C000131103 Fees and Costs — JOHCM International Select Fund, Class II
Data updated: 2021-08-27
The net expense ratio is 1.23%: a 0.89% management fee, a 0.25% 12b-1 fee plus 0.09% other expenses. There are no sales loads or redemption fees. In fiscal 2020 the fund paid $4.2M in broker commissions, 0.0475% of average net assets, and portfolio turnover was 44%.
C000131103 Fees and Expenses
Annual operating expenses and sales charges of C000131103. Prospectus, as of January 31, 2021.
| Annual operating expenses | |
|---|---|
| Management fee | 0.89% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.09% |
| Gross expense ratio | 1.23% |
| Fee waiver | — |
| Net expense ratio | 1.23% |
| 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 |
C000131103 Costs Over Time
On $10,000 invested in C000131103, assuming 5% a year before costs, total costs come to $795 over 5 years, cutting the return by 1.34% 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 1.23%) | $129 | $402 | $695 |
| Trading costs (broker commissions) | $5 | $16 | $27 |
| Lost growth on money paid in costs | $0 | $21 | $73 |
| Total costs | $134 | $438 | $795 |
| Value after costs | $10,366 | $11,138 | $11,968 |
| Impact on return, per year | 1.34% | 1.34% | 1.34% |
C000131103 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): 0.0475%
- Total broker commissions: $4.2M
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 44%
- Securities lending: none during the year
C000131103 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| J.P. MORGAN SECURITIES PLC | $715K | 20.35% |
| UBS AG | $476K | 13.56% |
| CREDIT SUISSE SECURITIES (EUROPE) LIMITED | $434K | 12.36% |
| LIQUIDNET EUROPE LIMITED | $397K | 11.30% |
| GOLDMAN SACHS INTERNATIONAL | $290K | 8.26% |
| MERRILL LYNCH INTERNATIONAL | $265K | 7.53% |
| JEFFERIES INTERNATIONAL LIMITED | $260K | 7.39% |
| VIRTU ITG EUROPE LIMITED | $238K | 6.78% |
| Daiwa Capital Markets Hong Kong Limited | $221K | 6.30% |
| CREDIT AGRICOLE SECURITIES (USA) INC. | $216K | 6.16% |
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.