C000234973 Fees and Costs — Barrow Hanley US Value Opportunities Fund, I Shares
Data updated: 2024-09-30
The net expense ratio is 0.71%: a 0.55% management fee plus 0.40% other expenses, less a 0.24% fee waiver. This share class carries a redemption fee of 1.00%. In fiscal 2023 the fund paid $31K in broker commissions, 0.0339% of average net assets, and portfolio turnover was 30%.
C000234973 Fees and Expenses
Annual operating expenses and sales charges of C000234973. Prospectus, as of February 29, 2024.
| Annual operating expenses | |
|---|---|
| Management fee | 0.55% |
| 12b-1 fee | — |
| Other expenses | 0.40% |
| Gross expense ratio | 0.95% |
| Fee waiver | −0.24% |
| Net expense ratio | 0.71% |
| 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 |
C000234973 Costs Over Time
On $10,000 invested in C000234973, assuming 5% a year before costs, total costs come to $468 over 5 years, cutting the return by 0.78% 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 0.71%) | $75 | $233 | $406 |
| Trading costs (broker commissions) | $4 | $11 | $19 |
| Lost growth on money paid in costs | $0 | $12 | $43 |
| Total costs | $78 | $256 | $468 |
| Value after costs | $10,422 | $11,320 | $12,295 |
| Impact on return, per year | 0.78% | 0.78% | 0.78% |
C000234973 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): 0.0339%
- Total broker commissions: $31K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 30%
- Securities lending: none during the year
C000234973 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| MACQUARIE EQUITIES | $16K | 55.11% |
| INSTINET | $8K | 26.94% |
| J.P. MORGAN SECURITIES | $2K | 6.54% |
| MORGAN STANLEY & CO | $940 | 3.19% |
| DIRECT TRADING | $772 | 2.62% |
| MERRILL LYNCH, PIERCE, FENNER & SMITH | $572 | 1.94% |
| CITIGROUP GLOBAL MARKETS | $369 | 1.25% |
| STRATEGAS SECURITIES | $303 | 1.03% |
| GORDON, HASKETT AND COMPANY | $234 | 0.79% |
| ISI GROUP | $175 | 0.59% |
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.