JOHAX Fees and Costs — JOHCM International Select Fund, Investor Shares
Data updated: 2026-08-27
The net expense ratio is 1.19%: a 0.84% management fee, a 0.25% 12b-1 fee plus 0.09% other expenses. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $4.3M in broker commissions, 0.1165% of average net assets, and portfolio turnover was 93%.
JOHAX Fees and Expenses
Annual operating expenses and sales charges of JOHAX. Prospectus, as of September 30, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.84% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.09% |
| Gross expense ratio | 1.19% |
| Fee waiver | — |
| Net expense ratio | 1.19% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| Max deferred load | 0.00% |
| Redemption fee | 0.00% |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | No |
| Waived fees subject to recoupment | Yes |
JOHAX Costs Over Time
On $10,000 invested in JOHAX, assuming 5% a year before costs, total costs come to $812 over 5 years, cutting the return by 1.37% 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 1.19%) | $125 | $389 | $672 |
| Trading costs (broker commissions) | $12 | $38 | $66 |
| Lost growth on money paid in costs | $0 | $21 | $75 |
| Total costs | $137 | $448 | $812 |
| Value after costs | $10,363 | $11,128 | $11,951 |
| Impact on return, per year | 1.37% | 1.37% | 1.37% |
JOHAX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending September 30, 2025.
- Explicit cost rate (commissions ÷ average net assets): 0.1165%
- Total broker commissions: $4.3M
- Bought from dealers (principal trades, not a cost): $5.9B
- Portfolio turnover (prospectus): 93%
- Securities lending: none during the year
JOHAX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| JP Morgan Securities PLC | $825K | 22.57% |
| UBS AG | $784K | 21.47% |
| Liquidnet Europe Limited | $521K | 14.26% |
| Goldman Sachs International | $337K | 9.22% |
| Merrill Lynch International | $279K | 7.63% |
| CLSA (UK) | $245K | 6.70% |
| Citigroup Global Markets Ltd | $240K | 6.57% |
| RBC Europe Limited | $188K | 5.15% |
| Jefferies International Limited | $146K | 3.99% |
| BNP Paribas | $89K | 2.44% |
JOHAX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| The Northern Trust Company | $5.9B | 100.00% |
JOHCM International Select Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| JOHIX | Institutional Shares | 0.96% | none |
| JOHAX | Investor Shares | 1.19% | none |
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.