C000166224 Fees and Costs — JOHCM Emerging Markets Small Mid Cap Equity Fund, Class I
Data updated: 2021-08-27
The net expense ratio is 1.64%: a 1.30% management fee, a 0.10% 12b-1 fee plus 0.89% other expenses, less a 0.65% fee waiver. There are no sales loads or redemption fees. In fiscal 2020 the fund paid $78K in broker commissions, 0.2464% of average net assets, and portfolio turnover was 137%.
C000166224 Fees and Expenses
Annual operating expenses and sales charges of C000166224. Prospectus, as of January 31, 2021.
| Annual operating expenses | |
|---|---|
| Management fee | 1.30% |
| 12b-1 fee | 0.10% |
| Other expenses | 0.89% |
| Gross expense ratio | 2.29% |
| Fee waiver | −0.65% |
| Net expense ratio | 1.64% |
| 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 |
C000166224 Costs Over Time
On $10,000 invested in C000166224, assuming 5% a year before costs, total costs come to $1,159 over 5 years, cutting the return by 1.98% 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 1.64%) | $172 | $532 | $915 |
| Trading costs (broker commissions) | $26 | $80 | $137 |
| Lost growth on money paid in costs | $0 | $31 | $107 |
| Total costs | $198 | $643 | $1,159 |
| Value after costs | $10,302 | $10,933 | $11,604 |
| Impact on return, per year | 1.98% | 1.98% | 1.98% |
C000166224 Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending September 30, 2020.
- Explicit cost rate (commissions ÷ average net assets): 0.2464%
- Total broker commissions: $78K
- Bought from dealers (principal trades, not a cost): $687K
- Portfolio turnover (prospectus): 137%
- Securities lending: none during the year
C000166224 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| UBS AG | $16K | 24.31% |
| J.P. MORGAN SECURITIES PLC | $13K | 19.22% |
| GOLDMAN SACHS INTERNATIONAL | $10K | 15.05% |
| CREDIT AGRICOLE SECURITIES (USA) INC. | $6K | 8.83% |
| MERRILL LYNCH INTERNATIONAL | $6K | 8.55% |
| Daiwa Capital Markets Hong Kong Limited | $4K | 6.03% |
| CREDIT SUISSE SECURITIES (EUROPE) LIMITED | $4K | 5.80% |
| ITAU BBA USA SECURITIES, INC. | $3K | 5.00% |
| HSBC BANK PLC | $3K | 4.16% |
| CITIGROUP GLOBAL MARKETS LIMITED | $2K | 3.06% |
C000166224 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| CLSA SINGAPORE PTE LTD | $464K | 67.59% |
| GOLDMAN SACHS INTERNATIONAL | $86K | 12.58% |
| MERRILL LYNCH INTERNATIONAL | $69K | 9.97% |
| MERRILL LYNCH, PIERCE, FENNER & SMITH INCORPORATED | $42K | 6.07% |
| MORGAN STANLEY | $26K | 3.79% |
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.