BPLEX Fees and Costs — Boston Partners Long/Short Equity Fund, Investor Class
Data updated: 2026-07-28
The net expense ratio is 2.01% (2.23% before fee waivers). There are no sales loads or redemption fees. In fiscal 2024 the fund paid $115K in broker commissions, 0.1880% of average net assets, and portfolio turnover was 54%.
BPLEX Fees and Expenses
Annual operating expenses and sales charges of BPLEX. Prospectus, as of July 3, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 1.60% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.32% |
| Gross expense ratio | 2.23% |
| Fee waiver | −0.22% |
| Net expense ratio | 2.01% |
| 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 |
BPLEX Costs Over Time
On $10,000 invested in BPLEX, assuming 5% a year before costs, total costs come to $1,342 over 5 years, cutting the return by 2.31% 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 2.01%) | $211 | $650 | $1,114 |
| Trading costs (broker commissions) | $20 | $61 | $104 |
| Lost growth on money paid in costs | $0 | $36 | $125 |
| Total costs | $231 | $747 | $1,342 |
| Value after costs | $10,269 | $10,830 | $11,421 |
| Impact on return, per year | 2.31% | 2.31% | 2.31% |
BPLEX 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): 0.1880%
- Total broker commissions: $115K
- Bought from dealers (principal trades, not a cost): $322K
- Portfolio turnover (prospectus): 54%
- Securities on loan, average value: $9.3M
- Net income from securities lending: $56K (0.092% of average net assets)
BPLEX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| RBC CAPITAL MARKETS LLC | $23K | 22.29% |
| MERRILL LYNCH PIERCE FENNER & SMITH INCORPORATED | $19K | 17.65% |
| J.P. MORGAN SECURITIES LLC | $13K | 12.32% |
| GOLDMAN SACHS & CO. LLC | $10K | 9.61% |
| MORGAN STANLEY & CO. LLC | $9K | 8.70% |
| UBS ASSET MANAGEMENT (US) INC. | $8K | 7.46% |
| JEFFERIES LLC | $8K | 7.35% |
| EVERCORE GROUP LLC | $6K | 5.51% |
| JONESTRADING INSTITUTIONAL SERVICES LLC | $6K | 5.25% |
| LIQUIDNET INC. | $4K | 3.85% |
BPLEX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| UBS ASSET MANAGEMENT (US) INC. | $164K | 50.56% |
| MORGAN STANLEY & CO. LLC | $158K | 48.90% |
| J.P. MORGAN SECURITIES LLC | $655 | 0.20% |
| BARCLAYS CAPITAL INC. | $510 | 0.16% |
| GOLDMAN SACHS & CO. LLC | $320 | 0.10% |
| MERRILL LYNCH PIERCE FENNER & SMITH INCORPORATED | $240 | 0.07% |
Boston Partners Long/Short Equity Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| BPLSX | Institutional Class | 1.76% | — |
| BPLEX | Investor Class | 2.01% | — |
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.