JOISX Fees and Costs — JOHCM International Small Cap Equity Fund, Class I
Data updated: 2021-08-27
The net expense ratio is 1.31%: a 1.05% management fee, a 0.10% 12b-1 fee plus 0.16% other expenses. There are no sales loads or redemption fees. In fiscal 2020 the fund paid $65K in broker commissions, 0.0336% of average net assets, and portfolio turnover was 25%.
JOISX Fees and Expenses
Annual operating expenses and sales charges of JOISX. Prospectus, as of January 31, 2021.
| Annual operating expenses | |
|---|---|
| Management fee | 1.05% |
| 12b-1 fee | 0.10% |
| Other expenses | 0.16% |
| Gross expense ratio | 1.31% |
| Fee waiver | — |
| Net expense ratio | 1.31% |
| 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 | No |
| Waived fees subject to recoupment | No |
JOISX Costs Over Time
On $10,000 invested in JOISX, assuming 5% a year before costs, total costs come to $835 over 5 years, cutting the return by 1.41% 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 1.31%) | $138 | $428 | $739 |
| Trading costs (broker commissions) | $4 | $11 | $19 |
| Lost growth on money paid in costs | $0 | $22 | $77 |
| Total costs | $141 | $460 | $835 |
| Value after costs | $10,359 | $11,116 | $11,928 |
| Impact on return, per year | 1.41% | 1.41% | 1.41% |
JOISX 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): 0.0336%
- Total broker commissions: $65K
- Bought from dealers (principal trades, not a cost): $23
- Portfolio turnover (prospectus): 25%
- Securities lending: none during the year
JOISX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| J.P. MORGAN SECURITIES PLC | $10K | 20.51% |
| LIQUIDNET EUROPE LIMITED | $9K | 18.77% |
| UBS AG | $6K | 11.56% |
| VIRTU ITG EUROPE LIMITED | $5K | 10.64% |
| Daiwa Capital Markets Hong Kong Limited | $4K | 7.69% |
| CREDIT AGRICOLE SECURITIES (USA) INC. | $4K | 7.48% |
| CITIGROUP GLOBAL MARKETS LIMITED | $4K | 7.20% |
| GOLDMAN SACHS INTERNATIONAL | $3K | 6.67% |
| DANSKE BANK A/S | $2K | 4.90% |
| CREDIT SUISSE SECURITIES (EUROPE) LIMITED | $2K | 4.58% |
JOISX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Royal Bank of Canada | $15 | 63.95% |
| CITIGROUP GLOBAL MARKETS INC. | $8 | 36.05% |
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.