C000092968 Fees and Costs — T. Rowe Price Institutional International Core Equity Fund
Data updated: 2020-09-25
The net expense ratio is 0.75%: a 0.65% management fee plus 0.73% other expenses, less a 0.63% fee waiver. There are no sales loads or redemption fees. In fiscal 2019 the fund paid $18K in broker commissions, 0.0477% of average net assets, and portfolio turnover was 33%.
C000092968 Fees and Expenses
Annual operating expenses and sales charges of C000092968. Prospectus, as of February 29, 2020.
| Annual operating expenses | |
|---|---|
| Management fee | 0.65% |
| 12b-1 fee | — |
| Other expenses | 0.73% |
| Gross expense ratio | 1.38% |
| Fee waiver | −0.63% |
| 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 |
C000092968 Costs Over Time
On $10,000 invested in C000092968, assuming 5% a year before costs, total costs come to $501 over 5 years, cutting the return by 0.84% 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 | $16 | $27 |
| Lost growth on money paid in costs | $0 | $13 | $46 |
| Total costs | $84 | $275 | $501 |
| Value after costs | $10,416 | $11,301 | $12,262 |
| Impact on return, per year | 0.84% | 0.84% | 0.84% |
C000092968 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): 0.0477%
- Total broker commissions: $18K
- Bought from dealers (principal trades, not a cost): $14K
- Portfolio turnover (prospectus): 33%
- Securities on loan, average value: $546K
- Net income from securities lending: $9K (0.024% of average net assets)
C000092968 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Deutsche Bank Aktiengesellschaft | $5K | 37.40% |
| The Goldman Sachs Group, Inc. | $3K | 18.27% |
| Bank of America Corporation | $2K | 12.55% |
| UBS Group AG | $869 | 6.01% |
| Citigroup, Inc. | $816 | 5.64% |
| Morgan Stanley | $792 | 5.47% |
| Credit Suisse Group AG | $697 | 4.82% |
| Macquarie Group Limited | $649 | 4.48% |
| JP MORGAN CHASE & CO. | $396 | 2.74% |
| Jefferies Financial Group Inc. | $380 | 2.63% |
C000092968 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Morgan Stanley | $3K | 19.99% |
| Bank of America Corporation | $3K | 19.99% |
| The Goldman Sachs Group, Inc. | $3K | 19.99% |
| Nomura Holdings, Inc. | $3K | 19.99% |
| Mizuho Financial Group, Inc. | $3K | 19.99% |
| UBS Group AG | $9 | 0.06% |
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.