The following table sets forth the components of the ratio of
expenses to average net assets for each period presented.
| |
For the
Fiscal Year Ended November 30, |
|
| |
2011 |
2010 |
2009 |
2008 |
2007 |
2006 |
For the
Period June 28, 2005(1)through Nov 30, 2005 |
| Management fees |
1.8% |
1.7% |
1.7% |
1.6% |
1.7% |
1.7% |
1.3% |
| Other expenses |
0.2
|
0.3
|
0.3
|
0.3
|
0.3
|
0.3
|
0.4
|
|
Subtotal |
2.0% |
2.0% |
2.0% |
1.9% |
2.0% |
2.0% |
1.7% |
| Interest expense and
distributions on mandatory redeemable preferred |
2.3 |
2.3 |
2.6 |
0.7 |
0.2 |
0.1 |
-- |
| Management fee
waivers |
--
|
--
|
--
|
--
|
(0.1)
|
(0.3)
|
(0.2)
|
|
Total
expenses |
4.3%
|
4.3%
|
4.6%
|
2.6%
|
2.1%
|
1.8%
|
1.5%
|
(1) Commencement of operations.
Source: KYE 2011 Annual Report (PDF)