EMFM Fees and Costs — Global X MSCI Next Emerging & Frontier ETF
Data updated: 2024-07-01
The net expense ratio is 0.56%: a 0.49% management fee plus 0.07% other expenses. There are no sales loads or redemption fees. In fiscal 2023 the fund paid $16K in broker commissions, 0.0722% of average net assets, and portfolio turnover was 17%.
EMFM Fees and Expenses
Annual operating expenses and sales charges of EMFM. Prospectus, as of February 29, 2024.
| Annual operating expenses | |
|---|---|
| Management fee | 0.49% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.07% |
| Gross expense ratio | 0.56% |
| Fee waiver | — |
| Net expense ratio | 0.56% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | No |
| Fees waived or reduced during the year | No |
| Waived fees subject to recoupment | No |
EMFM Costs Over Time
On $10,000 invested in EMFM, assuming 5% a year before costs, total costs come to $398 over 5 years, cutting the return by 0.66% 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 0.56%) | $59 | $184 | $321 |
| Trading costs (broker commissions) | $8 | $24 | $41 |
| Lost growth on money paid in costs | $0 | $10 | $36 |
| Total costs | $66 | $218 | $398 |
| Value after costs | $10,434 | $11,358 | $12,364 |
| Impact on return, per year | 0.66% | 0.66% | 0.66% |
EMFM 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): 0.0722%
- Total broker commissions: $16K
- Bought from dealers (principal trades, not a cost): $6K
- Portfolio turnover (prospectus): 17%
- Securities lending: none during the year
EMFM Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| BANK OF AMERICA | $16K | 97.04% |
| GOLDMAN, SACHS & CO. | $412 | 2.54% |
| J.P. MORGAN SECURITIES | $68 | 0.42% |
| CITIGROUP GLOBAL MARKETS | $0 | 0.00% |
EMFM Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| MISCHLER FINANCIAL | $6K | 100.00% |
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 Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date.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.