C000205962 Fees and Costs — Ninety One Emerging Markets Equity Fund, I Shares
Data updated: 2025-03-31
The net expense ratio is 0.85%: a 0.75% management fee plus 0.34% other expenses, less a 0.24% fee waiver. There are no sales loads or redemption fees. In fiscal 2024 the fund paid $274K in broker commissions, 0.0904% of average net assets, and portfolio turnover was 48%.
C000205962 Fees and Expenses
Annual operating expenses and sales charges of C000205962. Prospectus, as of February 29, 2024.
| Annual operating expenses | |
|---|---|
| Management fee | 0.75% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.34% |
| Gross expense ratio | 1.09% |
| Fee waiver | −0.24% |
| Net expense ratio | 0.85% |
| Sales charges | |
|---|---|
| Max front load | — |
| 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 |
C000205962 Costs Over Time
On $10,000 invested in C000205962, assuming 5% a year before costs, total costs come to $589 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 0.85%) | $89 | $279 | $484 |
| Trading costs (broker commissions) | $9 | $30 | $51 |
| Lost growth on money paid in costs | $0 | $15 | $54 |
| Total costs | $99 | $324 | $589 |
| Value after costs | $10,401 | $11,253 | $12,174 |
| Impact on return, per year | 0.99% | 0.99% | 0.99% |
C000205962 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): 0.0904%
- Total broker commissions: $274K
- Bought from dealers (principal trades, not a cost): $1.6M
- Portfolio turnover (prospectus): 48%
- Securities lending: none during the year
C000205962 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| J P MORGAN CHASE BANK | $37K | 22.85% |
| GOLDMAN, SACHS & CO. | $20K | 12.58% |
| HSBC | $20K | 12.39% |
| BAML | $19K | 11.80% |
| CITIGROUP | $14K | 8.72% |
| KOTAK | $13K | 8.22% |
| MORGAN STANLEY & CO, INC | $13K | 8.14% |
| CLSA LTD | $9K | 5.58% |
| UBS INTERNATIONAL INC | $8K | 5.19% |
| GOLDSMITH & HARRIS | $7K | 4.53% |
C000205962 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| J P MORGAN CHASE BANK | $1.2M | 74.20% |
| AVIOR RESEARCH PTY LTD | $305K | 19.12% |
| BAML | $106K | 6.66% |
| BANCO SANTANDER | $322 | 0.02% |
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.