Expense Ratio History

INFIX expense ratio history

Tortoise Energy Infrastructure and Income Fund, Institutional Class Shares

Fund company
Managed Portfolio Series
Type
Mutual fund

1.12%

In basis points
112 basis points
Yearly cost per $10,000
$112
Prospectus dated
31 March 2025, filed with the SEC; rounded to 0.01%
Last change
Cut from 1.13% on 31 March 2025

Fee over time

INFIX expense ratio: 1.09% until 30 Mar 2020, then 1.17%; 1.17% until 31 Mar 2021, then 1.14%; 1.14% until 31 Mar 2022, then 1.16%; 1.16% until 31 Mar 2023, then 1.13%; 1.13% until 31 Mar 2025, then 1.12%; read at 1.12% on 31 Mar 2025.0.00%0.50%1.00%1.50%2.00%Sep 2019Sep 2020Sep 2021Sep 2022Sep 2023Sep 20241.09% before1.12% from 31 Mar 2025
INFIX expense ratio: 1.09% until 30 Mar 2020, then 1.17%; 1.17% until 31 Mar 2021, then 1.14%; 1.14% until 31 Mar 2022, then 1.16%; 1.16% until 31 Mar 2023, then 1.13%; 1.13% until 31 Mar 2025, then 1.12%; read at 1.12% on 31 Mar 2025.0.00%0.50%1.00%1.50%2.00%Sep 2019Aug 2021Jul 20231.09% before1.12% from 31 Mar 2025
Solid line: the fee in effect after each recorded change. Dashed: the fee before it. Dots: prospectuses filed with the SEC and dates we read the fee from a source.

Share classes

The same fund is sold as 3 share classes, each with its own fee. Figures are from each class's latest prospectus in SEC filings, rounded to 0.01%.

TickerShare classFeeAfter waiversProspectus dated
INFIX (this page) Institutional Class Shares 1.12% — 31 Mar 2025
INFRX A Class Shares 1.37% — 31 Mar 2025
INFFX C Class Shares 2.12% — 31 Mar 2025

Every figure we've recorded

DateFeeWhat happened
31 Mar 2025 1.12% In the prospectusTotal annual fund operating expenses in the prospectus dated 2025-03-31 (form 485BPOS), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 485BPOS
31 Mar 2025 1.12% Cut from 1.13% to 1.12%Prospectus date; the new figure appears in this filingSource: Prospectus (form 485BPOS) filed with the SEC on 2025-03-28
31 Mar 2024 1.13% In the prospectusTotal annual fund operating expenses in the prospectus dated 2024-03-31 (form 485BPOS), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 485BPOS
31 Mar 2023 1.13% In the prospectusTotal annual fund operating expenses in the prospectus dated 2023-03-31 (form 485BPOS), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 485BPOS
31 Mar 2023 1.13% Cut from 1.16% to 1.13%Prospectus date; the new figure appears in this filingSource: Prospectus (form 485BPOS) filed with the SEC on 2023-03-28
31 Mar 2022 1.16% In the prospectusTotal annual fund operating expenses in the prospectus dated 2022-03-31 (form 485BPOS), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 485BPOS
31 Mar 2022 1.16% Raised from 1.14% to 1.16%Prospectus date; the new figure appears in this filingSource: Prospectus (form 485BPOS) filed with the SEC on 2022-03-30
31 Mar 2021 1.14% In the prospectusTotal annual fund operating expenses in the prospectus dated 2021-03-31 (form 497), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 497
31 Mar 2021 1.14% Cut from 1.17% to 1.14%Prospectus date; the new figure appears in this filingSource: Prospectus (form 497) filed with the SEC on 2021-04-05
30 Mar 2020 1.17% In the prospectusTotal annual fund operating expenses in the prospectus dated 2020-03-30 (form 497), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 497
30 Mar 2020 1.17% Raised from 1.09% to 1.17%Prospectus date; the new figure appears in this filingSource: Prospectus (form 497) filed with the SEC on 2020-04-17
13 Sep 2019 1.09% In the prospectusTotal annual fund operating expenses in the prospectus dated 2019-09-13 (form 485BPOS), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 485BPOS

What this fee costs

Change the amount, years or return. The estimate keeps the fee at 1.12% and the return steady each year, the same assumptions as the cost example in a fund's prospectus.

$1,369 in fees over 10 years

After fees, $10,000 grows to $14,593.

Fees paid on $10,000 at 5% a year
AfterFees paid
1 year$115
3 years$358
5 years$620
10 years$1,369

How we read this figure

The figure is the total annual fund operating expenses line of the fee table in the fund's prospectus, as tagged in the fund company's filing with the SEC. The SEC publishes these figures rounded to four decimal places, so 0.015% appears as 0.02%. The fund company's own page may show a more precise number.

SEC filings give 7 prospectuses for this share class since 2019. Each one is listed above with a link to the filing.

How we read fees

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