C000168116 Fees and Costs — Brandes International Small Cap Equity Fund, Class R6
Data updated: 2024-08-27
The net expense ratio is 1.01%: a 0.95% management fee plus 0.16% other expenses, less a 0.11% fee waiver. There are no sales loads or redemption fees. In fiscal 2023 the fund paid $221K in broker commissions, 0.0748% of average net assets, and portfolio turnover was 33%.
C000168116 Fees and Expenses
Annual operating expenses and sales charges of C000168116. Prospectus, as of January 31, 2024.
| Annual operating expenses | |
|---|---|
| Management fee | 0.95% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.16% |
| Gross expense ratio | 1.12% |
| Fee waiver | −0.11% |
| Net expense ratio | 1.01% |
| 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 |
C000168116 Costs Over Time
On $10,000 invested in C000168116, assuming 5% a year before costs, total costs come to $677 over 5 years, cutting the return by 1.14% 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 1.01%) | $106 | $331 | $573 |
| Trading costs (broker commissions) | $8 | $24 | $42 |
| Lost growth on money paid in costs | $0 | $18 | $62 |
| Total costs | $114 | $373 | $677 |
| Value after costs | $10,386 | $11,204 | $12,085 |
| Impact on return, per year | 1.14% | 1.14% | 1.14% |
C000168116 Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending September 30, 2023.
- Explicit cost rate (commissions ÷ average net assets): 0.0748%
- Total broker commissions: $221K
- Bought from dealers (principal trades, not a cost): $252K
- Portfolio turnover (prospectus): 33%
- Securities on loan, average value: $141K
- Net income from securities lending: $174 (0.000% of average net assets)
C000168116 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Jefferies LLC | $24K | 14.70% |
| MERRILL LYNCH PF&S INC | $22K | 13.92% |
| JP Morgan Securities Inc. | $20K | 12.61% |
| Morgan Stanley & Co. LLC | $19K | 11.95% |
| UBS Securities | $18K | 11.27% |
| SALOMON BROTHERS INC. | $18K | 11.06% |
| Goldman Sachs & Co LLC | $11K | 7.00% |
| Wells Fargo Advisors Clearing Services LLC | $10K | 6.45% |
| OUTSET GLOBAL LLP | $9K | 5.82% |
| MACQUARIE EQUITIES LTD | $8K | 5.22% |
C000168116 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| BTIG LLC | $238K | 94.49% |
| Auerbach Grayson & Company LLC | $10K | 3.86% |
| OUTSET GLOBAL LLP | $4K | 1.65% |
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.