KAIIX Fees and Costs — Karner Blue Biodiversity Impact Fund, Institutional Class
Data updated: 2024-01-29
The net expense ratio is 1.00%: a 0.80% management fee plus 6.58% other expenses, less a 6.38% fee waiver. There are no sales loads or redemption fees. In fiscal 2023 the fund paid $7K in broker commissions, 0.0707% of average net assets, and portfolio turnover was 77%.
KAIIX Fees and Expenses
Annual operating expenses and sales charges of KAIIX. Prospectus, as of September 30, 2020.
| Annual operating expenses | |
|---|---|
| Management fee | 0.80% |
| 12b-1 fee | 0.00% |
| Other expenses | 6.58% |
| Gross expense ratio | 7.38% |
| Fee waiver | −6.38% |
| 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 |
KAIIX Costs Over Time
On $10,000 invested in KAIIX, assuming 5% a year before costs, total costs come to $669 over 5 years, cutting the return by 1.12% 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 | $567 |
| Trading costs (broker commissions) | $7 | $23 | $40 |
| Lost growth on money paid in costs | $0 | $17 | $61 |
| Total costs | $112 | $368 | $669 |
| Value after costs | $10,388 | $11,208 | $12,094 |
| Impact on return, per year | 1.12% | 1.12% | 1.12% |
KAIIX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending May 31, 2023.
- Explicit cost rate (commissions ÷ average net assets): 0.0707%
- Total broker commissions: $7K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 77%
- Securities lending: none during the year
KAIIX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| INSTINET LLC | $7K | 98.15% |
| CRAIG-HALLUM CAPITAL GROUP LLC | $123 | 1.85% |
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 Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date.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.