BGIIX Fees and Costs — Brandes Global Equity Income Fund, Class I
Data updated: 2020-08-18
The net expense ratio is 1.00%: a 0.80% management fee plus 12.38% other expenses, less a 12.18% fee waiver. There are no sales loads or redemption fees. In fiscal 2019 the fund paid $223 in broker commissions, 0.0167% of average net assets, and portfolio turnover was 8%.
BGIIX Fees and Expenses
Annual operating expenses and sales charges of BGIIX. Prospectus, as of January 31, 2020.
| Annual operating expenses | |
|---|---|
| Management fee | 0.80% |
| 12b-1 fee | 0.00% |
| Other expenses | 12.38% |
| Gross expense ratio | 13.18% |
| Fee waiver | −12.18% |
| Net expense ratio | 1.00% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| 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 |
BGIIX Costs Over Time
On $10,000 invested in BGIIX, assuming 5% a year before costs, total costs come to $636 over 5 years, cutting the return by 1.07% 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 1.00%) | $105 | $328 | $568 |
| Trading costs (broker commissions) | $2 | $5 | $9 |
| Lost growth on money paid in costs | $0 | $16 | $58 |
| Total costs | $107 | $350 | $636 |
| Value after costs | $10,393 | $11,227 | $12,127 |
| Impact on return, per year | 1.07% | 1.07% | 1.07% |
BGIIX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending September 30, 2019.
- Explicit cost rate (commissions ÷ average net assets): 0.0167%
- Total broker commissions: $223
- Bought from dealers (principal trades, not a cost): $336K
- Portfolio turnover (prospectus): 8%
- Securities on loan, average value: $75
- Net income from securities lending: $1 (0.000% of average net assets)
BGIIX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| CLSA AMERICAS LLC | $51 | 26.36% |
| LARRAINVIAL SECURITIES US LLC | $26 | 13.60% |
| MORGAN STANLEY & CO LLC | $25 | 13.00% |
| BRADESCO SECURITIES, INC. | $20 | 10.27% |
| UBS FINANCIAL SERVICES INC | $16 | 8.40% |
| MERRILL LYNCH PROFESSIONAL CLEARING CORP | $12 | 6.44% |
| CITIGROUP GLOBAL MARKETS INC | $12 | 6.19% |
| JEFFERIES LLC | $12 | 6.15% |
| XP SECURITIES, LLC | $11 | 5.49% |
| NATIONAL FINANCIAL SERVICES LLC | $8 | 4.11% |
BGIIX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| STATE STREET GLOBAL MARKETS LLC | $336K | 99.92% |
| MORGAN STANLEY & CO LLC | $94 | 0.03% |
| GOLDMAN SACHS & CO LLC | $85 | 0.03% |
| J.P. MORGAN SECURITIES LLC | $73 | 0.02% |
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.