C000118953 Fees and Costs — Mercer Global Low Volatility Equity Fund, Class Y-3
Data updated: 2025-02-12
The net expense ratio is 0.32%: a 0.74% management fee plus 0.07% other expenses, less a 0.49% fee waiver. This share class carries a redemption fee of 2.00%. In fiscal 2024 the fund paid $181K in broker commissions, 0.0175% of average net assets, and portfolio turnover was 27%.
C000118953 Fees and Expenses
Annual operating expenses and sales charges of C000118953. Prospectus, as of March 31, 2024.
| Annual operating expenses | |
|---|---|
| Management fee | 0.74% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.07% |
| Gross expense ratio | 0.81% |
| Fee waiver | −0.49% |
| Net expense ratio | 0.32% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | 2.00% |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | No |
C000118953 Costs Over Time
On $10,000 invested in C000118953, assuming 5% a year before costs, total costs come to $214 over 5 years, cutting the return by 0.35% 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 0.32%) | $34 | $106 | $184 |
| Trading costs (broker commissions) | $2 | $6 | $10 |
| Lost growth on money paid in costs | $0 | $5 | $19 |
| Total costs | $35 | $117 | $214 |
| Value after costs | $10,465 | $11,459 | $12,549 |
| Impact on return, per year | 0.35% | 0.35% | 0.35% |
C000118953 Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending March 31, 2024.
- Explicit cost rate (commissions ÷ average net assets): 0.0175%
- Total broker commissions: $181K
- Bought from dealers (principal trades, not a cost): $56K
- Portfolio turnover (prospectus): 27%
- Securities on loan, average value: $15.5M
- Net income from securities lending: $49K (0.005% of average net assets)
C000118953 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Goldman Sachs & Co. LLC | $21K | 14.22% |
| J.P. Morgan Securities LLC | $19K | 13.12% |
| Morgan Stanley & Co. LLC | $18K | 12.35% |
| Nomura Securities International, Inc. | $18K | 12.20% |
| Cowen and Company, LLC | $15K | 10.18% |
| UBS Securities LLC | $15K | 9.91% |
| RBC Capital Markets, LLC | $14K | 9.17% |
| BofA Securities, Inc. | $11K | 7.70% |
| BNP Paribas Securities Corp. | $9K | 6.34% |
| HSBC Securities (USA) Inc. | $7K | 4.80% |
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.