REIIX Fees and Costs — West Loop Realty Fund, Institutional Class Shares
Data updated: 2025-05-28
The net expense ratio is 1.10%: a 0.85% management fee plus 0.94% other expenses, less a 0.69% fee waiver. There are no sales loads or redemption fees. In fiscal 2024 the fund paid $14K in broker commissions, 0.0622% of average net assets, and portfolio turnover was 41%.
REIIX Fees and Expenses
Annual operating expenses and sales charges of REIIX. Prospectus, as of April 30, 2024.
| Annual operating expenses | |
|---|---|
| Management fee | 0.85% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.94% |
| Gross expense ratio | 1.79% |
| Fee waiver | −0.69% |
| Net expense ratio | 1.10% |
| 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 |
REIIX Costs Over Time
On $10,000 invested in REIIX, assuming 5% a year before costs, total costs come to $725 over 5 years, cutting the return by 1.22% 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 1.10%) | $116 | $360 | $623 |
| Trading costs (broker commissions) | $7 | $20 | $35 |
| Lost growth on money paid in costs | $0 | $19 | $67 |
| Total costs | $122 | $399 | $725 |
| Value after costs | $10,378 | $11,177 | $12,038 |
| Impact on return, per year | 1.22% | 1.22% | 1.22% |
REIIX 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
REIIX 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 Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date.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.