EMRYX Fees and Costs — Emerging Markets Fund, Class Y
Data updated: 2026-08-26
The net expense ratio is 1.11%: a 0.75% management fee plus 0.52% other expenses, less a 0.16% fee waiver. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $384K in broker commissions, 0.1072% of average net assets, and portfolio turnover was 29%.
EMRYX Fees and Expenses
Annual operating expenses and sales charges of EMRYX. Prospectus, as of May 1, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.75% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.52% |
| Gross expense ratio | 1.27% |
| Fee waiver | −0.16% |
| Net expense ratio | 1.11% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| Max deferred load | 0.00% |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | No |
EMRYX Costs Over Time
On $10,000 invested in EMRYX, assuming 5% a year before costs, total costs come to $758 over 5 years, cutting the return by 1.28% 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 1.11%) | $117 | $363 | $628 |
| Trading costs (broker commissions) | $11 | $35 | $61 |
| Lost growth on money paid in costs | $0 | $20 | $70 |
| Total costs | $128 | $418 | $758 |
| Value after costs | $10,372 | $11,159 | $12,005 |
| Impact on return, per year | 1.28% | 1.28% | 1.28% |
EMRYX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending December 31, 2025.
- Explicit cost rate (commissions ÷ average net assets): 0.1072%
- Total broker commissions: $384K
- Bought from dealers (principal trades, not a cost): $206.1M
- Portfolio turnover (prospectus): 29%
- Securities on loan, average value: $11.6M
- Net income from securities lending: $59K (0.016% of average net assets)
EMRYX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| J.P. Morgan Securities LLC | $42K | 14.62% |
| BofA Securities, Inc. | $35K | 12.33% |
| Macquarie Capital (USA) Inc. | $33K | 11.50% |
| Jefferies LLC | $31K | 10.71% |
| Eurobank Ergasias Services and Holdings S.A. | $28K | 9.60% |
| Morgan Stanley & Co. LLC | $27K | 9.38% |
| Citigroup Global Markets Inc. | $26K | 9.10% |
| CLSA Americas, LLC | $25K | 8.73% |
| HSBC Securities (USA) Inc. | $25K | 8.54% |
| UBS Securities LLC | $16K | 5.49% |
EMRYX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| State Street Bank and Trust Company | $204.6M | 99.28% |
| FirstRand Bank Limited | $989K | 0.48% |
| Goldman Sachs & Co. LLC | $486K | 0.24% |
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 |
|---|---|---|---|
| EMRZX | Class Z | 0.91% | none |
| EMRIX | Class I | 1.01% | none |
| EMRYX | Class Y | 1.11% | none |
| GBFAX | Class A | 1.61% | 5.75% |
| EMRCX | Class C | 2.52% | none |
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.