GRSIX Fees and Costs — Brookfield Next Generation Infrastructure Fund, Class I
Data updated: 2026-05-29
The net expense ratio is 1.00%: a 0.85% management fee plus 1.10% other expenses, less a 0.95% fee waiver. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $90K in broker commissions, 0.1995% of average net assets, and portfolio turnover was 82%.
GRSIX Fees and Expenses
Annual operating expenses and sales charges of GRSIX. Prospectus, as of December 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.85% |
| 12b-1 fee | 0.00% |
| Other expenses | 1.10% |
| Gross expense ratio | 1.95% |
| Fee waiver | −0.95% |
| Net expense ratio | 1.00% |
| 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 |
GRSIX Costs Over Time
On $10,000 invested in GRSIX, assuming 5% a year before costs, total costs come to $747 over 5 years, cutting the return by 1.26% 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 1.00%) | $105 | $327 | $566 |
| Trading costs (broker commissions) | $21 | $65 | $113 |
| Lost growth on money paid in costs | $0 | $19 | $69 |
| Total costs | $126 | $412 | $747 |
| Value after costs | $10,374 | $11,165 | $12,016 |
| Impact on return, per year | 1.26% | 1.26% | 1.26% |
GRSIX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending December 31, 2025.
- Explicit cost rate (commissions ÷ average net assets): 0.1995%
- Total broker commissions: $90K
- Bought from dealers (principal trades, not a cost): $231K
- Portfolio turnover (prospectus): 82%
- Securities lending: none during the year
GRSIX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| J.P. MORGAN SECURITIES LLC | $32K | 43.21% |
| RBC CAPITAL MARKETS LLC | $11K | 14.82% |
| MERRILL LYNCH PIERCE FENNER & SMITH INCORPORATED | $6K | 8.49% |
| UBS ASSET MANAGEMENT (US) INC. | $6K | 8.39% |
| STRATEGAS SECURITIES LLC | $4K | 4.79% |
| MORGAN STANLEY & CO. LLC | $4K | 4.74% |
| INSTINET LLC | $3K | 4.63% |
| EXANE INC. | $3K | 3.96% |
| BERENBERG CAPITAL MARKETS LLC | $3K | 3.56% |
| JEFFERIES LLC | $3K | 3.39% |
GRSIX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| UBS ASSET MANAGEMENT (US) INC. | $231K | 100.00% |
Brookfield Next Generation Infrastructure Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| GRSIX | Class I | 1.00% | none |
| GRSAX | Class A | 1.25% | 4.75% |
| GRSCX | Class C | 2.00% | 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.