IGOIX Fees and Costs — Rational Real Assets Fund, Institutional Shares
Data updated: 2024-11-26
The net expense ratio is 1.27% (4.69% before fee waivers). There are no sales loads or redemption fees. In fiscal 2023 the fund paid $1K in broker commissions, 0.0307% of average net assets, and portfolio turnover was 61%.
IGOIX Fees and Expenses
Annual operating expenses and sales charges of IGOIX. Prospectus, as of April 30, 2024.
| Annual operating expenses | |
|---|---|
| Management fee | 0.95% |
| 12b-1 fee | 0.00% |
| Other expenses | 3.69% |
| Gross expense ratio | 4.69% |
| Fee waiver | −3.42% |
| Net expense ratio | 1.27% |
| 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 |
IGOIX Costs Over Time
On $10,000 invested in IGOIX, assuming 5% a year before costs, total costs come to $809 over 5 years, cutting the return by 1.37% 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 1.27%) | $133 | $415 | $717 |
| Trading costs (broker commissions) | $3 | $10 | $17 |
| Lost growth on money paid in costs | $0 | $21 | $74 |
| Total costs | $137 | $446 | $809 |
| Value after costs | $10,363 | $11,130 | $11,954 |
| Impact on return, per year | 1.37% | 1.37% | 1.37% |
IGOIX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending December 31, 2023.
- Explicit cost rate (commissions ÷ average net assets): 0.0307%
- Total broker commissions: $1K
- Bought from dealers (principal trades, not a cost): $122K
- Portfolio turnover (prospectus): 61%
- Securities lending: none during the year
IGOIX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| COWEN GROUP | $1K | 100.00% |
IGOIX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| US BANCORP | $122K | 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 Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date.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.