JOFIX Fees and Costs — JOHCM Global Income Builder Fund, Class I
Data updated: 2021-08-27
The net expense ratio is 0.85% (1.10% before fee waivers). There are no sales loads or redemption fees. In fiscal 2020 the fund paid $62K in broker commissions, 0.0678% of average net assets, and portfolio turnover was 141%.
JOFIX Fees and Expenses
Annual operating expenses and sales charges of JOFIX. Prospectus, as of January 31, 2021.
| Annual operating expenses | |
|---|---|
| Management fee | 0.67% |
| 12b-1 fee | 0.10% |
| Other expenses | 0.31% |
| Gross expense ratio | 1.10% |
| Fee waiver | −0.25% |
| Net expense ratio | 0.85% |
| 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 |
JOFIX Costs Over Time
On $10,000 invested in JOFIX, assuming 5% a year before costs, total costs come to $575 over 5 years, cutting the return by 0.96% 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 0.85%) | $89 | $279 | $484 |
| Trading costs (broker commissions) | $7 | $22 | $39 |
| Lost growth on money paid in costs | $0 | $15 | $53 |
| Total costs | $96 | $316 | $575 |
| Value after costs | $10,404 | $11,260 | $12,188 |
| Impact on return, per year | 0.96% | 0.96% | 0.96% |
JOFIX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending September 30, 2020.
- Explicit cost rate (commissions ÷ average net assets): 0.0678%
- Total broker commissions: $62K
- Bought from dealers (principal trades, not a cost): $131.9M
- Portfolio turnover (prospectus): 141%
- Securities lending: none during the year
JOFIX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| J.P. MORGAN SECURITIES PLC | $8K | 16.60% |
| MERRILL LYNCH INTERNATIONAL | $6K | 12.61% |
| UBS AG | $6K | 12.45% |
| BARCLAYS CAPITAL SECURITIES LIMITED | $5K | 11.77% |
| JEFFERIES INTERNATIONAL LIMITED | $5K | 9.97% |
| VIRTU ITG EUROPE LIMITED | $4K | 9.04% |
| RBC EUROPE LIMITED | $4K | 7.73% |
| CREDIT SUISSE SECURITIES (EUROPE) LIMITED | $3K | 7.14% |
| SANFORD C. BERNSTEIN LIMITED | $3K | 6.70% |
| LIQUIDNET EUROPE LIMITED | $3K | 5.97% |
JOFIX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| MarketAxess Capital Limited | $39.3M | 32.85% |
| GOLDMAN SACHS & CO. LLC | $24.5M | 20.46% |
| BARCLAYS CAPITAL SECURITIES LIMITED | $12.2M | 10.23% |
| MORGAN STANLEY | $10.6M | 8.87% |
| J.P. MORGAN SECURITIES LLC | $9.0M | 7.49% |
| CITIGROUP GLOBAL MARKETS INC. | $8.0M | 6.71% |
| PERSHING LLC | $4.9M | 4.07% |
| J.P. MORGAN SECURITIES PLC | $4.0M | 3.31% |
| BOFA SECURITIES, INC. | $3.9M | 3.28% |
| Deutsche Bank Aktiengesellschaft | $3.3M | 2.73% |
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.