C000129739 Fees and Costs — Barings Global Credit Income Opportunities Fund, Class A
Data updated: 2021-11-24
The net expense ratio is 1.20%: a 0.75% management fee, a 0.25% 12b-1 fee plus 0.39% other expenses, less a 0.19% fee waiver. This share class carries a maximum front-end sales load of 4.00% and a deferred sales charge of up to 1.00%. In fiscal 2021 the fund paid $196 in broker commissions, 0.0001% of average net assets, and portfolio turnover was 71%.
C000129739 Fees and Expenses
Annual operating expenses and sales charges of C000129739. Prospectus, as of June 30, 2021.
| Annual operating expenses | |
|---|---|
| Management fee | 0.75% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.39% |
| Gross expense ratio | 1.39% |
| Fee waiver | −0.19% |
| Net expense ratio | 1.20% |
| Sales charges | |
|---|---|
| Max front load | 4.00% |
| 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 |
C000129739 Costs Over Time
On $10,000 invested in C000129739, assuming 5% a year before costs, total costs come to $1,228 over 5 years, cutting the return by 2.10% 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 | $500 | $400 | $400 |
| Fund expenses (net expense ratio 1.20%) | $121 | $377 | $652 |
| Trading costs (broker commissions) | $0 | $0 | $0 |
| Lost growth on money paid in costs | $20 | $82 | $176 |
| Total costs | $641 | $858 | $1,228 |
| Value after costs | $9,859 | $10,718 | $11,535 |
| Impact on return, per year | 6.41% | 2.66% | 2.10% |
C000129739 Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending June 30, 2021.
- Explicit cost rate (commissions ÷ average net assets): 0.0001%
- Total broker commissions: $196
- Bought from dealers (principal trades, not a cost): $228.2M
- Portfolio turnover (prospectus): 71%
- Securities lending: none during the year
C000129739 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Morgan Stanley & Co. LLC | $196 | 100.00% |
C000129739 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| J.P. Morgan Securities LLC | $36.9M | 20.53% |
| State Street Bank and Trust Company | $26.2M | 14.54% |
| Citigroup Global Markets Inc. | $25.5M | 14.16% |
| BofA Securities, Inc. | $22.8M | 12.66% |
| Barclays Capital Inc. | $15.3M | 8.48% |
| Morgan Stanley & Co. LLC | $14.5M | 8.06% |
| Goldman Sachs & Co. LLC | $14.2M | 7.91% |
| Deutsche Bank Securities Inc. | $9.6M | 5.32% |
| Credit Suisse Securities (USA) LLC | $8.4M | 4.66% |
| Jefferies LLC | $6.6M | 3.68% |
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.