C000224772 Fees and Costs — JOHCM Credit Income Fund, Advisor Shares
Data updated: 2023-12-08
The net expense ratio is 0.70% (2.33% before fee waivers). There are no sales loads or redemption fees. In fiscal 2023 the fund paid $350 in broker commissions, 0.0061% of average net assets, and portfolio turnover was 48%.
C000224772 Fees and Expenses
Annual operating expenses and sales charges of C000224772. Prospectus, as of January 31, 2023.
| Annual operating expenses | |
|---|---|
| Management fee | 0.55% |
| 12b-1 fee | 0.10% |
| Other expenses | 1.66% |
| Gross expense ratio | 2.33% |
| Fee waiver | −1.63% |
| Net expense ratio | 0.70% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| Max deferred load | 0.00% |
| Redemption fee | 0.00% |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | Yes |
C000224772 Costs Over Time
On $10,000 invested in C000224772, assuming 5% a year before costs, total costs come to $444 over 5 years, cutting the return by 0.74% 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 0.70%) | $74 | $230 | $400 |
| Trading costs (broker commissions) | $1 | $2 | $3 |
| Lost growth on money paid in costs | $0 | $11 | $41 |
| Total costs | $74 | $243 | $444 |
| Value after costs | $10,426 | $11,333 | $12,319 |
| Impact on return, per year | 0.74% | 0.74% | 0.74% |
C000224772 Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending September 30, 2023.
- Explicit cost rate (commissions ÷ average net assets): 0.0061%
- Total broker commissions: $350
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 48%
- Securities lending: none during the year
C000224772 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Sanford C. Bernstein & Co. LLC | $139 | 39.71% |
| MERRILL LYNCH INTERNATIONAL | $64 | 18.29% |
| MARKETAXESS CAPITAL LIMITED | $55 | 15.71% |
| J.P. MORGAN SECURITIES PLC | $49 | 14.00% |
| ROYAL BANK OF CANADA | $38 | 10.86% |
| VIRTU ITG EUROPE LIMITED | $3 | 0.86% |
| Cowen and Company, LLC | $2 | 0.57% |
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.