OBEMX Fees and Costs — Oberweis Emerging Markets Fund, Investor Class
Data updated: 2024-11-27
The net expense ratio is 1.75%: a 1.25% management fee, a 0.25% 12b-1 fee plus 1.21% other expenses, less a 0.96% fee waiver. This share class carries a redemption fee of 2.00%. In fiscal 2023 the fund paid $68K in broker commissions, 0.4320% of average net assets, and portfolio turnover was 115%.
OBEMX Fees and Expenses
Annual operating expenses and sales charges of OBEMX. Prospectus, as of April 30, 2024.
| Annual operating expenses | |
|---|---|
| Management fee | 1.25% |
| 12b-1 fee | 0.25% |
| Other expenses | 1.21% |
| Gross expense ratio | 2.71% |
| Fee waiver | −0.96% |
| Net expense ratio | 1.75% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | 2.00% |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | Yes |
OBEMX Costs Over Time
On $10,000 invested in OBEMX, assuming 5% a year before costs, total costs come to $1,333 over 5 years, cutting the return by 2.29% 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 1.75%) | $184 | $566 | $970 |
| Trading costs (broker commissions) | $45 | $140 | $239 |
| Lost growth on money paid in costs | $0 | $35 | $124 |
| Total costs | $229 | $741 | $1,333 |
| Value after costs | $10,271 | $10,835 | $11,430 |
| Impact on return, per year | 2.29% | 2.29% | 2.29% |
OBEMX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending December 31, 2023.
- Explicit cost rate (commissions ÷ average net assets): 0.4320%
- Total broker commissions: $68K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 115%
- Securities lending: none during the year
OBEMX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| CLSA Americas, LLC | $24K | 37.84% |
| Ambit Capital Pvt. Ltd. | $10K | 15.96% |
| Morgan Stanley & Co. | $9K | 13.34% |
| Samsung Securities | $6K | 9.01% |
| HSBC Securities (USA), Inc. | $6K | 8.87% |
| Liquidnet, Inc. | $3K | 5.38% |
| Maybank Kim Eng Securities, Inc. | $3K | 3.90% |
| Haitong International Securities | $2K | 3.64% |
| UBS Securities LLC | $681 | 1.06% |
| The Benchmark Co. LLC | $648 | 1.01% |
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.