C000116977 Fees and Costs — BrandywineGLOBAL - International Opportunities Bond Fund, Class C
Data updated: 2021-11-24
The net expense ratio is 1.76%: a 0.50% management fee, a 1.00% 12b-1 fee plus 0.81% other expenses, less a 0.56% fee waiver. This share class carries a deferred sales charge of up to 1.00%. In fiscal 2020 the fund paid $135 in broker commissions, 0.0002% of average net assets, and portfolio turnover was 135%.
C000116977 Fees and Expenses
Annual operating expenses and sales charges of C000116977. Prospectus, as of April 30, 2021.
| Annual operating expenses | |
|---|---|
| Management fee | 0.50% |
| 12b-1 fee | 1.00% |
| Other expenses | 0.81% |
| Gross expense ratio | 2.32% |
| Fee waiver | −0.56% |
| Net expense ratio | 1.76% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| Max deferred load | 1.00% |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | Yes |
C000116977 Costs Over Time
On $10,000 invested in C000116977, assuming 5% a year before costs, total costs come to $1,084 over 5 years, cutting the return by 1.85% 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 |
| Sales charges | $103 | $0 | $0 |
| Fund expenses (net expense ratio 1.76%) | $185 | $572 | $984 |
| Trading costs (broker commissions) | $0 | $0 | $0 |
| Lost growth on money paid in costs | $0 | $28 | $100 |
| Total costs | $288 | $601 | $1,084 |
| Value after costs | $10,212 | $10,976 | $11,678 |
| Impact on return, per year | 2.88% | 1.85% | 1.85% |
C000116977 Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending December 31, 2020.
- Explicit cost rate (commissions ÷ average net assets): 0.0002%
- Total broker commissions: $135
- Bought from dealers (principal trades, not a cost): $213.4M
- Portfolio turnover (prospectus): 135%
- Securities lending: none during the year
C000116977 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| CitiGroup Global Markets Inc. | $135 | 100.00% |
C000116977 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| HSBC SECURITIES (USA), INC. | $40.0M | 22.48% |
| J.P. Morgan Securities LLC | $39.2M | 22.03% |
| CitiGroup Global Markets Inc. | $26.1M | 14.70% |
| DEUTSCHE BANK SECURITIES, INC. | $20.3M | 11.43% |
| SCOTIA CAPITAL (USA), INC. | $13.7M | 7.69% |
| Merrill Lynch Professional Clearing Corp. | $11.1M | 6.23% |
| TD SECURITIES (USA) LLC | $10.7M | 6.01% |
| Mizuho Securities USA LLC | $6.1M | 3.44% |
| BMO CAPITAL MARKETS CORP. | $5.8M | 3.26% |
| RBC CAPITAL MARKETS LLC | $4.8M | 2.72% |
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.