POLEX Fees and Costs — Polar Capital Emerging Market Stars Fund
Data updated: 2026-08-26
The net expense ratio is 1.00%: a 0.90% management fee plus 0.38% other expenses, less a 0.28% fee waiver. There are no sales loads or redemption fees. In fiscal 2026 the fund paid $132K in broker commissions, 0.0748% of average net assets, and portfolio turnover was 54%.
POLEX Fees and Expenses
Annual operating expenses and sales charges of POLEX. Prospectus, as of July 29, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.90% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.38% |
| Gross expense ratio | 1.28% |
| Fee waiver | −0.28% |
| Net expense ratio | 1.00% |
| 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 |
POLEX Costs Over Time
On $10,000 invested in POLEX, assuming 5% a year before costs, total costs come to $671 over 5 years, cutting the return by 1.13% 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 | $567 |
| Trading costs (broker commissions) | $8 | $24 | $42 |
| Lost growth on money paid in costs | $0 | $17 | $62 |
| Total costs | $113 | $369 | $671 |
| Value after costs | $10,387 | $11,207 | $12,092 |
| Impact on return, per year | 1.13% | 1.13% | 1.13% |
POLEX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending March 31, 2026.
- Explicit cost rate (commissions ÷ average net assets): 0.0748%
- Total broker commissions: $132K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 54%
- Securities lending: none during the year
POLEX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| CREDIT LYONNAIS | $23K | 17.38% |
| UBS AG | $19K | 14.54% |
| J.P. MORGAN SECURITIES PLC | $18K | 13.88% |
| MORGAN STANLEY & CO. LLC | $18K | 13.46% |
| JEFFERIES LLC. | $15K | 11.07% |
| HSBC SECURITIES (USA) INC. | $11K | 8.48% |
| BOFA SECURITIES, INC. | $10K | 7.19% |
| XP SECURITIES, LLC | $7K | 5.02% |
| ITAU BBA INTERNATIONAL PLC | $6K | 4.64% |
| CITIGROUP GLOBAL MARKETS LIMITED | $6K | 4.34% |
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.