BELSX Fees and Costs — Boston Partners Emerging Markets Dynamic Equity Fund, Institutional Class
Data updated: 2026-01-28
The net expense ratio is 1.48% (1.66% before fee waivers). There are no sales loads or redemption fees. In fiscal 2024 the fund paid $188K in broker commissions, 0.3033% of average net assets, and portfolio turnover was 202%.
BELSX Fees and Expenses
Annual operating expenses and sales charges of BELSX. Prospectus, as of December 31, 2024.
| Annual operating expenses | |
|---|---|
| Management fee | 1.25% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.33% |
| Gross expense ratio | 1.66% |
| Fee waiver | −0.18% |
| Net expense ratio | 1.48% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | Yes |
BELSX Costs Over Time
On $10,000 invested in BELSX, assuming 5% a year before costs, total costs come to $1,098 over 5 years, cutting the return by 1.87% 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 |
| Fund expenses (net expense ratio 1.48%) | $155 | $481 | $827 |
| Trading costs (broker commissions) | $32 | $99 | $170 |
| Lost growth on money paid in costs | $0 | $29 | $101 |
| Total costs | $187 | $608 | $1,098 |
| Value after costs | $10,313 | $10,968 | $11,665 |
| Impact on return, per year | 1.87% | 1.87% | 1.87% |
BELSX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending August 31, 2024.
- Explicit cost rate (commissions ÷ average net assets): 0.3033%
- Total broker commissions: $188K
- Bought from dealers (principal trades, not a cost): $1.7M
- Portfolio turnover (prospectus): 202%
- Securities lending: none during the year
BELSX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| HSBC SECURITIES (USA) INC. | $73K | 40.19% |
| J.P. MORGAN SECURITIES LLC | $25K | 13.95% |
| MORGAN STANLEY & CO. LLC | $19K | 10.67% |
| MACQUARIE CAPITAL (USA) INC. | $19K | 10.31% |
| CLSA AMERICAS LLC | $15K | 8.10% |
| MERRILL LYNCH PIERCE FENNER & SMITH INCORPORATED | $7K | 4.01% |
| UBS ASSET MANAGEMENT (US) INC. | $7K | 3.99% |
| GOLDMAN SACHS & CO. LLC | $6K | 3.24% |
| UBS SECURITIES LLC | $5K | 2.97% |
| CREDIT AGRICOLE SECURITIES (USA) INC. | $5K | 2.57% |
BELSX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| HSBC SECURITIES (USA) INC. | $711K | 41.32% |
| GOLDMAN SACHS & CO. LLC | $549K | 31.86% |
| UBS ASSET MANAGEMENT (US) INC. | $462K | 26.82% |
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.