BPCIX Fees and Costs — Boston Partners Global Equity Advantage Fund, Institutional Class
Data updated: 2022-01-27
The net expense ratio is 1.05% (2.17% before fee waivers). There are no sales loads or redemption fees. In fiscal 2021 the fund paid $30K in broker commissions, 0.0725% of average net assets, and portfolio turnover was 124%.
BPCIX Fees and Expenses
Annual operating expenses and sales charges of BPCIX. Prospectus, as of December 31, 2020.
| Annual operating expenses | |
|---|---|
| Management fee | 1.00% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.70% |
| Gross expense ratio | 2.17% |
| Fee waiver | −1.12% |
| Net expense ratio | 1.05% |
| 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 |
BPCIX Costs Over Time
On $10,000 invested in BPCIX, assuming 5% a year before costs, total costs come to $700 over 5 years, cutting the return by 1.18% 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 1.05%) | $110 | $344 | $595 |
| Trading costs (broker commissions) | $8 | $24 | $41 |
| Lost growth on money paid in costs | $0 | $18 | $64 |
| Total costs | $118 | $385 | $700 |
| Value after costs | $10,382 | $11,191 | $12,062 |
| Impact on return, per year | 1.18% | 1.18% | 1.18% |
BPCIX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending August 31, 2021.
- Explicit cost rate (commissions ÷ average net assets): 0.0725%
- Total broker commissions: $30K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 124%
- Securities lending: none during the year
BPCIX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| J.P. MORGAN CHASE | $5K | 24.14% |
| DAIWA BANK LTD. | $3K | 13.41% |
| MORGAN STANLEY & CO. INC. | $3K | 12.03% |
| GOLDMAN SACHS & CO | $2K | 10.16% |
| UBS FINANCIAL SERVICES INC. | $2K | 7.88% |
| CREDIT SUISSE | $2K | 7.20% |
| CITIGROUP GLOBAL MARKETS INC. | $2K | 7.14% |
| R.B.C. DOMINION SECURITIES INC. | $2K | 7.08% |
| JEFFERIES & COMPANY INC. | $1K | 5.96% |
| MACQUARIE | $1K | 4.99% |
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.