Kayne Anderson Fund Advisors

KYE - Energy Total Return Fund

KYE - Expense Ratios

The following table sets forth the components of the ratio of expenses to average net assets for each period presented. Unless otherwise noted, ratios are annualized.

 

    For the Fiscal Year Ended November 30,  
  For the Nine Months Ended Aug 31, 2017 (Unaudited) 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 For the Period June 28, 2005(1)through Nov 30, 2005
Management fees 1.8% 1.9% 1.9% 1.8% 1.8% 1.8% 1.8% 1.7% 1.7% 1.6% 1.7% 1.7% 1.3%
Other expenses
0.3
0.3
0.2
0.1
0.2
0.2
0.2
0.3
0.3
0.3
0.3
0.3
0.4
Subtotal 2.1% 2.2% 2.1% 1.9% 2.0% 2.0% 2.0% 2.0% 2.0% 1.9% 2.0% 2.0% 1.7%
Interest expense and distributions on mandatory redeemable preferred(2) 1.7 3.8 2.1 1.7 2.1 2.4 2.3 2.3 2.6 0.7 0.2 0.1 --
Management fee waivers
--
--
--
--
--
--
--
--
--
--
(0.1)
(0.3)
(0.2)
Total expenses
3.8%
6.0%
4.2%
3.6%
4.1%
4.4%
4.3%
4.3%
4.6%
2.6%
2.1%
1.8%
1.5%

 

(1) Commencement of operations.

(2) Distributions on the Fund’s MRP Shares are treated as an operating expense under GAAP and are included in the calculation of net investment income (loss). See Note 2 — Significant Accounting Policies.

Source: KYE Q3 2017 Quarterly Report (PDF)

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