C000034242 Fees and Costs — T. Rowe Price Institutional Global Focused Growth Equity Fund
Data updated: 2020-01-10
The net expense ratio is 0.75%: a 0.65% management fee plus 0.52% other expenses, less a 0.42% fee waiver. This share class carries a redemption fee of 2.00%. In fiscal 2019 the fund paid $34K in broker commissions, 0.0784% of average net assets, and portfolio turnover was 112%.
C000034242 Fees and Expenses
Annual operating expenses and sales charges of C000034242. Prospectus, as of February 28, 2019.
| Annual operating expenses | |
|---|---|
| Management fee | 0.65% |
| 12b-1 fee | — |
| Other expenses | 0.52% |
| Gross expense ratio | 1.17% |
| Fee waiver | −0.42% |
| Net expense ratio | 0.75% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | 2.00% |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | Yes |
C000034242 Costs Over Time
On $10,000 invested in C000034242, assuming 5% a year before costs, total costs come to $520 over 5 years, cutting the return by 0.87% 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) | $8 | $26 | $45 |
| Lost growth on money paid in costs | $0 | $13 | $48 |
| Total costs | $87 | $285 | $520 |
| Value after costs | $10,413 | $11,291 | $12,243 |
| Impact on return, per year | 0.87% | 0.87% | 0.87% |
C000034242 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): 0.0784%
- Total broker commissions: $34K
- Bought from dealers (principal trades, not a cost): $547K
- Portfolio turnover (prospectus): 112%
- Securities on loan, average value: $1.4M
- Net income from securities lending: $15K (0.034% of average net assets)
C000034242 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Morgan Stanley | $4K | 17.86% |
| UBS Group AG | $3K | 15.52% |
| Credit Suisse Group AG | $2K | 11.28% |
| Bank of America Corporation | $2K | 10.03% |
| Jefferies Financial Group Inc. | $2K | 9.86% |
| CITIC SECURITIES | $2K | 8.42% |
| The Goldman Sachs Group, Inc. | $2K | 7.62% |
| Citigroup, Inc. | $1K | 6.77% |
| JP MORGAN CHASE & CO. | $1K | 6.42% |
| Deutsche Bank Aktiengesellschaft | $1K | 6.23% |
C000034242 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| The Goldman Sachs Group, Inc. | $155K | 28.68% |
| JP MORGAN CHASE & CO. | $147K | 27.25% |
| Cowen and Company, LLC | $102K | 18.96% |
| Allen & Company LLC | $42K | 7.72% |
| Morgan Stanley | $41K | 7.51% |
| Credit Suisse Group AG | $30K | 5.59% |
| Citigroup Inc. | $19K | 3.50% |
| Wells Fargo & Company | $2K | 0.28% |
| BARCLAYS PLC | $1K | 0.26% |
| EVERCORE GROUP L.L.C. | $1K | 0.25% |
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.