C000069401 Fees and Costs — Brandes Global Equity Fund, Class I
Data updated: 2024-08-27
The net expense ratio is 1.00%: a 0.80% management fee plus 0.41% other expenses, less a 0.21% fee waiver. There are no sales loads or redemption fees. In fiscal 2023 the fund paid $12K in broker commissions, 0.0286% of average net assets, and portfolio turnover was 17%.
C000069401 Fees and Expenses
Annual operating expenses and sales charges of C000069401. Prospectus, as of January 31, 2024.
| Annual operating expenses | |
|---|---|
| Management fee | 0.80% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.41% |
| Gross expense ratio | 1.21% |
| Fee waiver | −0.21% |
| Net expense ratio | 1.00% |
| 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 |
C000069401 Costs Over Time
On $10,000 invested in C000069401, assuming 5% a year before costs, total costs come to $643 over 5 years, cutting the return by 1.08% 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 1.00%) | $105 | $328 | $568 |
| Trading costs (broker commissions) | $3 | $9 | $16 |
| Lost growth on money paid in costs | $0 | $17 | $59 |
| Total costs | $108 | $354 | $643 |
| Value after costs | $10,392 | $11,223 | $12,120 |
| Impact on return, per year | 1.08% | 1.08% | 1.08% |
C000069401 Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending September 30, 2023.
- Explicit cost rate (commissions ÷ average net assets): 0.0286%
- Total broker commissions: $12K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 17%
- Securities on loan, average value: $235K
- Net income from securities lending: $2K (0.004% of average net assets)
C000069401 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Morgan Stanley & Co. LLC | $2K | 15.09% |
| Sanford C. Bernstein & Co. LLC | $2K | 13.97% |
| MERRILL LYNCH PF&S INC | $1K | 13.33% |
| Jefferies LLC | $1K | 12.77% |
| HSBC Securities (USA) Inc | $1K | 12.31% |
| MACQUARIE EQUITIES LTD | $1K | 10.69% |
| UBS Securities | $917 | 8.47% |
| SALOMON BROTHERS INC. | $694 | 6.42% |
| ISI Security Group, Inc. | $458 | 4.23% |
| Mischler Financial Group Inc. | $294 | 2.71% |
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.