C000173291 Fees and Costs — JOHCM International Opportunities Fund, Institutional Shares
Data updated: 2021-08-27
The net expense ratio is 0.89%: a 0.75% management fee plus 8.67% other expenses, less a 8.53% fee waiver. There are no sales loads or redemption fees. In fiscal 2020 the fund paid $1K in broker commissions, 0.0557% of average net assets, and portfolio turnover was 65%.
C000173291 Fees and Expenses
Annual operating expenses and sales charges of C000173291. Prospectus, as of January 31, 2021.
| Annual operating expenses | |
|---|---|
| Management fee | 0.75% |
| 12b-1 fee | 0.00% |
| Other expenses | 8.67% |
| Gross expense ratio | 9.42% |
| Fee waiver | −8.53% |
| Net expense ratio | 0.89% |
| 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 |
C000173291 Costs Over Time
On $10,000 invested in C000173291, assuming 5% a year before costs, total costs come to $592 over 5 years, cutting the return by 0.99% 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 0.89%) | $93 | $292 | $506 |
| Trading costs (broker commissions) | $6 | $18 | $32 |
| Lost growth on money paid in costs | $0 | $15 | $54 |
| Total costs | $99 | $325 | $592 |
| Value after costs | $10,401 | $11,251 | $12,171 |
| Impact on return, per year | 0.99% | 0.99% | 0.99% |
C000173291 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): 0.0557%
- Total broker commissions: $1K
- Bought from dealers (principal trades, not a cost): $112K
- Portfolio turnover (prospectus): 65%
- Securities lending: none during the year
C000173291 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| CITIGROUP GLOBAL MARKETS LIMITED | $265 | 24.99% |
| J.P. MORGAN SECURITIES PLC | $157 | 14.81% |
| LIQUIDNET EUROPE LIMITED | $152 | 14.33% |
| EXANE | $94 | 8.86% |
| UBS AG | $92 | 8.72% |
| GOLDMAN SACHS INTERNATIONAL | $65 | 6.11% |
| RBC EUROPE LIMITED | $63 | 5.97% |
| VIRTU ITG EUROPE LIMITED | $63 | 5.96% |
| JEFFERIES INTERNATIONAL LIMITED | $61 | 5.75% |
| Daiwa Capital Markets Hong Kong Limited | $48 | 4.51% |
C000173291 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| CLSA SINGAPORE PTE LTD | $105K | 93.51% |
| BARCLAYS CAPITAL SECURITIES LIMITED | $4K | 3.74% |
| CREDIT AGRICOLE SECURITIES (USA) INC. | $3K | 2.73% |
| UBS AG | $9 | 0.01% |
| GOLDMAN SACHS INTERNATIONAL | $7 | 0.01% |
| J.P. MORGAN SECURITIES PLC | $7 | 0.01% |
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.