C000229635 Fees and Costs — Ninety One International Franchise Fund, I shares
Data updated: 2025-01-13
The net expense ratio is 0.85%: a 0.75% management fee plus 12.23% other expenses, less a 12.13% fee waiver. There are no sales loads or redemption fees. In fiscal 2024 the fund paid $1K in broker commissions, 0.0267% of average net assets, and portfolio turnover was 8%.
C000229635 Fees and Expenses
Annual operating expenses and sales charges of C000229635. Prospectus, as of February 29, 2024.
| Annual operating expenses | |
|---|---|
| Management fee | 0.75% |
| 12b-1 fee | 0.00% |
| Other expenses | 12.23% |
| Gross expense ratio | 12.98% |
| Fee waiver | −12.13% |
| 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 |
C000229635 Costs Over Time
On $10,000 invested in C000229635, assuming 5% a year before costs, total costs come to $550 over 5 years, cutting the return by 0.92% 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) | $3 | $9 | $15 |
| Lost growth on money paid in costs | $0 | $14 | $50 |
| Total costs | $92 | $302 | $550 |
| Value after costs | $10,408 | $11,274 | $12,213 |
| Impact on return, per year | 0.92% | 0.92% | 0.92% |
C000229635 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): 0.0267%
- Total broker commissions: $1K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 8%
- Securities lending: none during the year
C000229635 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| J P MORGAN CHASE BANK | $900 | 81.16% |
| CREDIT AGRICOLE SECURITIES (USA) INC. | $59 | 5.33% |
| GOLDMAN, SACHS & CO. | $38 | 3.44% |
| SG COWEN | $26 | 2.38% |
| BNP PARIBAS | $23 | 2.07% |
| HSBC | $19 | 1.72% |
| PEEL HUNT INCORPORATED | $14 | 1.22% |
| ITG | $12 | 1.10% |
| JEFFERIES LLC | $12 | 1.09% |
| SEI FINANCIAL SERVICES | $5 | 0.49% |
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.