FLIIX Fees and Costs — First Sentier Global Listed Infrastructure Fund, Class I
Data updated: 2026-01-14
The net expense ratio is 0.95%: a 0.75% management fee plus 0.38% other expenses, less a 0.18% fee waiver. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $62K in broker commissions, 0.0460% of average net assets, and portfolio turnover was 65%.
FLIIX Fees and Expenses
Annual operating expenses and sales charges of FLIIX. Prospectus, as of February 28, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.75% |
| 12b-1 fee | — |
| Other expenses | 0.38% |
| Gross expense ratio | 1.13% |
| Fee waiver | −0.18% |
| Net expense ratio | 0.95% |
| 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 |
FLIIX Costs Over Time
On $10,000 invested in FLIIX, assuming 5% a year before costs, total costs come to $623 over 5 years, cutting the return by 1.05% 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 0.95%) | $100 | $311 | $540 |
| Trading costs (broker commissions) | $5 | $15 | $26 |
| Lost growth on money paid in costs | $0 | $16 | $57 |
| Total costs | $105 | $342 | $623 |
| Value after costs | $10,395 | $11,234 | $12,140 |
| Impact on return, per year | 1.05% | 1.05% | 1.05% |
FLIIX 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): 0.0460%
- Total broker commissions: $62K
- Bought from dealers (principal trades, not a cost): $5.7M
- Portfolio turnover (prospectus): 65%
- Securities lending: none during the year
FLIIX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| RBC CAPITAL MARKETS LLC | $7K | 14.11% |
| BARCLAYS CAPITAL INC. | $7K | 14.01% |
| MERRILL LYNCH, PIERCE, FENNER & SMITH INCORPORATED | $6K | 12.91% |
| J.P. MORGAN SECURITIES LLC | $6K | 12.65% |
| CITIGROUP GLOBAL MARKETS INC. | $4K | 9.45% |
| BNP PARIBAS SECURITIES CORP. | $4K | 9.37% |
| UBS ASSET MANAGEMENT (US) INC. | $4K | 8.19% |
| WELLS FARGO SECURITIES LLC | $4K | 7.74% |
| GOLDMAN SACHS & CO. LLC | $3K | 6.33% |
| SG AMERICAS SECURITIES LLC | $2K | 5.23% |
FLIIX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| CITIGROUP GLOBAL MARKETS INC. | $5.7M | 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.