REICX Fees and Costs — West Loop Realty Fund, Class C
Data updated: 2025-05-28
The net expense ratio is 2.10%: a 0.85% management fee, a 1.00% 12b-1 fee plus 0.94% other expenses, less a 0.69% fee waiver. This share class carries a deferred sales charge of up to 1.00%. In fiscal 2024 the fund paid $14K in broker commissions, 0.0622% of average net assets, and portfolio turnover was 41%.
REICX Fees and Expenses
Annual operating expenses and sales charges of REICX. Prospectus, as of April 30, 2024.
| Annual operating expenses | |
|---|---|
| Management fee | 0.85% |
| 12b-1 fee | 1.00% |
| Other expenses | 0.94% |
| Gross expense ratio | 2.79% |
| Fee waiver | −0.69% |
| Net expense ratio | 2.10% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| Max deferred load | 1.00% |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | Yes |
REICX Costs Over Time
On $10,000 invested in REICX, assuming 5% a year before costs, total costs come to $1,321 over 5 years, cutting the return by 2.27% 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 |
| Sales charges | $103 | $0 | $0 |
| Fund expenses (net expense ratio 2.10%) | $220 | $680 | $1,164 |
| Trading costs (broker commissions) | $7 | $20 | $34 |
| Lost growth on money paid in costs | $0 | $35 | $123 |
| Total costs | $330 | $735 | $1,321 |
| Value after costs | $10,170 | $10,841 | $11,441 |
| Impact on return, per year | 3.30% | 2.27% | 2.27% |
REICX 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): 0.0622%
- Total broker commissions: $14K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 41%
- Securities lending: none during the year
REICX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| INSTINET, LLC | $12K | 85.16% |
| EVERCORE GROUP L.L.C. | $2K | 11.17% |
| RAYMOND JAMES (USA) LTD. | $506 | 3.67% |
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 Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date.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.