BPAIX Fees and Costs — Boston Partners All-Cap Value Fund, Institutional Class
Data updated: 2026-07-28
The net expense ratio is 0.80%: a 0.70% management fee plus 0.15% other expenses, less a 0.05% fee waiver. There are no sales loads or redemption fees. In fiscal 2024 the fund paid $191K in broker commissions, 0.0135% of average net assets, and portfolio turnover was 37%.
BPAIX Fees and Expenses
Annual operating expenses and sales charges of BPAIX. Prospectus, as of July 3, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.70% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.15% |
| Gross expense ratio | 0.85% |
| Fee waiver | −0.05% |
| Net expense ratio | 0.80% |
| 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 |
BPAIX Costs Over Time
On $10,000 invested in BPAIX, assuming 5% a year before costs, total costs come to $511 over 5 years, cutting the return by 0.85% 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 0.80%) | $84 | $263 | $456 |
| Trading costs (broker commissions) | $1 | $4 | $8 |
| Lost growth on money paid in costs | $0 | $13 | $47 |
| Total costs | $85 | $280 | $511 |
| Value after costs | $10,415 | $11,296 | $12,252 |
| Impact on return, per year | 0.85% | 0.85% | 0.85% |
BPAIX 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): 0.0135%
- Total broker commissions: $191K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 37%
- Securities on loan, average value: $73.0M
- Net income from securities lending: $105K (0.007% of average net assets)
BPAIX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| NATIONAL FINANCIAL SERVICES LLC | $31K | 16.97% |
| RBC CAPITAL MARKETS LLC | $31K | 16.74% |
| MORGAN STANLEY & CO. LLC | $27K | 14.56% |
| MERRILL LYNCH PIERCE FENNER & SMITH INCORPORATED | $24K | 13.33% |
| GOLDMAN SACHS & CO. LLC | $24K | 13.05% |
| JEFFERIES LLC | $13K | 7.20% |
| J.P. MORGAN SECURITIES LLC | $12K | 6.46% |
| UBS ASSET MANAGEMENT (US) INC. | $11K | 6.26% |
| LIQUIDNET INC. | $8K | 4.23% |
| PENSERRA SECURITIES LLC | $2K | 1.20% |
Boston Partners All-Cap Value Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| BPARX | C000277321 | 0.74% | — |
| BPAIX | Institutional Class | 0.80% | — |
| BPAVX | Investor Class | 1.05% | — |
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.