C000138345 Fees and Costs — JOHCM Asia Ex-Japan Equity Fund, Class II
Data updated: 2020-05-28
The net expense ratio is 1.05%: a 1.09% management fee, a 0.25% 12b-1 fee plus 0.41% other expenses, less a 0.70% fee waiver. There are no sales loads or redemption fees. In fiscal 2019 the fund paid $150K in broker commissions, 0.1805% of average net assets, and portfolio turnover was 49%.
C000138345 Fees and Expenses
Annual operating expenses and sales charges of C000138345. Prospectus, as of January 31, 2020.
| Annual operating expenses | |
|---|---|
| Management fee | 1.09% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.41% |
| Gross expense ratio | 1.75% |
| Fee waiver | −0.70% |
| Net expense ratio | 1.05% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| Max deferred load | 0.00% |
| Redemption fee | 0.00% |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | Yes |
C000138345 Costs Over Time
On $10,000 invested in C000138345, assuming 5% a year before costs, total costs come to $766 over 5 years, cutting the return by 1.29% 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 1.05%) | $110 | $343 | $594 |
| Trading costs (broker commissions) | $19 | $59 | $102 |
| Lost growth on money paid in costs | $0 | $20 | $70 |
| Total costs | $129 | $422 | $766 |
| Value after costs | $10,371 | $11,154 | $11,997 |
| Impact on return, per year | 1.29% | 1.29% | 1.29% |
C000138345 Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending September 30, 2019.
- Explicit cost rate (commissions ÷ average net assets): 0.1805%
- Total broker commissions: $150K
- Bought from dealers (principal trades, not a cost): $4.4M
- Portfolio turnover (prospectus): 49%
- Securities lending: none during the year
C000138345 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| UBS AG | $32K | 30.62% |
| CLSA LIMITED | $15K | 14.01% |
| UBS Warburg Securities India Private Limited | $13K | 12.67% |
| CLSA INDIA PRIVATE LIMITED | $12K | 11.53% |
| CLSA SINGAPORE PTE LTD | $6K | 5.81% |
| GOLDMAN SACHS INTERNATIONAL | $6K | 5.43% |
| DEUTSCHE BANK AG | $6K | 5.35% |
| DSP MERRILL LYNCH LIMITED | $5K | 5.05% |
| MERRILL LYNCH INTERNATIONAL | $5K | 4.81% |
| MORGAN STANLEY & CO. INTERNATIONAL PLC | $5K | 4.71% |
C000138345 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| CLSA SINGAPORE PTE LTD | $4.4M | 100.00% |
| Deutsche Equities India Private Limited | $4 | 0.00% |
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.