C000205130 Fees and Costs — Ninety One Global Franchise Fund, A Shares
Data updated: 2025-01-13
The net expense ratio is 1.10%: a 0.75% management fee, a 0.25% 12b-1 fee plus 0.23% other expenses, less a 0.13% fee waiver. This share class carries a maximum front-end sales load of 5.75%. In fiscal 2024 the fund paid $48K in broker commissions, 0.0136% of average net assets, and portfolio turnover was 8%.
C000205130 Fees and Expenses
Annual operating expenses and sales charges of C000205130. Prospectus, as of February 29, 2024.
| Annual operating expenses | |
|---|---|
| Management fee | 0.75% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.23% |
| Gross expense ratio | 1.23% |
| Fee waiver | −0.13% |
| Net expense ratio | 1.10% |
| Sales charges | |
|---|---|
| Max front load | 5.75% |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | Yes |
C000205130 Costs Over Time
On $10,000 invested in C000205130, assuming 5% a year before costs, total costs come to $1,389 over 5 years, cutting the return by 2.39% 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 |
| Sales charges | $575 | $575 | $575 |
| Fund expenses (net expense ratio 1.10%) | $109 | $339 | $588 |
| Trading costs (broker commissions) | $1 | $4 | $7 |
| Lost growth on money paid in costs | $29 | $108 | $219 |
| Total costs | $714 | $1,026 | $1,389 |
| Value after costs | $9,786 | $10,550 | $11,374 |
| Impact on return, per year | 7.14% | 3.20% | 2.39% |
C000205130 Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending October 31, 2024.
- Explicit cost rate (commissions ÷ average net assets): 0.0136%
- Total broker commissions: $48K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 8%
- Securities lending: none during the year
C000205130 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| RBC DAIN RAUSCHER INC. | $20K | 42.31% |
| RBC CAPITAL | $6K | 12.45% |
| MORGAN STANLEY & CO, INC | $6K | 11.97% |
| BAYBASS | $5K | 10.79% |
| SEI FINANCIAL SERVICES | $3K | 6.21% |
| INSTINET | $2K | 4.48% |
| KNIGHT SECURITIES | $2K | 3.90% |
| LIQUIDNET | $1K | 2.79% |
| BAML | $1K | 2.71% |
| BARCLAY BANK PLC | $1K | 2.38% |
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.