GEDOX Fees and Costs — GMO Emerging Markets Select Equity Fund, Class V
Data updated: 2023-10-27
The net expense ratio is 0.70% (0.88% before fee waivers). There are no sales loads or redemption fees. In fiscal 2023 the fund paid $1.1M in broker commissions, 0.2998% of average net assets, and portfolio turnover was 143%.
GEDOX Fees and Expenses
Annual operating expenses and sales charges of GEDOX. Prospectus, as of June 30, 2023.
| Annual operating expenses | |
|---|---|
| Management fee | 0.64% |
| 12b-1 fee | — |
| Other expenses | 0.18% |
| Gross expense ratio | 0.88% |
| Fee waiver | −0.18% |
| Net expense ratio | 0.70% |
| 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 |
GEDOX Costs Over Time
On $10,000 invested in GEDOX, assuming 5% a year before costs, total costs come to $625 over 5 years, cutting the return by 1.05% 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 0.70%) | $74 | $229 | $398 |
| Trading costs (broker commissions) | $31 | $98 | $170 |
| Lost growth on money paid in costs | $0 | $16 | $57 |
| Total costs | $105 | $344 | $625 |
| Value after costs | $10,395 | $11,232 | $12,137 |
| Impact on return, per year | 1.05% | 1.05% | 1.05% |
GEDOX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending February 28, 2023.
- Explicit cost rate (commissions ÷ average net assets): 0.2998%
- Total broker commissions: $1.1M
- Bought from dealers (principal trades, not a cost): $1.3B
- Portfolio turnover (prospectus): 143%
- Securities lending: none during the year
GEDOX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| BofA Securities, Inc. | $162K | 19.88% |
| Sanford C. Bernstein & Co., LLC | $122K | 14.94% |
| J.P. Morgan Securities LLC | $84K | 10.29% |
| Citigroup Global Markets Inc. | $76K | 9.37% |
| Instinet, LLC | $75K | 9.19% |
| Goldman Sachs & Co. LLC | $73K | 8.94% |
| Jefferies LLC | $62K | 7.64% |
| CLSA Americas, LLC | $60K | 7.36% |
| Macquarie Capital (USA) Inc. | $52K | 6.33% |
| UBS Securities LLC | $49K | 6.06% |
GEDOX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| State Street Bank and Trust Company | $1.1B | 82.00% |
| J.P. Morgan Securities LLC | $82.4M | 6.41% |
| Citadel Securities LLC | $66.3M | 5.16% |
| Mizuho Securities USA LLC | $56.7M | 4.41% |
| Nomura Securities International, Inc. | $20.0M | 1.56% |
| Citigroup Global Markets Inc. | $5.0M | 0.39% |
| JM Financial Institutional Securities Limited | $898K | 0.07% |
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.