C000069641 Fees and Costs — T. Rowe Price Institutional Global Growth Equity Fund
Data updated: 2020-01-10
The net expense ratio is 0.73%: a 0.65% management fee plus 0.08% other expenses. This share class carries a redemption fee of 2.00%. In fiscal 2019 the fund paid $158K in broker commissions, 0.0587% of average net assets, and portfolio turnover was 76%.
C000069641 Fees and Expenses
Annual operating expenses and sales charges of C000069641. Prospectus, as of February 28, 2019.
| Annual operating expenses | |
|---|---|
| Management fee | 0.65% |
| 12b-1 fee | — |
| Other expenses | 0.08% |
| Gross expense ratio | 0.73% |
| Fee waiver | — |
| Net expense ratio | 0.73% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | 2.00% |
| Expense limitation in place (N-CEN) | No |
| Fees waived or reduced during the year | No |
| Waived fees subject to recoupment | No |
C000069641 Costs Over Time
On $10,000 invested in C000069641, assuming 5% a year before costs, total costs come to $495 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 0.73%) | $77 | $240 | $417 |
| Trading costs (broker commissions) | $6 | $19 | $33 |
| Lost growth on money paid in costs | $0 | $13 | $45 |
| Total costs | $83 | $272 | $495 |
| Value after costs | $10,417 | $11,304 | $12,267 |
| Impact on return, per year | 0.83% | 0.83% | 0.83% |
C000069641 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): 0.0587%
- Total broker commissions: $158K
- Bought from dealers (principal trades, not a cost): $1.3M
- Portfolio turnover (prospectus): 76%
- Securities on loan, average value: $12.7M
- Net income from securities lending: $60K (0.022% of average net assets)
C000069641 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| CITIC SECURITIES | $16K | 15.07% |
| Morgan Stanley | $14K | 13.49% |
| Citigroup, Inc. | $12K | 11.41% |
| JP MORGAN CHASE & CO. | $12K | 11.32% |
| UBS Group AG | $12K | 11.01% |
| Bank of America Corporation | $9K | 8.70% |
| HSBC HOLDINGS PLC | $9K | 8.57% |
| Jefferies Financial Group Inc. | $8K | 7.21% |
| The Goldman Sachs Group, Inc. | $8K | 7.08% |
| Credit Suisse Group AG | $7K | 6.14% |
C000069641 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| The Goldman Sachs Group, Inc. | $329K | 27.14% |
| Allen & Company LLC | $263K | 21.71% |
| BARCLAYS PLC | $235K | 19.40% |
| Citigroup Inc. | $105K | 8.67% |
| JP MORGAN CHASE & CO. | $91K | 7.50% |
| Wells Fargo & Company | $77K | 6.37% |
| UBS Group AG | $28K | 2.30% |
| BNP PARIBAS | $28K | 2.30% |
| Credit Suisse Group AG | $28K | 2.30% |
| AXIS BANK LIMITED | $28K | 2.30% |
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.