C000062668 Fees and Costs — T. Rowe Price Institutional Africa & Middle East Fund
Data updated: 2020-06-25
The net expense ratio is 1.31%: a 1.00% management fee plus 0.31% other expenses. There are no sales loads or redemption fees. In fiscal 2019 the fund paid $298K in broker commissions, 0.2998% of average net assets, and portfolio turnover was 40%.
C000062668 Fees and Expenses
Annual operating expenses and sales charges of C000062668. Prospectus, as of February 29, 2020.
| Annual operating expenses | |
|---|---|
| Management fee | 1.00% |
| 12b-1 fee | — |
| Other expenses | 0.31% |
| Gross expense ratio | 1.31% |
| Fee waiver | — |
| Net expense ratio | 1.31% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | No |
| Fees waived or reduced during the year | No |
| Waived fees subject to recoupment | No |
C000062668 Costs Over Time
On $10,000 invested in C000062668, assuming 5% a year before costs, total costs come to $995 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 |
| Fund expenses (net expense ratio 1.31%) | $138 | $426 | $735 |
| Trading costs (broker commissions) | $31 | $98 | $168 |
| Lost growth on money paid in costs | $0 | $26 | $92 |
| Total costs | $169 | $550 | $995 |
| Value after costs | $10,331 | $11,026 | $11,768 |
| Impact on return, per year | 1.69% | 1.69% | 1.69% |
C000062668 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): 0.2998%
- Total broker commissions: $298K
- Bought from dealers (principal trades, not a cost): $3.9M
- Portfolio turnover (prospectus): 40%
- Securities lending: none during the year
C000062668 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Morgan Stanley | $79K | 29.22% |
| JP MORGAN CHASE & CO. | $36K | 13.47% |
| EXOTIX PARTNERS LLP | $33K | 12.44% |
| Deutsche Bank Aktiengesellschaft | $29K | 10.87% |
| Credit Suisse Group AG | $27K | 10.13% |
| Bank of America Corporation | $22K | 8.24% |
| HSBC HOLDINGS PLC | $12K | 4.62% |
| Onexim Group Limited | $12K | 4.56% |
| INVESTEC PLC | $9K | 3.35% |
| Citigroup, Inc. | $8K | 3.10% |
C000062668 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Onexim Group Limited | $2.6M | 68.71% |
| Morgan Stanley | $189K | 4.96% |
| Citigroup Inc. | $189K | 4.96% |
| JP MORGAN CHASE & CO. | $189K | 4.96% |
| Standard Chartered Bank | $122K | 3.21% |
| Jefferies Financial Group Inc. | $122K | 3.21% |
| Bank of America Corporation | $122K | 3.21% |
| EFG Hermes KSA | $122K | 3.21% |
| The Goldman Sachs Group, Inc. | $75K | 1.98% |
| BARCLAYS PLC | $60K | 1.59% |
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.