BEMVX Fees and Costs — Barrow Hanley Emerging Markets Value Fund, Institutional Shares
Data updated: 2026-08-27
The net expense ratio is 0.98%: a 0.87% management fee plus 3.24% other expenses, less a 3.13% fee waiver. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $2K in broker commissions, 0.0692% of average net assets, and portfolio turnover was 43%.
BEMVX Fees and Expenses
Annual operating expenses and sales charges of BEMVX. Prospectus, as of September 30, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.87% |
| 12b-1 fee | 0.00% |
| Other expenses | 3.24% |
| Gross expense ratio | 4.11% |
| Fee waiver | −3.13% |
| Net expense ratio | 0.98% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| Max deferred load | 0.00% |
| Redemption fee | 0.00% |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | Yes |
BEMVX Costs Over Time
On $10,000 invested in BEMVX, assuming 5% a year before costs, total costs come to $656 over 5 years, cutting the return by 1.10% 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 0.98%) | $103 | $321 | $556 |
| Trading costs (broker commissions) | $7 | $23 | $39 |
| Lost growth on money paid in costs | $0 | $17 | $60 |
| Total costs | $110 | $361 | $656 |
| Value after costs | $10,390 | $11,216 | $12,107 |
| Impact on return, per year | 1.10% | 1.10% | 1.10% |
BEMVX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending September 30, 2025.
- Explicit cost rate (commissions ÷ average net assets): 0.0692%
- Total broker commissions: $2K
- Bought from dealers (principal trades, not a cost): $1.4M
- Portfolio turnover (prospectus): 43%
- Securities lending: none during the year
BEMVX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| J.P. MORGAN SECURITIES LLC | $612 | 33.85% |
| DAIWA CAPITAL MARKETS AMERICA INC. | $447 | 24.70% |
| LIQUIDNET, INC. | $207 | 11.43% |
| HSBC SECURITIES (USA) INC. | $150 | 8.32% |
| MORGAN STANLEY | $133 | 7.33% |
| JEFFERIES LLC | $118 | 6.50% |
| CLSA AMERICAS, LLC | $87 | 4.84% |
| GOLDMAN SACHS & CO. LLC | $55 | 3.03% |
BEMVX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| The Northern Trust Company | $1.4M | 100.00% |
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.