KBIWX Fees and Costs — KBI Global Investors Aquarius Fund, Institutional Shares
Data updated: 2026-10-13
The net expense ratio is 1.00%: a 0.85% management fee plus 0.54% other expenses, less a 0.39% fee waiver. This share class carries a redemption fee of 2.00%. In fiscal 2026 the fund paid $28K in broker commissions, 0.0500% of average net assets, and portfolio turnover was 52%.
KBIWX Fees and Expenses
Annual operating expenses and sales charges of KBIWX. Prospectus, as of November 30, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.85% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.54% |
| Gross expense ratio | 1.39% |
| Fee waiver | −0.39% |
| Net expense ratio | 1.00% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | 2.00% |
KBIWX Costs Over Time
On $10,000 invested in KBIWX, assuming 5% a year before costs, total costs come to $656 over 5 years, cutting the return by 1.10% 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 1.00%) | $105 | $327 | $568 |
| Trading costs (broker commissions) | $5 | $16 | $28 |
| Lost growth on money paid in costs | $0 | $17 | $60 |
| Total costs | $110 | $361 | $656 |
| Value after costs | $10,390 | $11,215 | $12,107 |
| Impact on return, per year | 1.10% | 1.10% | 1.10% |
KBIWX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending July 31, 2026.
- Explicit cost rate (commissions ÷ average net assets): 0.0500%
- Total broker commissions: $28K
- Bought from dealers (principal trades, not a cost): $55K
- Portfolio turnover (prospectus): 52%
KBIWX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| UBS INTERNATIONAL INC | $8K | 28.38% |
| BAML | $4K | 15.57% |
| R.W. BARD | $4K | 14.66% |
| CITIGROUP | $4K | 14.15% |
| RBC DAIN RAUSCHER INC. | $2K | 7.12% |
| VIRTU FINANCIAL BD LLC | $2K | 6.18% |
| DAIWA SECURITIES AMERICA, INC. | $1K | 4.90% |
| BNP PARIBAS | $924 | 3.47% |
| BERENBERG | $814 | 3.06% |
| LIQUIDNET | $663 | 2.49% |
KBIWX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| BARCLAY BANK PLC | $55K | 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.