BCPAX Fees and Costs — Brandes Core Plus Fixed Income Fund, Class A
Data updated: 2026-08-26
The net expense ratio is 0.51%: a 0.35% management fee, a 0.25% 12b-1 fee plus 0.47% other expenses, less a 0.57% fee waiver. This share class carries a maximum front-end sales load of 3.75%. Portfolio turnover was 22%.
BCPAX Fees and Expenses
Annual operating expenses and sales charges of BCPAX. Prospectus, as of July 29, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.35% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.47% |
| Gross expense ratio | 1.08% |
| Fee waiver | −0.57% |
| Net expense ratio | 0.51% |
| Sales charges | |
|---|---|
| Max front load | 3.75% |
| Max deferred load | 0.00% |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | Yes |
BCPAX Costs Over Time
On $10,000 invested in BCPAX, assuming 5% a year before costs, total costs come to $789 over 5 years, cutting the return by 1.33% a year. Illustration, not a forecast: it assumes today's net expense ratio throughout (a fee waiver may end).
| $10,000 invested | Sell after 1 year | Sell after 3 years | Sell after 5 years |
|---|---|---|---|
| Value before costs | $10,500 | $11,576 | $12,763 |
| Sales charges | $375 | $375 | $375 |
| Fund expenses (net expense ratio 0.51%) | $52 | $162 | $282 |
| Lost growth on money paid in costs | $19 | $67 | $132 |
| Total costs | $445 | $604 | $789 |
| Value after costs | $10,055 | $10,973 | $11,974 |
| Impact on return, per year | 4.45% | 1.86% | 1.33% |
BCPAX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending March 31, 2026.
- Explicit cost rate (commissions ÷ average net assets): —
- Total broker commissions: —
- Bought from dealers (principal trades, not a cost): $105.4M
- Portfolio turnover (prospectus): 22%
- Securities lending: none during the year
BCPAX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| The Northern Trust Company | $105.4M | 100.00% |
Brandes Core Plus Fixed Income Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| BCPIX | Class I | 0.31% | none |
| BCPRX | Class R6 | 0.31% | none |
| BCPAX | Class A | 0.51% | 3.75% |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.