C000131099 Fees and Costs — JOHCM Global Equity Fund, Institutional Shares
Data updated: 2021-08-27
The net expense ratio is 0.99%: a 0.89% management fee plus 0.11% other expenses, less a 0.01% fee waiver. There are no sales loads or redemption fees. In fiscal 2020 the fund paid $189K in broker commissions, 0.0458% of average net assets, and portfolio turnover was 40%.
C000131099 Fees and Expenses
Annual operating expenses and sales charges of C000131099. Prospectus, as of January 31, 2021.
| Annual operating expenses | |
|---|---|
| Management fee | 0.89% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.11% |
| Gross expense ratio | 1.00% |
| Fee waiver | −0.01% |
| Net expense ratio | 0.99% |
| 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 | No |
| Waived fees subject to recoupment | No |
C000131099 Costs Over Time
On $10,000 invested in C000131099, assuming 5% a year before costs, total costs come to $647 over 5 years, cutting the return by 1.09% 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 0.99%) | $104 | $324 | $562 |
| Trading costs (broker commissions) | $5 | $15 | $26 |
| Lost growth on money paid in costs | $0 | $17 | $59 |
| Total costs | $109 | $356 | $647 |
| Value after costs | $10,391 | $11,220 | $12,115 |
| Impact on return, per year | 1.09% | 1.09% | 1.09% |
C000131099 Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending September 30, 2020.
- Explicit cost rate (commissions ÷ average net assets): 0.0458%
- Total broker commissions: $189K
- Bought from dealers (principal trades, not a cost): $18K
- Portfolio turnover (prospectus): 40%
- Securities lending: none during the year
C000131099 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| MERRILL LYNCH INTERNATIONAL | $40K | 25.00% |
| J.P. MORGAN SECURITIES PLC | $26K | 16.56% |
| CREDIT SUISSE SECURITIES (EUROPE) LIMITED | $22K | 14.11% |
| GOLDMAN SACHS INTERNATIONAL | $16K | 10.28% |
| LIQUIDNET EUROPE LIMITED | $15K | 9.47% |
| JEFFERIES INTERNATIONAL LIMITED | $10K | 6.48% |
| CREDIT AGRICOLE SECURITIES (USA) INC. | $9K | 5.63% |
| UBS AG | $8K | 5.29% |
| BARCLAYS CAPITAL SECURITIES LIMITED | $6K | 3.66% |
| RBC EUROPE LIMITED | $6K | 3.52% |
C000131099 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| MERRILL LYNCH, PIERCE, FENNER & SMITH INCORPORATED | $15K | 81.35% |
| MORGAN STANLEY | $3K | 18.65% |
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.