C000132049 Fees and Costs — BrandywineGLOBAL - Global High Yield Fund, Class FI
Data updated: 2022-05-20
The net expense ratio is 1.15%: a 0.65% management fee, a 0.25% 12b-1 fee plus 0.85% other expenses, less a 0.60% fee waiver. There are no sales loads or redemption fees. In fiscal 2021 the fund paid $45 in broker commissions, 0.0001% of average net assets, and portfolio turnover was 76%.
C000132049 Fees and Expenses
Annual operating expenses and sales charges of C000132049. Prospectus, as of January 31, 2022.
| Annual operating expenses | |
|---|---|
| Management fee | 0.65% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.85% |
| Gross expense ratio | 1.75% |
| Fee waiver | −0.60% |
| Net expense ratio | 1.15% |
| 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 |
C000132049 Costs Over Time
On $10,000 invested in C000132049, assuming 5% a year before costs, total costs come to $717 over 5 years, cutting the return by 1.21% 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 1.15%) | $121 | $376 | $651 |
| Trading costs (broker commissions) | $0 | $0 | $0 |
| Lost growth on money paid in costs | $0 | $19 | $66 |
| Total costs | $121 | $395 | $717 |
| Value after costs | $10,379 | $11,181 | $12,046 |
| Impact on return, per year | 1.21% | 1.21% | 1.21% |
C000132049 Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending September 30, 2021.
- Explicit cost rate (commissions ÷ average net assets): 0.0001%
- Total broker commissions: $45
- Bought from dealers (principal trades, not a cost): $63.8M
- Portfolio turnover (prospectus): 76%
- Securities lending: none during the year
C000132049 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| CITIGROUP GLOBAL MARKETS INC. | $22 | 50.00% |
| MORGAN STANLEY & CO. LLC | $22 | 50.00% |
C000132049 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| CitiGroup Global Markets Inc. | $8.5M | 16.68% |
| J.P. Morgan Securities LLC | $8.4M | 16.34% |
| MORGAN STANLEY & CO. LLC | $8.1M | 15.92% |
| Merrill Lynch Professional Clearing Corp. | $7.4M | 14.50% |
| BARCLAYS CAPITAL, INC. | $5.3M | 10.33% |
| JEFFERIES LLC | $3.2M | 6.33% |
| HSBC SECURITIES (USA), INC. | $3.0M | 5.79% |
| GOLDMAN SACHS & CO. LLC | $2.9M | 5.76% |
| MARKETAXESS CORPORATION | $2.8M | 5.44% |
| UBS SECURITIES LLC | $1.5M | 2.91% |
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.