C000211318 Fees and Costs — Mirae Asset Emerging Markets VIT Fund, Class I
Data updated: 2020-05-28
The net expense ratio is 1.15%: a 0.99% management fee plus 6.81% other expenses, less a 6.65% fee waiver. There are no sales loads or redemption fees. In fiscal 2019 the fund paid $2K in broker commissions, 0.0867% of average net assets, and portfolio turnover was 9%.
C000211318 Fees and Expenses
Annual operating expenses and sales charges of C000211318. Prospectus, as of December 31, 2019.
| Annual operating expenses | |
|---|---|
| Management fee | 0.99% |
| 12b-1 fee | — |
| Other expenses | 6.81% |
| Gross expense ratio | 7.80% |
| Fee waiver | −6.65% |
| 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 |
C000211318 Costs Over Time
On $10,000 invested in C000211318, assuming 5% a year before costs, total costs come to $770 over 5 years, cutting the return by 1.30% 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 | $376 | $650 |
| Trading costs (broker commissions) | $9 | $28 | $49 |
| Lost growth on money paid in costs | $0 | $20 | $71 |
| Total costs | $130 | $424 | $770 |
| Value after costs | $10,370 | $11,152 | $11,993 |
| Impact on return, per year | 1.30% | 1.30% | 1.30% |
C000211318 Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending December 31, 2019.
- Explicit cost rate (commissions ÷ average net assets): 0.0867%
- Total broker commissions: $2K
- Bought from dealers (principal trades, not a cost): $5.1M
- Portfolio turnover (prospectus): 9%
- Securities lending: none during the year
C000211318 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| CITIGROUP | $1K | 56.12% |
| UBS WARBURG | $255 | 11.90% |
| CIBC WORLD MARKETS CORP. | $162 | 7.53% |
| JP MORGAN CHASE | $117 | 5.44% |
| HSBC | $111 | 5.16% |
| GOLDMAN SACHS & CO. LLC | $87 | 4.05% |
| MACQUARIE CAPITAL (USA) INC. | $86 | 4.03% |
| MIRAE SECURITIES | $54 | 2.50% |
| CLSA LTD. | $41 | 1.92% |
| MORGAN STANLEY | $29 | 1.36% |
C000211318 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| CITIBANK | $5.1M | 100.00% |
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.