Center Coast MLP Focus Fund (CCCAX, CCCCX, CCCNX, CCCDX)
SHARE CLASS INFORMATION
|As of April 1, 2017||Class A Shares||Class C Shares||Class T Shares||Institutional Share|
|Total Expense Ratio*||7.07%||7.82%||7.07%||6.82%|
|Less Deferred Income Tax Expense**||5.61%||5.61%||5.61%||5.61%|
|Expense Ratio Before Deferred Income Tax Expense***||1.46%||2.21%||N/A||1.21%|
Click here to see the Fund's Sales Charge Schedule.
*Total Expense Ratio includes deferred income tax expenses, which are reflected in the Fund’s daily NAV and are estimates of the Fund’s potential tax expense if it were to recognize the unrealized gains in the portfolio, offset by the net tax effect of the investment loss of the Fund and the realized gains on investments. Please see prospectus for additional information.
**Deferred tax expenses (benefits) have in the past and may in the future vary greatly from year to year and from day to day depending on the nature of the Fund’s investments, the performance of those investments, changes in valuation allowances, if any, and general market conditions. As this performance and the related tax effects occurred in the past, they are not indicative of the performance or the related tax expenses (benefits) that may take place in future periods. To the extent the Fund has a deferred tax asset, consideration is given as to whether or not a valuation allowance is required.
***The Fund’s investment advisor has contractually agreed until March 31, 2018 to waive its fees or absorb expenses, excluding deferred income tax expenses, so that the total annual fund operating expenses do not exceed 1.50%, 2.25%, 1.50%, and 1.25% for the Class A Shares, Class C Shares, Class T Shares and Institutional Class Shares, respectively. Class T Shares were not offered prior to April 1, 2017.