ILESX Fees and Costs — FI Institutional Group U.S. Large Cap Equity Environmental and Social Values Fund
Data updated: 2025-11-06
The net expense ratio is 0.47%: a 0.40% management fee plus 66.43% other expenses, less a 66.36% fee waiver. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $31 in broker commissions, 0.0120% of average net assets, and portfolio turnover was 19%.
ILESX Fees and Expenses
Annual operating expenses and sales charges of ILESX. Prospectus, as of December 31, 2024.
| Annual operating expenses | |
|---|---|
| Management fee | 0.40% |
| 12b-1 fee | — |
| Other expenses | 66.43% |
| Gross expense ratio | 66.83% |
| Fee waiver | −66.36% |
| Net expense ratio | 0.47% |
| 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 |
ILESX Costs Over Time
On $10,000 invested in ILESX, assuming 5% a year before costs, total costs come to $305 over 5 years, cutting the return by 0.51% 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 0.47%) | $49 | $155 | $270 |
| Trading costs (broker commissions) | $1 | $4 | $7 |
| Lost growth on money paid in costs | $0 | $8 | $28 |
| Total costs | $51 | $167 | $305 |
| Value after costs | $10,449 | $11,410 | $12,458 |
| Impact on return, per year | 0.51% | 0.51% | 0.51% |
ILESX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending August 31, 2025.
- Explicit cost rate (commissions ÷ average net assets): 0.0120%
- Total broker commissions: $31
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 19%
- Securities lending: none during the year
ILESX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| INSTINET LLC | $19 | 63.31% |
| COWEN AND COMPANY | $2 | 8.19% |
| BARCLAYS CAPITAL INC | $2 | 6.28% |
| CANTOR FITZGERALD & CO | $2 | 5.94% |
| CITIGROUP GLOBAL MARKETS INC | $1 | 3.73% |
| UBS SECURITIES LLC | $1 | 3.52% |
| PIPER SANDLER COMPANIES | $1 | 3.49% |
| MORGAN STANLEY & CO INC | $1 | 2.01% |
| JEFFERIES LLC | $1 | 1.85% |
| VIRTU AMERICAS LLC | $0 | 1.68% |
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.