Fee Comparison*
| Industry Average | BIP | |
| Advisory Fee | 1.22% | 1.00% |
| Loads/Commissions | Varies | None |
| Mutual Fund Fee (Expense Ratio) | 0.90% | 0.36% |
| Trading Charges (SAI) | 1.44% | 0.07% |
| TOTAL | 3.56% (+ any loads/commissions) |
1.43% |
* Based on account size of $750,000
Advisory Fee – A management/advice fee that compensates for a variety of professional services.
Loads/Commissions – A commission paid to a broker by a mutual fund when shares are purchased, taken as a percentage of funds invested.
Mutual Fund (Expense Ratio) – The percentage of the fund’s assets that go purely toward the expense of running the fund. It includes management fees, administrative costs and distribution and advertising expenses.
Trading Charges (SAI) – Brokerage costs for trading the portfolio and transaction costs of spreads. These two costs can add significantly to the reported expenses of a fund.