RASIX Fees and Costs — Brookfield Real Assets Securities Fund, Class I
Data updated: 2024-05-29
The net expense ratio is 0.90%: a 0.75% management fee plus 0.67% other expenses, less a 0.52% fee waiver. There are no sales loads or redemption fees. In fiscal 2023 the fund paid $68K in broker commissions, 0.1415% of average net assets, and portfolio turnover was 92%.
RASIX Fees and Expenses
Annual operating expenses and sales charges of RASIX. Prospectus, as of December 31, 2020.
| Annual operating expenses | |
|---|---|
| Management fee | 0.75% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.67% |
| Gross expense ratio | 1.42% |
| Fee waiver | −0.52% |
| Net expense ratio | 0.90% |
| 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 |
RASIX Costs Over Time
On $10,000 invested in RASIX, assuming 5% a year before costs, total costs come to $651 over 5 years, cutting the return by 1.09% 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 0.90%) | $94 | $295 | $511 |
| Trading costs (broker commissions) | $15 | $46 | $80 |
| Lost growth on money paid in costs | $0 | $17 | $60 |
| Total costs | $109 | $358 | $651 |
| Value after costs | $10,391 | $11,218 | $12,112 |
| Impact on return, per year | 1.09% | 1.09% | 1.09% |
RASIX 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): 0.1415%
- Total broker commissions: $68K
- Bought from dealers (principal trades, not a cost): $15.4M
- Portfolio turnover (prospectus): 92%
- Securities lending: none during the year
RASIX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| BOFAML SECURITIES, INC. | $10K | 22.56% |
| J.P. MORGAN SECURITIES LLC | $7K | 14.55% |
| BTIG, LLC | $5K | 11.50% |
| MORGAN STANLEY & CO. LLC | $5K | 11.38% |
| RAYMOND JAMES & ASSOCIATES, INC. | $5K | 10.43% |
| INSTINET, LLC | $4K | 7.94% |
| BARCLAYS CAPITAL INC. | $3K | 6.01% |
| UBS SECURITIES LLC | $3K | 5.67% |
| SUNTRUST INVESTMENT SERVICES, INC. | $2K | 5.06% |
| STIFEL, NICOLAUS & COMPANY, INCORPORATED | $2K | 4.89% |
RASIX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| MARKETAXESS CORPORATION | $2.5M | 20.09% |
| JANE STREET EXECUTION SERVICES, LLC | $1.9M | 15.91% |
| BOFAML SECURITIES, INC. | $1.8M | 14.53% |
| MORGAN STANLEY & CO. LLC | $1.6M | 13.18% |
| J.P. MORGAN SECURITIES LLC | $1.2M | 10.13% |
| GOLDMAN SACHS & CO. LLC | $1.1M | 8.99% |
| BARCLAYS CAPITAL INC. | $979K | 7.99% |
| CITIGROUP GLOBAL MARKETS INC. | $668K | 5.45% |
| SUSQUEHANNA FINANCIAL GROUP, LLLP | $457K | 3.73% |
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.