C000129742 Fees and Costs — Barings Global Credit Income Opportunities Fund, Class I
Data updated: 2021-11-24
The net expense ratio is 0.95%: a 0.75% management fee plus 0.33% other expenses, less a 0.13% fee waiver. There are no sales loads or redemption fees. In fiscal 2021 the fund paid $196 in broker commissions, 0.0001% of average net assets, and portfolio turnover was 71%.
C000129742 Fees and Expenses
Annual operating expenses and sales charges of C000129742. Prospectus, as of June 30, 2021.
| Annual operating expenses | |
|---|---|
| Management fee | 0.75% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.33% |
| Gross expense ratio | 1.08% |
| Fee waiver | −0.13% |
| Net expense ratio | 0.95% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| Max deferred load | 0.00% |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | Yes |
C000129742 Costs Over Time
On $10,000 invested in C000129742, assuming 5% a year before costs, total costs come to $595 over 5 years, cutting the return by 1.00% 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 0.95%) | $100 | $311 | $540 |
| Trading costs (broker commissions) | $0 | $0 | $0 |
| Lost growth on money paid in costs | $0 | $15 | $55 |
| Total costs | $100 | $327 | $595 |
| Value after costs | $10,400 | $11,249 | $12,168 |
| Impact on return, per year | 1.00% | 1.00% | 1.00% |
C000129742 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
C000129742 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Morgan Stanley & Co. LLC | $196 | 100.00% |
C000129742 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.