C000202997 Fees and Costs — Lord Abbett Global Select Equity Fund, Class F
Data updated: 2020-01-09
The net expense ratio is 0.80%: a 0.60% management fee, a 0.10% 12b-1 fee plus 12.02% other expenses, less a 11.92% fee waiver. There are no sales loads or redemption fees. In fiscal 2019 the fund paid $6K in broker commissions, 0.2553% of average net assets, and portfolio turnover was 23%.
C000202997 Fees and Expenses
Annual operating expenses and sales charges of C000202997. Prospectus, as of October 31, 2018.
| Annual operating expenses | |
|---|---|
| Management fee | 0.60% |
| 12b-1 fee | 0.10% |
| Other expenses | 12.02% |
| Gross expense ratio | 12.72% |
| Fee waiver | −11.92% |
| Net expense ratio | 0.80% |
| 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 | No |
C000202997 Costs Over Time
On $10,000 invested in C000202997, assuming 5% a year before costs, total costs come to $659 over 5 years, cutting the return by 1.11% 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 0.80%) | $84 | $262 | $454 |
| Trading costs (broker commissions) | $27 | $84 | $145 |
| Lost growth on money paid in costs | $0 | $17 | $60 |
| Total costs | $111 | $363 | $659 |
| Value after costs | $10,389 | $11,214 | $12,103 |
| Impact on return, per year | 1.11% | 1.11% | 1.11% |
C000202997 Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending October 31, 2019.
- Explicit cost rate (commissions ÷ average net assets): 0.2553%
- Total broker commissions: $6K
- Bought from dealers (principal trades, not a cost): $1.6M
- Portfolio turnover (prospectus): 23%
- Securities lending: none during the year
C000202997 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| BofA Securities, Inc. | $4K | 60.98% |
| Credit Suisse Securities (USA) LLC | $397 | 6.89% |
| Deutsche Bank Securities Inc. | $360 | 6.24% |
| Barclays Capital Inc. | $357 | 6.20% |
| J.P. Morgan Securities LLC | $339 | 5.89% |
| CLSA Americas, LLC | $270 | 4.68% |
| HSBC Securities (USA) Inc. | $185 | 3.20% |
| Morgan Stanley & Co. LLC | $154 | 2.68% |
| National Financial Services LLC | $102 | 1.77% |
| Citigroup Global Markets Inc. | $85 | 1.47% |
C000202997 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| State Street Bank and Trust Company | $1.6M | 99.90% |
| Morgan Stanley & Co. LLC | $2K | 0.10% |
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.