C000157605 Fees and Costs — Barings Emerging Markets Debt Blended Total Return Fund, Class A
Data updated: 2021-11-24
The net expense ratio is 1.20%: a 0.75% management fee, a 0.25% 12b-1 fee plus 0.73% other expenses, less a 0.53% fee waiver. This share class carries a maximum front-end sales load of 4.00% and a deferred sales charge of up to 1.00%. In fiscal 2021 the fund paid $688 in broker commissions, 0.0008% of average net assets, and portfolio turnover was 52%.
C000157605 Fees and Expenses
Annual operating expenses and sales charges of C000157605. Prospectus, as of June 30, 2021.
| Annual operating expenses | |
|---|---|
| Management fee | 0.75% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.73% |
| Gross expense ratio | 1.73% |
| Fee waiver | −0.53% |
| Net expense ratio | 1.20% |
| Sales charges | |
|---|---|
| Max front load | 4.00% |
| Max deferred load | 1.00% |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | Yes |
C000157605 Costs Over Time
On $10,000 invested in C000157605, assuming 5% a year before costs, total costs come to $1,229 over 5 years, cutting the return by 2.10% 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 |
| Sales charges | $500 | $400 | $400 |
| Fund expenses (net expense ratio 1.20%) | $121 | $377 | $652 |
| Trading costs (broker commissions) | $0 | $0 | $0 |
| Lost growth on money paid in costs | $20 | $82 | $176 |
| Total costs | $641 | $859 | $1,229 |
| Value after costs | $9,859 | $10,718 | $11,534 |
| Impact on return, per year | 6.41% | 2.66% | 2.10% |
C000157605 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
C000157605 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Morgan Stanley & Co. LLC | $688 | 100.00% |
C000157605 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.