CEMIX Fees and Costs — Causeway Emerging Markets Fund, Institutional Class
Data updated: 2026-08-28
The net expense ratio is 1.09%: a 1.00% management fee plus 0.09% other expenses. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $1.6M in broker commissions, 0.0736% of average net assets, and portfolio turnover was 92%.
CEMIX Fees and Expenses
Annual operating expenses and sales charges of CEMIX. Prospectus, as of September 30, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 1.00% |
| 12b-1 fee | — |
| Other expenses | 0.09% |
| Gross expense ratio | 1.09% |
| Fee waiver | — |
| Net expense ratio | 1.09% |
| 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 | No |
CEMIX Costs Over Time
On $10,000 invested in CEMIX, assuming 5% a year before costs, total costs come to $725 over 5 years, cutting the return by 1.22% 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 1.09%) | $114 | $356 | $617 |
| Trading costs (broker commissions) | $8 | $24 | $42 |
| Lost growth on money paid in costs | $0 | $19 | $67 |
| Total costs | $122 | $399 | $725 |
| Value after costs | $10,378 | $11,177 | $12,037 |
| Impact on return, per year | 1.22% | 1.22% | 1.22% |
CEMIX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending September 30, 2025.
- Explicit cost rate (commissions ÷ average net assets): 0.0736%
- Total broker commissions: $1.6M
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 92%
- Securities lending: none during the year
CEMIX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| J P MORGAN CHASE BANK | $324K | 20.05% |
| HSBC | $314K | 19.48% |
| CREDIT LYONNAIS SECURITIES (USA) INC. | $296K | 18.34% |
| CITIGROUP | $249K | 15.41% |
| MACQUARIE CAPITAL | $234K | 14.49% |
| BAML | $160K | 9.94% |
| MORGAN STANLEY & CO, INC | $28K | 1.73% |
| NOMURA | $9K | 0.57% |
Causeway Emerging Markets Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| CEMIX | Institutional Class | 1.09% | — |
| CEMVX | Investor Class | 1.34% | — |
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.