FEEM Fees and Costs — FlexShares ESG & Climate Emerging Markets Core Index Fund
Data updated: 2024-04-01
The net expense ratio is 0.18%: a 0.18% management fee plus 0.01% other expenses, less a 0.01% fee waiver. There are no sales loads or redemption fees. In fiscal 2023 the fund paid $566 in broker commissions, 0.0128% of average net assets, and portfolio turnover was 36%.
FEEM Fees and Expenses
Annual operating expenses and sales charges of FEEM. Prospectus, as of February 29, 2024.
| Annual operating expenses | |
|---|---|
| Management fee | 0.18% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.01% |
| Gross expense ratio | 0.19% |
| Fee waiver | −0.01% |
| Net expense ratio | 0.18% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | No |
FEEM Costs Over Time
On $10,000 invested in FEEM, assuming 5% a year before costs, total costs come to $123 over 5 years, cutting the return by 0.20% 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 0.18%) | $19 | $59 | $104 |
| Trading costs (broker commissions) | $1 | $4 | $7 |
| Lost growth on money paid in costs | $0 | $3 | $11 |
| Total costs | $20 | $67 | $123 |
| Value after costs | $10,480 | $11,509 | $12,640 |
| Impact on return, per year | 0.20% | 0.20% | 0.20% |
FEEM 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): 0.0128%
- Total broker commissions: $566
- Bought from dealers (principal trades, not a cost): $986K
- Portfolio turnover (prospectus): 36%
- Securities lending: none during the year
FEEM Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| UBS Securities LLC | $241 | 43.53% |
| Goldman Sachs & Co. LLC | $109 | 19.66% |
| Pershing LLC | $67 | 12.10% |
| HSBC Securities (USA) Inc. | $39 | 7.03% |
| Credit Suisse Securities (USA) LLC | $35 | 6.36% |
| J.P. Morgan Securities LLC | $18 | 3.33% |
| Citigroup Global Markets Inc. | $17 | 3.10% |
| Scotia Capital (USA) Inc. | $10 | 1.85% |
| Merrill Lynch, Pierce, Fenner & Smith Inc. | $10 | 1.82% |
| Societe Generale | $7 | 1.21% |
FEEM Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Goldman Sachs & Co. LLC | $766K | 77.70% |
| BofA Securities, Inc. | $107K | 10.83% |
| Merrill Lynch, Pierce, Fenner & Smith Inc. | $69K | 7.02% |
| Morgan Stanley & Co. LLC | $22K | 2.21% |
| J.P. Morgan Securities LLC | $14K | 1.45% |
| UBS Securities LLC | $7K | 0.70% |
| Societe Generale | $901 | 0.09% |
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.