C000157616 Fees and Costs — Barings U.S. High Yield Fund, Class Y
Data updated: 2021-11-24
The net expense ratio is 0.75%: a 0.55% management fee plus 0.62% other expenses, less a 0.42% fee waiver. There are no sales loads or redemption fees. Portfolio turnover was 75%.
C000157616 Fees and Expenses
Annual operating expenses and sales charges of C000157616. Prospectus, as of June 30, 2021.
| Annual operating expenses | |
|---|---|
| Management fee | 0.55% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.62% |
| Gross expense ratio | 1.17% |
| Fee waiver | −0.42% |
| Net expense ratio | 0.75% |
| 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 |
C000157616 Costs Over Time
On $10,000 invested in C000157616, assuming 5% a year before costs, total costs come to $471 over 5 years, cutting the return by 0.79% 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 0.75%) | $79 | $246 | $428 |
| Lost growth on money paid in costs | $0 | $12 | $43 |
| Total costs | $79 | $259 | $471 |
| Value after costs | $10,421 | $11,318 | $12,291 |
| Impact on return, per year | 0.79% | 0.79% | 0.79% |
C000157616 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): —
- Total broker commissions: —
- Bought from dealers (principal trades, not a cost): $72.8M
- Portfolio turnover (prospectus): 75%
- Securities lending: none during the year
C000157616 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| J.P. Morgan Securities LLC | $12.9M | 22.09% |
| Barclays Capital Inc. | $8.5M | 14.58% |
| BofA Securities, Inc. | $7.2M | 12.30% |
| Goldman Sachs & Co. LLC | $7.2M | 12.27% |
| Citigroup Global Markets Inc. | $6.3M | 10.84% |
| Morgan Stanley & Co. LLC | $4.3M | 7.29% |
| Credit Suisse Securities (USA) LLC | $3.5M | 6.02% |
| RBC Capital Markets, LLC | $3.4M | 5.78% |
| MarketAxess Corporation | $2.9M | 5.06% |
| Wells Fargo Securities, LLC | $2.2M | 3.78% |
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.