C000210780 Fees and Costs — BrandywineGLOBAL - Global Opportunities Bond Fund (USD Hedged), Class A
Data updated: 2024-08-20
The net expense ratio is 1.00%: a 0.50% management fee, a 0.25% 12b-1 fee plus 0.86% other expenses, less a 0.61% fee waiver. This share class carries a maximum front-end sales load of 3.75%. In fiscal 2023 the fund paid $821 in broker commissions, 0.0021% of average net assets, and portfolio turnover was 184%.
C000210780 Fees and Expenses
Annual operating expenses and sales charges of C000210780. Prospectus, as of April 30, 2024.
| Annual operating expenses | |
|---|---|
| Management fee | 0.50% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.86% |
| Gross expense ratio | 1.61% |
| Fee waiver | −0.61% |
| Net expense ratio | 1.00% |
| Sales charges | |
|---|---|
| Max front load | 3.75% |
| 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 |
C000210780 Costs Over Time
On $10,000 invested in C000210780, assuming 5% a year before costs, total costs come to $1,082 over 5 years, cutting the return by 1.84% 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 | $375 | $375 | $375 |
| Fund expenses (net expense ratio 1.00%) | $101 | $315 | $547 |
| Trading costs (broker commissions) | $0 | $1 | $1 |
| Lost growth on money paid in costs | $19 | $75 | $159 |
| Total costs | $495 | $766 | $1,082 |
| Value after costs | $10,005 | $10,811 | $11,681 |
| Impact on return, per year | 4.95% | 2.37% | 1.84% |
C000210780 Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending December 31, 2023.
- Explicit cost rate (commissions ÷ average net assets): 0.0021%
- Total broker commissions: $821
- Bought from dealers (principal trades, not a cost): $153.1M
- Portfolio turnover (prospectus): 184%
- Securities lending: none during the year
C000210780 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| MORGAN STANLEY & CO. LLC | $821 | 100.00% |
C000210780 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| HSBC SECURITIES (USA), INC. | $30.7M | 22.75% |
| J.P. Morgan Securities LLC | $23.9M | 17.64% |
| BMO CAPITAL MARKETS CORP. | $22.4M | 16.58% |
| BOFA SECURITIES, INC. | $13.2M | 9.77% |
| DEUTSCHE BANK SECURITIES, INC. | $12.9M | 9.51% |
| SG AMERICAS SECURITIES, LLC | $12.1M | 8.95% |
| GOLDMAN SACHS & CO. LLC | $10.4M | 7.68% |
| CitiGroup Global Markets Inc. | $5.0M | 3.73% |
| BBVA SECURITIES INC. | $2.6M | 1.92% |
| Santander Securities LLC | $2.0M | 1.47% |
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.