C000201599 Fees and Costs — Barings Global Emerging Markets Equity Fund, Class I
Data updated: 2021-11-24
The net expense ratio is 0.90%: a 0.90% management fee plus 2.27% other expenses, less a 2.27% fee waiver. There are no sales loads or redemption fees. In fiscal 2021 the fund paid $6K in broker commissions, 0.0480% of average net assets, and portfolio turnover was 37%.
C000201599 Fees and Expenses
Annual operating expenses and sales charges of C000201599. Prospectus, as of June 30, 2021.
| Annual operating expenses | |
|---|---|
| Management fee | 0.90% |
| 12b-1 fee | 0.00% |
| Other expenses | 2.27% |
| Gross expense ratio | 3.17% |
| Fee waiver | −2.27% |
| Net expense ratio | 0.90% |
| 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 |
C000201599 Costs Over Time
On $10,000 invested in C000201599, assuming 5% a year before costs, total costs come to $594 over 5 years, cutting the return by 1.00% 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 0.90%) | $94 | $295 | $512 |
| Trading costs (broker commissions) | $5 | $16 | $27 |
| Lost growth on money paid in costs | $0 | $15 | $54 |
| Total costs | $100 | $326 | $594 |
| Value after costs | $10,400 | $11,250 | $12,169 |
| Impact on return, per year | 1.00% | 1.00% | 1.00% |
C000201599 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): 0.0480%
- Total broker commissions: $6K
- Bought from dealers (principal trades, not a cost): $46K
- Portfolio turnover (prospectus): 37%
- Securities lending: none during the year
C000201599 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Morgan Stanley & Co. LLC | $1K | 18.60% |
| CICC US Securities, Inc. | $951 | 16.84% |
| RBC Capital Markets, LLC | $844 | 14.94% |
| Goldman Sachs & Co. LLC | $534 | 9.45% |
| Credit Suisse Securities (USA) LLC | $519 | 9.19% |
| HSBC Securities (USA) Inc. | $480 | 8.51% |
| J.P. Morgan Securities LLC | $422 | 7.48% |
| Macquarie Capital (USA) Inc. | $310 | 5.50% |
| UBS Securities LLC | $273 | 4.83% |
| Xp Investimentos Corretora de Cambio, Titulos e Valores Mobiliarios S/A | $263 | 4.66% |
C000201599 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Citigroup Global Markets Inc. | $46K | 100.00% |
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.