C000005465 Fees and Costs — T. Rowe Price Institutional International Growth Equity Fund
Data updated: 2020-09-25
The net expense ratio is 0.75%: a 0.70% management fee plus 0.53% other expenses, less a 0.48% fee waiver. There are no sales loads or redemption fees. In fiscal 2019 the fund paid $24K in broker commissions, 0.0432% of average net assets, and portfolio turnover was 36%.
C000005465 Fees and Expenses
Annual operating expenses and sales charges of C000005465. Prospectus, as of February 29, 2020.
| Annual operating expenses | |
|---|---|
| Management fee | 0.70% |
| 12b-1 fee | — |
| Other expenses | 0.53% |
| Gross expense ratio | 1.23% |
| Fee waiver | −0.48% |
| Net expense ratio | 0.75% |
| 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 |
C000005465 Costs Over Time
On $10,000 invested in C000005465, assuming 5% a year before costs, total costs come to $498 over 5 years, cutting the return by 0.83% 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 0.75%) | $79 | $246 | $428 |
| Trading costs (broker commissions) | $5 | $14 | $25 |
| Lost growth on money paid in costs | $0 | $13 | $46 |
| Total costs | $83 | $273 | $498 |
| Value after costs | $10,417 | $11,303 | $12,265 |
| Impact on return, per year | 0.83% | 0.83% | 0.83% |
C000005465 Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending October 31, 2019.
- Explicit cost rate (commissions ÷ average net assets): 0.0432%
- Total broker commissions: $24K
- Bought from dealers (principal trades, not a cost): $927K
- Portfolio turnover (prospectus): 36%
- Securities on loan, average value: $651K
- Net income from securities lending: $8K (0.014% of average net assets)
C000005465 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| The Goldman Sachs Group, Inc. | $3K | 16.52% |
| Morgan Stanley | $2K | 12.29% |
| JP MORGAN CHASE & CO. | $2K | 12.14% |
| UBS Group AG | $2K | 11.37% |
| Bank of America Corporation | $2K | 10.50% |
| Citigroup, Inc. | $1K | 9.15% |
| Deutsche Bank Aktiengesellschaft | $1K | 7.78% |
| Credit Suisse Group AG | $1K | 7.06% |
| CITIC SECURITIES | $1K | 6.64% |
| BNP PARIBAS | $1K | 6.55% |
C000005465 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Morgan Stanley | $423K | 45.89% |
| The Goldman Sachs Group, Inc. | $214K | 23.27% |
| JP MORGAN CHASE & CO. | $204K | 22.15% |
| Citigroup Inc. | $30K | 3.30% |
| UBS Group AG | $9K | 0.93% |
| BNP PARIBAS | $9K | 0.93% |
| Credit Suisse Group AG | $9K | 0.93% |
| AXIS BANK LIMITED | $9K | 0.93% |
| HSBC HOLDINGS PLC | $9K | 0.93% |
| BARCLAYS PLC | $7K | 0.76% |
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.