GLAPX Fees and Costs — GMO Global Asset Allocation Series Fund, Class PS
Data updated: 2021-01-29
The net expense ratio is 0.69% (0.80% before fee waivers). There are no sales loads or redemption fees. Portfolio turnover was 4%.
GLAPX Fees and Expenses
Annual operating expenses and sales charges of GLAPX. Prospectus, as of February 29, 2020.
| Annual operating expenses | |
|---|---|
| Management fee | 0.00% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.01% |
| Gross expense ratio | 0.80% |
| Fee waiver | −0.11% |
| Net expense ratio | 0.69% |
| 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 |
GLAPX Costs Over Time
On $10,000 invested in GLAPX, assuming 5% a year before costs, total costs come to $434 over 5 years, cutting the return by 0.72% 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 0.69%) | $72 | $227 | $395 |
| Lost growth on money paid in costs | $0 | $11 | $40 |
| Total costs | $72 | $238 | $434 |
| Value after costs | $10,428 | $11,338 | $12,329 |
| Impact on return, per year | 0.72% | 0.72% | 0.72% |
GLAPX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending February 29, 2020.
- Explicit cost rate (commissions ÷ average net assets): —
- Total broker commissions: —
- Bought from dealers (principal trades, not a cost): $25.5M
- Portfolio turnover (prospectus): 4%
- Securities lending: none during the year
GLAPX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| State Street Bank and Trust Company | $25.5M | 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 Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date.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.