BUVIX Fees and Costs — Brandes U.S. Value Fund, Class I
Data updated: 2023-08-24
The net expense ratio is 0.71%: a 0.55% management fee plus 3.57% other expenses, less a 3.42% fee waiver. There are no sales loads or redemption fees. In fiscal 2022 the fund paid $2K in broker commissions, 0.0588% of average net assets, and portfolio turnover was 15%.
BUVIX Fees and Expenses
Annual operating expenses and sales charges of BUVIX. Prospectus, as of January 31, 2023.
| Annual operating expenses | |
|---|---|
| Management fee | 0.55% |
| 12b-1 fee | 0.00% |
| Other expenses | 3.57% |
| Gross expense ratio | 4.13% |
| Fee waiver | −3.42% |
| Net expense ratio | 0.71% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| Max deferred load | 0.00% |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | Yes |
BUVIX Costs Over Time
On $10,000 invested in BUVIX, assuming 5% a year before costs, total costs come to $483 over 5 years, cutting the return by 0.81% 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 0.71%) | $75 | $233 | $405 |
| Trading costs (broker commissions) | $6 | $19 | $34 |
| Lost growth on money paid in costs | $0 | $12 | $44 |
| Total costs | $81 | $265 | $483 |
| Value after costs | $10,419 | $11,311 | $12,280 |
| Impact on return, per year | 0.81% | 0.81% | 0.81% |
BUVIX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending September 30, 2022.
- Explicit cost rate (commissions ÷ average net assets): 0.0588%
- Total broker commissions: $2K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 15%
- Securities lending: none during the year
BUVIX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Sanford C. Bernstein & Co. LLC | $546 | 28.13% |
| Jefferies LLC | $422 | 21.75% |
| Proof Services LLC | $374 | 19.27% |
| MERRILL LYNCH PF&S INC | $337 | 17.37% |
| Wells Fargo Advisors Clearing Services LLC | $105 | 5.39% |
| Cowen and Company | $97 | 4.98% |
| RBC Dominion Securities | $21 | 1.10% |
| UBS Securities | $14 | 0.70% |
| Credit Suisse Securities (USA) LLC | $13 | 0.69% |
| Goldman Sachs & Co LLC | $12 | 0.63% |
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.