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 1.15%) | $121 | $371 | $634 |
| Trading costs (broker commissions) | $131 | $403 | $689 |
| Lost growth on money paid in costs | $0 | $39 | $136 |
| Total costs | $252 | $813 | $1,459 |
| Value after costs | $10,248 | $10,763 | $11,304 |
| Impact on return, per year | 2.52% | 2.52% | 2.52% |
CGCNX 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): 1.2485%
- Total broker commissions: $122K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 118%
- Securities lending: none during the year
CGCNX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| BTIG LLC | $38K | 39.33% |
| RAYMOND JAMES & ASSOCIATES INC. | $13K | 13.82% |
| MORGAN STANLEY & CO. LLC | $9K | 9.75% |
| MERRILL LYNCH PIERCE FENNER & SMITH INCORPORATED | $7K | 7.68% |
| J.P. MORGAN SECURITIES LLC | $6K | 6.18% |
| USCA SECURITIES LLC | $5K | 5.32% |
| INSTINET LLC | $5K | 4.92% |
| ROBERT W. BAIRD & CO. INCORPORATED | $5K | 4.76% |
| KEYBANC CAPITAL MARKETS INC. | $4K | 4.44% |
| ISI FINANCIAL GROUP INC | $4K | 3.82% |
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.