PAK Fees and Costs — Global X MSCI Pakistan ETF
Data updated: 2024-04-01
The net expense ratio is 0.80%: a 0.68% management fee plus 0.12% other expenses. There are no sales loads or redemption fees. In fiscal 2023 the fund paid $79K in broker commissions, 0.4297% of average net assets, and portfolio turnover was 29%.
PAK Fees and Expenses
Annual operating expenses and sales charges of PAK. Prospectus, as of February 28, 2023.
| Annual operating expenses | |
|---|---|
| Management fee | 0.68% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.12% |
| Gross expense ratio | 0.80% |
| Fee waiver | — |
| Net expense ratio | 0.80% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | No |
| Fees waived or reduced during the year | No |
| Waived fees subject to recoupment | No |
PAK Costs Over Time
On $10,000 invested in PAK, assuming 5% a year before costs, total costs come to $766 over 5 years, cutting the return by 1.29% 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 0.80%) | $84 | $261 | $452 |
| Trading costs (broker commissions) | $45 | $140 | $243 |
| Lost growth on money paid in costs | $0 | $20 | $70 |
| Total costs | $129 | $422 | $766 |
| Value after costs | $10,371 | $11,154 | $11,997 |
| Impact on return, per year | 1.29% | 1.29% | 1.29% |
PAK Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending October 31, 2023.
- Explicit cost rate (commissions ÷ average net assets): 0.4297%
- Total broker commissions: $79K
- Bought from dealers (principal trades, not a cost): $1.2M
- Portfolio turnover (prospectus): 29%
- Securities lending: none during the year
PAK Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| BANK OF AMERICA | $48K | 60.87% |
| J.P. MORGAN SECURITIES | $30K | 38.28% |
| CITIGROUP GLOBAL MARKETS | $542 | 0.68% |
| BTIG | $131 | 0.16% |
PAK Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| GOLDMAN, SACHS & CO. | $1.2M | 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 Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date.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.