BNIYX Fees and Costs — Barrow Hanley International Value Fund, Y Shares
Data updated: 2024-09-30
The net expense ratio is 0.86%: a 0.66% management fee plus 0.82% other expenses, less a 0.62% fee waiver. This share class carries a redemption fee of 1.00%. In fiscal 2023 the fund paid $85K in broker commissions, 0.1841% of average net assets, and portfolio turnover was 57%.
BNIYX Fees and Expenses
Annual operating expenses and sales charges of BNIYX. Prospectus, as of February 29, 2024.
| Annual operating expenses | |
|---|---|
| Management fee | 0.66% |
| 12b-1 fee | — |
| Other expenses | 0.82% |
| Gross expense ratio | 1.48% |
| Fee waiver | −0.62% |
| Net expense ratio | 0.86% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | 1.00% |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | Yes |
BNIYX Costs Over Time
On $10,000 invested in BNIYX, assuming 5% a year before costs, total costs come to $653 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 0.86%) | $90 | $282 | $488 |
| Trading costs (broker commissions) | $19 | $60 | $104 |
| Lost growth on money paid in costs | $0 | $17 | $60 |
| Total costs | $110 | $359 | $653 |
| Value after costs | $10,390 | $11,217 | $12,110 |
| Impact on return, per year | 1.10% | 1.10% | 1.10% |
BNIYX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending October 31, 2023.
- Explicit cost rate (commissions ÷ average net assets): 0.1841%
- Total broker commissions: $85K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 57%
- Securities lending: none during the year
BNIYX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| JP MORGAN CHASE | $45K | 55.74% |
| MORGAN STANLEY | $18K | 22.27% |
| GOLDMAN SACHS AND CO. | $4K | 5.09% |
| HSBC | $4K | 4.86% |
| CREDIT AGRICOLE SECURITIES | $2K | 2.98% |
| INSTINET | $2K | 2.55% |
| LIQUIDNET INC | $2K | 1.94% |
| JEFFERIES LLC | $1K | 1.64% |
| PAREL | $1K | 1.59% |
| ITG INC. | $1K | 1.33% |
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.