JOMEX Fees and Costs — JOHCM Emerging Markets Discovery Fund, Advisor Shares
Data updated: 2026-08-27
The net expense ratio is 1.34%: a 1.05% management fee, a 0.10% 12b-1 fee plus 0.56% other expenses, less a 0.37% fee waiver. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $153K in broker commissions, 0.2629% of average net assets, and portfolio turnover was 138%.
JOMEX Fees and Expenses
Annual operating expenses and sales charges of JOMEX. Prospectus, as of September 30, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 1.05% |
| 12b-1 fee | 0.10% |
| Other expenses | 0.56% |
| Gross expense ratio | 1.71% |
| Fee waiver | −0.37% |
| Net expense ratio | 1.34% |
| 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 | Yes |
| Waived fees subject to recoupment | Yes |
JOMEX Costs Over Time
On $10,000 invested in JOMEX, assuming 5% a year before costs, total costs come to $991 over 5 years, cutting the return by 1.68% 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 1.34%) | $141 | $436 | $752 |
| Trading costs (broker commissions) | $28 | $86 | $147 |
| Lost growth on money paid in costs | $0 | $26 | $91 |
| Total costs | $168 | $548 | $991 |
| Value after costs | $10,332 | $11,028 | $11,772 |
| Impact on return, per year | 1.68% | 1.68% | 1.68% |
JOMEX 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): 0.2629%
- Total broker commissions: $153K
- Bought from dealers (principal trades, not a cost): $78.2M
- Portfolio turnover (prospectus): 138%
- Securities lending: none during the year
JOMEX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| JP Morgan Securities PLC | $29K | 21.42% |
| UBS AG | $28K | 20.83% |
| CLSA (UK) | $21K | 15.47% |
| Morgan Stanley & Co. International PLC | $12K | 9.01% |
| Goldman Sachs International | $9K | 6.37% |
| Jefferies International Limited | $8K | 6.01% |
| Merrill Lynch International | $8K | 5.90% |
| ITAU BBA USA Securities, Inc. | $7K | 5.24% |
| Citigroup Global Markets Limited | $7K | 5.16% |
| Daiwa Capital Markets Hong Kong Limited | $6K | 4.58% |
JOMEX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| The Northern Trust Company | $78.1M | 99.86% |
| Jefferies International Limited | $112K | 0.14% |
JOHCM Emerging Markets Discovery Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| JOMMX | Institutional Shares | 1.24% | none |
| JOMEX | Advisor Shares | 1.34% | 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.