RIMIX Fees and Costs — Fiera Capital Emerging Markets Fund, Investor Class
Data updated: 2021-08-24
The net expense ratio is 1.61%. There are no sales loads or redemption fees. In fiscal 2021 the fund paid $6.3M in broker commissions, 0.3635% of average net assets, and portfolio turnover was 47%.
RIMIX Fees and Expenses
Annual operating expenses and sales charges of RIMIX. Prospectus, as of March 31, 2021.
| Annual operating expenses | |
|---|---|
| Management fee | 1.00% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.34% |
| Gross expense ratio | 1.61% |
| Fee waiver | — |
| Net expense ratio | 1.61% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | No |
| Waived fees subject to recoupment | Yes |
RIMIX Costs Over Time
On $10,000 invested in RIMIX, assuming 5% a year before costs, total costs come to $1,211 over 5 years, cutting the return by 2.07% 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 1.61%) | $169 | $522 | $896 |
| Trading costs (broker commissions) | $38 | $118 | $202 |
| Lost growth on money paid in costs | $0 | $32 | $112 |
| Total costs | $207 | $672 | $1,211 |
| Value after costs | $10,293 | $10,904 | $11,552 |
| Impact on return, per year | 2.07% | 2.07% | 2.07% |
RIMIX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending March 31, 2021.
- Explicit cost rate (commissions ÷ average net assets): 0.3635%
- Total broker commissions: $6.3M
- Bought from dealers (principal trades, not a cost): $10.7M
- Portfolio turnover (prospectus): 47%
- Securities lending: none during the year
RIMIX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| UBS SECURITIES LLC | $1.5M | 24.92% |
| BANC OF AMERICA SECURITIES LLC | $1.3M | 21.42% |
| CREDIT SUISSE SECURITIES (USA) LLC | $1.1M | 17.33% |
| DAIWA CAPITAL MARKETS AMERICA INC. | $919K | 15.04% |
| MACQUARIE CAPITAL (USA) INC. | $357K | 5.84% |
| JEFFERIES LLC | $263K | 4.30% |
| CITIGROUP GLOBAL MARKETS INC. | $183K | 3.00% |
| ICICI SECURITIES INC. | $179K | 2.93% |
| KOTAK SECURITIES LIMITED | $161K | 2.63% |
| Bank of China Intl | $157K | 2.57% |
RIMIX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| ICICI SECURITIES INC. | $8.8M | 82.12% |
| KOTAK SECURITIES LIMITED | $990K | 9.22% |
| CREDIT SUISSE SECURITIES (USA) LLC | $929K | 8.65% |
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.