KARIX Fees and Costs — Kayne Anderson Renewable Infrastructure Fund, Class I
Data updated: 2025-03-17
The net expense ratio is 1.02%: a 0.85% management fee plus 0.48% other expenses, less a 0.32% fee waiver. There are no sales loads or redemption fees. In fiscal 2024 the fund paid $73K in broker commissions, 0.2178% of average net assets, and portfolio turnover was 61%.
KARIX Fees and Expenses
Annual operating expenses and sales charges of KARIX. Prospectus, as of April 30, 2024.
| Annual operating expenses | |
|---|---|
| Management fee | 0.85% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.48% |
| Gross expense ratio | 1.34% |
| Fee waiver | −0.32% |
| Net expense ratio | 1.02% |
| 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 |
KARIX Costs Over Time
On $10,000 invested in KARIX, assuming 5% a year before costs, total costs come to $771 over 5 years, cutting the return by 1.30% 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 1.02%) | $107 | $333 | $577 |
| Trading costs (broker commissions) | $23 | $71 | $123 |
| Lost growth on money paid in costs | $0 | $20 | $71 |
| Total costs | $130 | $425 | $771 |
| Value after costs | $10,370 | $11,152 | $11,992 |
| Impact on return, per year | 1.30% | 1.30% | 1.30% |
KARIX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending December 31, 2024.
- Explicit cost rate (commissions ÷ average net assets): 0.2178%
- Total broker commissions: $73K
- Bought from dealers (principal trades, not a cost): $567K
- Portfolio turnover (prospectus): 61%
- Securities lending: none during the year
KARIX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| JONESTRADING INSTITUTIONAL SERVICES LLC | $73K | 100.00% |
KARIX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| J.P. MORGAN SECURITIES LLC | $375K | 66.09% |
| MERRILL LYNCH PIERCE FENNER & SMITH INCORPORATED | $192K | 33.91% |
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.