BPEMX Fees and Costs — Boston Partners Emerging Markets Fund, Institutional Class
Data updated: 2024-07-29
The net expense ratio is 1.00%: a 0.75% management fee plus 0.79% other expenses, less a 0.54% fee waiver. There are no sales loads or redemption fees. In fiscal 2023 the fund paid $64K in broker commissions, 0.2955% of average net assets, and portfolio turnover was 153%.
BPEMX Fees and Expenses
Annual operating expenses and sales charges of BPEMX. Prospectus, as of April 30, 2024.
| Annual operating expenses | |
|---|---|
| Management fee | 0.75% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.79% |
| Gross expense ratio | 1.54% |
| Fee waiver | −0.54% |
| Net expense ratio | 1.00% |
| 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 |
BPEMX Costs Over Time
On $10,000 invested in BPEMX, assuming 5% a year before costs, total costs come to $806 over 5 years, cutting the return by 1.36% 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 | $327 | $565 |
| Trading costs (broker commissions) | $31 | $97 | $167 |
| Lost growth on money paid in costs | $0 | $21 | $74 |
| Total costs | $136 | $444 | $806 |
| Value after costs | $10,364 | $11,132 | $11,957 |
| Impact on return, per year | 1.36% | 1.36% | 1.36% |
BPEMX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending August 31, 2023.
- Explicit cost rate (commissions ÷ average net assets): 0.2955%
- Total broker commissions: $64K
- Bought from dealers (principal trades, not a cost): $701K
- Portfolio turnover (prospectus): 153%
- Securities lending: none during the year
BPEMX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| J.P. MORGAN SECURITIES LLC | $15K | 26.61% |
| HSBC SECURITIES (USA) INC. | $8K | 14.43% |
| MACQUARIE CAPITAL (USA) INC. | $6K | 11.02% |
| CLSA AMERICAS LLC | $5K | 9.27% |
| GOLDMAN SACHS & CO. LLC | $4K | 7.18% |
| BESTEX RESEARCH SECURITIES LLC | $4K | 6.96% |
| MORGAN STANLEY & CO. LLC | $4K | 6.78% |
| UBS ASSET MANAGEMENT (US) INC. | $4K | 6.48% |
| MERRILL LYNCH PIERCE FENNER & SMITH INCORPORATED | $4K | 6.40% |
| RBC CAPITAL MARKETS LLC | $3K | 4.87% |
BPEMX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| J.P. MORGAN SECURITIES LLC | $591K | 84.21% |
| HSBC SECURITIES (USA) INC. | $111K | 15.79% |
| BROWN BROTHERS HARRIMAN INVESTMENTS LLC | $1 | 0.00% |
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.