C000234970 Fees and Costs — Barrow Hanley Floating Rate Fund, I Shares
Data updated: 2024-09-30
The net expense ratio is 0.60%: a 0.45% management fee plus 0.56% other expenses, less a 0.41% fee waiver. This share class carries a redemption fee of 1.00%. Portfolio turnover was 35%.
C000234970 Fees and Expenses
Annual operating expenses and sales charges of C000234970. Prospectus, as of February 29, 2024.
| Annual operating expenses | |
|---|---|
| Management fee | 0.45% |
| 12b-1 fee | — |
| Other expenses | 0.56% |
| Gross expense ratio | 1.01% |
| Fee waiver | −0.41% |
| Net expense ratio | 0.60% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | 1.00% |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | Yes |
C000234970 Costs Over Time
On $10,000 invested in C000234970, assuming 5% a year before costs, total costs come to $378 over 5 years, cutting the return by 0.63% 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 0.60%) | $63 | $197 | $344 |
| Lost growth on money paid in costs | $0 | $10 | $35 |
| Total costs | $63 | $207 | $378 |
| Value after costs | $10,437 | $11,369 | $12,384 |
| Impact on return, per year | 0.63% | 0.63% | 0.63% |
C000234970 Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending October 31, 2023.
- Explicit cost rate (commissions ÷ average net assets): —
- Total broker commissions: —
- Bought from dealers (principal trades, not a cost): $178.0M
- Portfolio turnover (prospectus): 35%
- Securities lending: none during the year
C000234970 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| J.P. MORGAN SECURITIES | $15.5M | 27.01% |
| GOLDMAN, SACHS & CO. | $9.4M | 16.42% |
| MORGAN STANLEY & CO, INC | $5.4M | 9.45% |
| BARCLAY BANK PLC | $4.9M | 8.57% |
| MERRILL LYNCH, PIERCE, FENNER & SMITH | $4.6M | 8.09% |
| ROYAL BANK OF CANADA | $4.2M | 7.37% |
| JEFFERIES LLC | $3.7M | 6.44% |
| CITIGROUP GLOBAL MARKETS | $3.6M | 6.27% |
| BANK OF AMERICA | $3.3M | 5.70% |
| WACHOVIA SECURITIES, INC. | $2.7M | 4.67% |
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.