BGVSX Fees and Costs — Brandes Global Equity Fund, Class A
Data updated: 2024-08-27
The net expense ratio is 1.25%: a 0.80% management fee, a 0.25% 12b-1 fee plus 0.38% other expenses, less a 0.18% fee waiver. This share class carries a maximum front-end sales load of 5.75%. In fiscal 2023 the fund paid $12K in broker commissions, 0.0286% of average net assets, and portfolio turnover was 17%.
BGVSX Fees and Expenses
Annual operating expenses and sales charges of BGVSX. Prospectus, as of January 31, 2024.
| Annual operating expenses | |
|---|---|
| Management fee | 0.80% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.38% |
| Gross expense ratio | 1.43% |
| Fee waiver | −0.18% |
| Net expense ratio | 1.25% |
| Sales charges | |
|---|---|
| Max front load | 5.75% |
| 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 |
BGVSX Costs Over Time
On $10,000 invested in BGVSX, assuming 5% a year before costs, total costs come to $1,483 over 5 years, cutting the return by 2.56% 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 | $575 | $575 | $575 |
| Fund expenses (net expense ratio 1.25%) | $124 | $385 | $665 |
| Trading costs (broker commissions) | $3 | $9 | $15 |
| Lost growth on money paid in costs | $29 | $110 | $228 |
| Total costs | $730 | $1,079 | $1,483 |
| Value after costs | $9,770 | $10,497 | $11,279 |
| Impact on return, per year | 7.30% | 3.37% | 2.56% |
BGVSX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending September 30, 2023.
- Explicit cost rate (commissions ÷ average net assets): 0.0286%
- Total broker commissions: $12K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 17%
- Securities on loan, average value: $235K
- Net income from securities lending: $2K (0.004% of average net assets)
BGVSX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Morgan Stanley & Co. LLC | $2K | 15.09% |
| Sanford C. Bernstein & Co. LLC | $2K | 13.97% |
| MERRILL LYNCH PF&S INC | $1K | 13.33% |
| Jefferies LLC | $1K | 12.77% |
| HSBC Securities (USA) Inc | $1K | 12.31% |
| MACQUARIE EQUITIES LTD | $1K | 10.69% |
| UBS Securities | $917 | 8.47% |
| SALOMON BROTHERS INC. | $694 | 6.42% |
| ISI Security Group, Inc. | $458 | 4.23% |
| Mischler Financial Group Inc. | $294 | 2.71% |
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.