EMIPX Fees and Costs — Emerging Markets Breakout Nations Portfolio, Class I
Data updated: 2020-08-27
The net expense ratio is 1.24% (6.28% before fee waivers). This share class carries a redemption fee of 2.00%. In fiscal 2019 the fund paid $5K in broker commissions, 0.0978% of average net assets, and portfolio turnover was 26%.
EMIPX Fees and Expenses
Annual operating expenses and sales charges of EMIPX. Prospectus, as of April 30, 2020.
| Annual operating expenses | |
|---|---|
| Management fee | 0.90% |
| 12b-1 fee | 0.00% |
| Other expenses | 5.34% |
| Gross expense ratio | 6.28% |
| Fee waiver | −5.04% |
| Net expense ratio | 1.24% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| Max deferred load | 0.00% |
| Redemption fee | 2.00% |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | No |
EMIPX Costs Over Time
On $10,000 invested in EMIPX, assuming 5% a year before costs, total costs come to $831 over 5 years, cutting the return by 1.40% 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 1.24%) | $130 | $405 | $700 |
| Trading costs (broker commissions) | $10 | $32 | $55 |
| Lost growth on money paid in costs | $0 | $22 | $76 |
| Total costs | $140 | $458 | $831 |
| Value after costs | $10,360 | $11,118 | $11,932 |
| Impact on return, per year | 1.40% | 1.40% | 1.40% |
EMIPX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending December 31, 2019.
- Explicit cost rate (commissions ÷ average net assets): 0.0978%
- Total broker commissions: $5K
- Bought from dealers (principal trades, not a cost): $2.1M
- Portfolio turnover (prospectus): 26%
- Securities lending: none during the year
EMIPX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Goldman Sachs & Co. LLC | $3K | 54.90% |
| BofA Securities, Inc. | $595 | 12.86% |
| UBS Securities LLC | $377 | 8.16% |
| Financial Brokerage Group S.A.E. | $250 | 5.40% |
| J.P. Morgan Securities LLC | $206 | 4.47% |
| Santander Investment Securities Inc. | $174 | 3.75% |
| Bradesco SA Corretora De Titulos E Valores Mobiliarios | $145 | 3.13% |
| Cong Ty Co Phan Chung Khoan Sai Gon | $143 | 3.09% |
| Deutsche Bank Securities Inc. | $107 | 2.32% |
| Macquarie Capital (USA) Inc. | $88 | 1.91% |
EMIPX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| State Street Bank and Trust Company | $2.1M | 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.