Expense Ratio History

RSRAX expense ratio history

REAVES INFRASTRUCTURE FUND, Class A Shares

Fund company
Advisors' Inner Circle
Type
Mutual fund

1.56%

In basis points
156 basis points
Yearly cost per $10,000
$156
Prospectus dated
28 November 2015, filed with the SEC; rounded to 0.01%
Last change
Cut from 1.62% on 28 November 2014

Fee over time

RSRAX expense ratio: 1.69% until 28 Nov 2013, then 1.62%; 1.62% until 28 Nov 2014, then 1.56%; read at 1.56% on 28 Nov 2015.0.00%1.00%2.00%3.00%Nov 2011Aug 2012May 2013Feb 2014Nov 2014Aug 20151.69% before1.56% from 28 Nov 2014
RSRAX expense ratio: 1.69% until 28 Nov 2013, then 1.62%; 1.62% until 28 Nov 2014, then 1.56%; read at 1.56% on 28 Nov 2015.0.00%1.00%2.00%3.00%Nov 2011Apr 2013Sep 20141.69% before1.56% from 28 Nov 2014
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 2 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
RSRAX (this page) Class A Shares 1.56% — 28 Nov 2015
RSRFX Institutional Class Shares 2.01% — 28 Nov 2025

Every figure we've recorded

DateFeeWhat happened
28 Nov 2015 1.56% In the prospectusTotal annual fund operating expenses in the prospectus dated 2015-11-28 (form 485BPOS), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 485BPOS
28 Nov 2014 1.56% In the prospectusTotal annual fund operating expenses in the prospectus dated 2014-11-28 (form 485BPOS), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 485BPOS
28 Nov 2014 1.56% Cut from 1.62% to 1.56%Prospectus date; the new figure appears in this filingSource: Prospectus (form 485BPOS) filed with the SEC on 2014-12-19
28 Nov 2013 1.62% In the prospectusTotal annual fund operating expenses in the prospectus dated 2013-11-28 (form 485BPOS), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 485BPOS
28 Nov 2013 1.62% Cut from 1.69% to 1.62%Prospectus date; the new figure appears in this filingSource: Prospectus (form 485BPOS) filed with the SEC on 2013-12-18
28 Nov 2012 1.69% In the prospectusTotal annual fund operating expenses in the prospectus dated 2012-11-28 (form 485BPOS), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 485BPOS
28 Nov 2011 1.69% In the prospectusTotal annual fund operating expenses in the prospectus dated 2011-11-28 (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 1.56% and the return steady each year, the same assumptions as the cost example in a fund's prospectus.

$1,867 in fees over 10 years

After fees, $10,000 grows to $13,972.

Fees paid on $10,000 at 5% a year
AfterFees paid
1 year$160
3 years$496
5 years$856
10 years$1,867

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 5 prospectuses for this share class since 2011. Each one is listed above with a link to the filing.

How we read fees

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