BXTYX Fees and Costs — Barings Diversified Income Fund, Class A
Data updated: 2021-05-25
The net expense ratio is 0.80%: a 0.40% management fee, a 0.25% 12b-1 fee plus 2.58% other expenses, less a 2.43% fee waiver. This share class carries a maximum front-end sales load of 4.00% and a deferred sales charge of up to 1.00%. In fiscal 2020 the fund paid $2K in broker commissions, 0.0055% of average net assets, and portfolio turnover was 104%.
BXTYX Fees and Expenses
Annual operating expenses and sales charges of BXTYX. Prospectus, as of June 30, 2020.
| Annual operating expenses | |
|---|---|
| Management fee | 0.40% |
| 12b-1 fee | 0.25% |
| Other expenses | 2.58% |
| Gross expense ratio | 3.23% |
| Fee waiver | −2.43% |
| Net expense ratio | 0.80% |
| Sales charges | |
|---|---|
| Max front load | 4.00% |
| Max deferred load | 1.00% |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | Yes |
BXTYX Costs Over Time
On $10,000 invested in BXTYX, assuming 5% a year before costs, total costs come to $996 over 5 years, cutting the return by 1.69% 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 |
| Sales charges | $500 | $400 | $400 |
| Fund expenses (net expense ratio 0.80%) | $81 | $252 | $438 |
| Trading costs (broker commissions) | $1 | $2 | $3 |
| Lost growth on money paid in costs | $20 | $76 | $155 |
| Total costs | $601 | $729 | $996 |
| Value after costs | $9,899 | $10,847 | $11,767 |
| Impact on return, per year | 6.01% | 2.25% | 1.69% |
BXTYX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending June 30, 2020.
- Explicit cost rate (commissions ÷ average net assets): 0.0055%
- Total broker commissions: $2K
- Bought from dealers (principal trades, not a cost): $95.2M
- Portfolio turnover (prospectus): 104%
- Securities lending: none during the year
BXTYX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Morgan Stanley & Co. LLC | $2K | 100.00% |
BXTYX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| J.P. Morgan Securities LLC | $11.6M | 18.33% |
| Barclays Capital Inc. | $9.6M | 15.26% |
| Citigroup Global Markets Inc. | $8.4M | 13.25% |
| Goldman Sachs & Co. LLC | $7.1M | 11.20% |
| Wells Fargo Securities, LLC | $4.7M | 7.50% |
| Morgan Stanley & Co. LLC | $4.6M | 7.31% |
| Deutsche Bank Securities Inc. | $4.4M | 6.90% |
| Credit Suisse Securities (USA) LLC | $4.3M | 6.90% |
| MUFG Securities Americas Inc. | $4.3M | 6.78% |
| Nomura Securities International, Inc. | $4.2M | 6.58% |
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.