EPEIX Fees and Costs — EP Emerging Markets Fund, Class I
Data updated: 2026-09-28
The net expense ratio is 1.52% (1.61% before fee waivers). There are no sales loads or redemption fees. In fiscal 2025 the fund paid $33K in broker commissions, 0.0367% of average net assets, and portfolio turnover was 11%.
EPEIX Fees and Expenses
Annual operating expenses and sales charges of EPEIX. Prospectus, as of October 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 1.08% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.51% |
| Gross expense ratio | 1.61% |
| Fee waiver | −0.09% |
| Net expense ratio | 1.52% |
| 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 | Yes |
EPEIX Costs Over Time
On $10,000 invested in EPEIX, assuming 5% a year before costs, total costs come to $963 over 5 years, cutting the return by 1.63% 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 1.52%) | $160 | $495 | $854 |
| Trading costs (broker commissions) | $4 | $12 | $21 |
| Lost growth on money paid in costs | $0 | $25 | $89 |
| Total costs | $163 | $532 | $963 |
| Value after costs | $10,337 | $11,044 | $11,800 |
| Impact on return, per year | 1.63% | 1.63% | 1.63% |
EPEIX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending October 31, 2025.
- Explicit cost rate (commissions ÷ average net assets): 0.0367%
- Total broker commissions: $33K
- Bought from dealers (principal trades, not a cost): $2.5M
- Portfolio turnover (prospectus): 11%
- Securities lending: none during the year
EPEIX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| INSTINET, LLC | $29K | 87.36% |
| RAYMOND JAMES (USA) LTD. | $4K | 12.64% |
EPEIX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| BROWN BROTHERS HARRIMAN & CO. | $2.5M | 100.00% |
EP 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 |
|---|---|---|---|
| EPEIX | Class I | 1.52% | none |
| EPASX | Class A | 1.77% | 4.50% |
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.