ECIEX Fees and Costs — Ashmore Emerging Markets Corporate Income ESG Fund, Institutional Class
Data updated: 2024-09-26
The net expense ratio is 0.87%: a 0.85% management fee plus 1.22% other expenses, less a 1.20% fee waiver. There are no sales loads or redemption fees. Portfolio turnover was 32%.
ECIEX Fees and Expenses
Annual operating expenses and sales charges of ECIEX. Prospectus, as of February 29, 2024.
| Annual operating expenses | |
|---|---|
| Management fee | 0.85% |
| 12b-1 fee | 0.00% |
| Other expenses | 1.22% |
| Gross expense ratio | 2.07% |
| Fee waiver | −1.20% |
| Net expense ratio | 0.87% |
| 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 |
ECIEX Costs Over Time
On $10,000 invested in ECIEX, assuming 5% a year before costs, total costs come to $546 over 5 years, cutting the return by 0.91% 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 0.87%) | $91 | $285 | $496 |
| Lost growth on money paid in costs | $0 | $14 | $50 |
| Total costs | $91 | $300 | $546 |
| Value after costs | $10,409 | $11,277 | $12,217 |
| Impact on return, per year | 0.91% | 0.91% | 0.91% |
ECIEX 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): —
- Portfolio turnover (prospectus): 32%
- Securities lending: none during the year
ECIEX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| JPMorgan Chase Bank NA, London branch | $1.7M | 15.13% |
| Jefferies International Ltd | $1.6M | 14.34% |
| Marketaxess Capital Ltd | $1.3M | 12.05% |
| Merrill Lynch International London | $1.2M | 10.90% |
| Morgan Stanley & Co International PLC | $1.2M | 10.70% |
| UBS AG | $1.1M | 9.77% |
| Citigroup Global Markets Ltd | $970K | 8.80% |
| Nomura International PLC | $830K | 7.53% |
| HSBC Bank PLC | $696K | 6.32% |
| SMBC Nikko Capital Markets Limited | $491K | 4.46% |
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.