FLIAX Fees and Costs — First Sentier American Listed Infrastructure Fund, Class I
Data updated: 2026-01-14
The net expense ratio is 0.75%: a 0.75% management fee plus 8.05% other expenses, less a 8.05% fee waiver. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $1K in broker commissions, 0.0376% of average net assets, and portfolio turnover was 82%.
FLIAX Fees and Expenses
Annual operating expenses and sales charges of FLIAX. Prospectus, as of February 28, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.75% |
| 12b-1 fee | — |
| Other expenses | 8.05% |
| Gross expense ratio | 8.80% |
| Fee waiver | −8.05% |
| Net expense ratio | 0.75% |
| 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 |
FLIAX Costs Over Time
On $10,000 invested in FLIAX, assuming 5% a year before costs, total costs come to $495 over 5 years, cutting the return by 0.83% 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) | $4 | $12 | $21 |
| Lost growth on money paid in costs | $0 | $13 | $45 |
| Total costs | $83 | $271 | $495 |
| Value after costs | $10,417 | $11,305 | $12,268 |
| Impact on return, per year | 0.83% | 0.83% | 0.83% |
FLIAX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending October 31, 2025.
- Explicit cost rate (commissions ÷ average net assets): 0.0376%
- Total broker commissions: $1K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 82%
- Securities lending: none during the year
FLIAX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| RBC CAPITAL MARKETS LLC | $406 | 31.83% |
| CITIGROUP GLOBAL MARKETS INC. | $320 | 25.10% |
| VIRTU AMERICAS | $136 | 10.71% |
| BARCLAYS CAPITAL INC. | $117 | 9.17% |
| J.P. MORGAN SECURITIES LLC | $78 | 6.12% |
| WELLS FARGO SECURITIES LLC | $69 | 5.45% |
| SANFORD C. BERNSTEIN & CO., LLC | $44 | 3.48% |
| BMO CAPITAL MARKETS CORP. | $41 | 3.26% |
| LIQUIDNET INC. | $32 | 2.48% |
| BNY MELLON CAPITAL MARKETS LLC | $31 | 2.40% |
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.