C000157604 Fees and Costs — Barings Emerging Markets Debt Blended Total Return Fund, Class I
Data updated: 2021-11-24
The net expense ratio is 0.95%: a 0.75% management fee plus 0.54% other expenses, less a 0.34% fee waiver. There are no sales loads or redemption fees. In fiscal 2021 the fund paid $688 in broker commissions, 0.0008% of average net assets, and portfolio turnover was 52%.
C000157604 Fees and Expenses
Annual operating expenses and sales charges of C000157604. Prospectus, as of June 30, 2021.
| Annual operating expenses | |
|---|---|
| Management fee | 0.75% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.54% |
| Gross expense ratio | 1.29% |
| Fee waiver | −0.34% |
| 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 |
C000157604 Costs Over Time
On $10,000 invested in C000157604, 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% |
C000157604 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): 0.0008%
- Total broker commissions: $688
- Bought from dealers (principal trades, not a cost): $137.7M
- Portfolio turnover (prospectus): 52%
- Securities lending: none during the year
C000157604 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Morgan Stanley & Co. LLC | $688 | 100.00% |
C000157604 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| J.P. Morgan Securities LLC | $29.4M | 26.37% |
| BofA Securities, Inc. | $18.4M | 16.54% |
| Citigroup Global Markets Inc. | $16.5M | 14.79% |
| Morgan Stanley & Co. LLC | $8.6M | 7.69% |
| Barclays Capital Inc. | $8.5M | 7.64% |
| HSBC Securities (USA) Inc. | $7.9M | 7.09% |
| BNP Paribas Securities Corp. | $7.1M | 6.37% |
| Goldman Sachs & Co. LLC | $6.2M | 5.61% |
| Standard Chartered Securities (North America) LLC | $5.0M | 4.50% |
| Jefferies LLC | $3.8M | 3.41% |
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.