C000211317 Fees and Costs — Mirae Asset Emerging Markets Great Consumer VIT Fund, Class I
Data updated: 2021-03-09
The net expense ratio is 1.15%: a 0.99% management fee plus 6.35% other expenses, less a 6.19% fee waiver. There are no sales loads or redemption fees. In fiscal 2020 the fund paid $6K in broker commissions, 0.2084% of average net assets, and portfolio turnover was 7%.
C000211317 Fees and Expenses
Annual operating expenses and sales charges of C000211317. Prospectus, as of December 31, 2019.
| Annual operating expenses | |
|---|---|
| Management fee | 0.99% |
| 12b-1 fee | — |
| Other expenses | 6.35% |
| Gross expense ratio | 7.34% |
| Fee waiver | −6.19% |
| Net expense ratio | 1.15% |
| 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 |
C000211317 Costs Over Time
On $10,000 invested in C000211317, assuming 5% a year before costs, total costs come to $844 over 5 years, cutting the return by 1.43% 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 1.15%) | $121 | $375 | $648 |
| Trading costs (broker commissions) | $22 | $68 | $118 |
| Lost growth on money paid in costs | $0 | $22 | $78 |
| Total costs | $143 | $465 | $844 |
| Value after costs | $10,357 | $11,111 | $11,919 |
| Impact on return, per year | 1.43% | 1.43% | 1.43% |
C000211317 Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending December 31, 2020.
- Explicit cost rate (commissions ÷ average net assets): 0.2084%
- Total broker commissions: $6K
- Bought from dealers (principal trades, not a cost): $495K
- Portfolio turnover (prospectus): 7%
- Securities lending: none during the year
C000211317 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| CITIGROUP | $767 | 18.05% |
| UBS WARBURG | $654 | 15.39% |
| JP MORGAN CHASE | $482 | 11.34% |
| MIRAE SECURITIES | $439 | 10.32% |
| HSBC | $396 | 9.30% |
| MORGAN STANLEY | $387 | 9.10% |
| CHINA MERCHANTS SECURITIES HK | $361 | 8.49% |
| GOLDMAN SACHS & CO. LLC | $301 | 7.08% |
| CLSA LTD. | $248 | 5.83% |
| DAIWA CAPITAL MARKETS AMERICA INC. | $216 | 5.08% |
C000211317 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| CITIGROUP | $494K | 99.92% |
| MORGAN STANLEY | $287 | 0.06% |
| GOLDMAN SACHS & CO. LLC | $125 | 0.03% |
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.